Question 8 (5 points) Listen Sam Company is estimating the following sales for the first five months of next year: January $250,000 February $220,000 March $240,000 April $300,000 May $360,000 Typically, 75% of sales at Sam are made on account. Sales on account are normally collected as 60% in the month of the sale, 35% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Sam expect to collect during the month of April? $290,700 $264,000 $306,000 $273,000 Previous Page Next Page Page 8 of 20