Suppose that a company has the following accounts receivable collection pattern:
All sales are on credit.If credit sales for January and February are $250,000 and $120,000 respectively, the cash collection for February is:
A) $210,000.
B) $100,000.
C) $130,000.
D) $140,000.
E) $217,500.
Correct Answer:
Verified
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