Suppose that a company has the following accounts receivable collection pattern: Paid in the month of sale 30% Paid in the month following sale 70% All sales are on credit. If credit sales for January and February are $200,000 and $100,000 respectively, the cash collection for February are
A) $170,000
B) $100,000
C) $130,000
D) $140,000
E) $200,000
A
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