6) Sioux Corporation is estimating the following sales for the first four months of next year: February. 230,000 Sales are normally collected 60% in the month of sale, 35% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Sioux expect to collect during the month of April? A) $192,000 B) $320,000 C) $286,500 D) S94,500 7) Budgets are used to plan and to control operations. A) True B) False 8) The sales budget is usually prepared before the production budget. A) True B) False