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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%

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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 collections for February would be: (Please DO NOT Include a dollar sign (\$) in your answer.)

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