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Sioux Company is estimating the following sales for the first six months of next year: January = $250,000; February = $220,000; March = $240,000; April

Sioux Company is estimating the following sales for the first six months of next year: January = $250,000; February = $220,000; March = $240,000; April = $300,000; May = $360,000 Sales at Sioux are normally collected as 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? $250,800 $264,000 $290,700 $306,000 please show work

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