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

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Accounting

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

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Sales are normally collected 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?

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