Suppose That a Company Has the Following Accounts Receivable Collection

question 146

Multiple Choice

Suppose that a company has the following accounts receivable collection pattern: All sales are on credit. If credit sales for January and February are $200,000 and $100,000 respectively, the cash collection for February is

• A) $210,000
• B) $100,000
• C) $130,000
• D) $140,000
• E) $170,000

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