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Enable Exams 1 Saved Help Save & til Submit Sioux Corporation is estimating the following sales for the first four months of next year: January

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Enable Exams 1 Saved Help Save & til Submit Sioux Corporation is estimating the following sales for the first four months of next year: January February March April $ 210,000 $ 280,000 $ 340,000 $ 370,000 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? Multiple Choice $370.000 $222.000 $358,000

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