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Question 5 (5 points) Listen Sam Company is estimating the following sales for the first...

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Question 5 (5 points) Listen Sam Company is estimating the following sales for the first five months of next year: January $250,000 February $220,000 March $240,000 April $300,000 May $360,000 Typically, 75% of sales at Sam are made on account. Sales on account are normally collected as 60% in the month of the sale, 35% in the month following the sale, and the remaining 5% being uncollectible. Based on this information, how much cash should Sam expect to collect during the month of April? $306,000 $264,000 $273,000 $290,700

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