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Sioux Corporation is estimating the following monthly sales for the first quarter of next year: January February March $210,000 $280,000 $340,000 Sales are normally collected

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Sioux Corporation is estimating the following monthly sales for the first quarter of next year: January February March $210,000 $280,000 $340,000 Sales are normally collected 60% in the month of sale and 40% in the month following the sale. The budgeted accounts receivable balance at the end of March is: Multiple Choice $204,000 $340,000 Oo oo $316,000 O $136,000

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