Sioux Corporation is estimating the following sales for the first four months of next year:
Sales are normally collected 60% in the month of sale and 40% in the month following the sale.Based on this information,how much cash should Sioux expect to collect during the month of April?
A) $370,000
B) $222,000
C) $119,000
D) $358,000
Correct Answer:
Verified
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