Suppose That a Company Has the Following Accounts Receivable Collection

question 37

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 $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.

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