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Suppose That a Company Has the Following Accounts Receivable Collection  Paid in the month of sale 30% Paid in the month following sale 70%\begin{array}{ll}\text { Paid in the month of sale } & 30 \% \\\text { Paid in the month following sale } & 70 \%\end{array}

Question 18

Multiple Choice

Suppose that a company has the following accounts receivable collection pattern: 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?
 Paid in the month of sale 30% Paid in the month following sale 70%\begin{array}{ll}\text { Paid in the month of sale } & 30 \% \\\text { Paid in the month following sale } & 70 \%\end{array}


A) $100,000
B) $130,000
C) $140,000
D) $270,000

Correct Answer:

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