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Sioux Company is estimating the following sales for the first six months of next year:

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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 $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?;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?

 

Paper#27693 | Written in 18-Jul-2015

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