Suppose that a company has the following accounts receivable collection pattern: Paid in the month of sale
Paid in the month following sale All sales are on credit.Suppose credit sales for March and April are $300,000 and $200,000,respectively.What would be the company's cash collection for April?
A) $100,000
B) $130,000
C) $140,000
D) $270,000
Correct Answer:
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