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Sioux Corporation is estimating the following sales for the first four months of next year: January: $260,000 Febraury: $230,000 March: $270,000 April: $320,000 Sales are

Sioux Corporation is estimating the following sales for the first four months of next year:

January: $260,000

Febraury: $230,000

March: $270,000

April: $320,000

Sales are normally collected 60% in the month of slae, 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.) $286,500

B.) $320,000

C.) $192,000

D.) $94,500

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