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Toledo Company offers generous credit terms to its customers. As a result, it may take several months to collect from customers. Based on past experience,

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Toledo Company offers generous credit terms to its customers. As a result, it may take several months to collect from customers. Based on past experience, Toledo typically has the following collection pattern: 65% in month of sale 20% one month following the sale 12% two months following the sale 3% uncollectible Toledo had the following sales from November 2018 through March 2019: How much should Toledo expect to collect in February and March? A) $314,140 and $321,388 B) $318,100 and $322,900 C) $330,100 and $334,300 20% one month following the sale 12% two months following the sale 3% uncollectible Toledo had the following sales from November 2018 through March 2019: How much should Toledo expect to collect in February and March? A) $314,140 and $321,388 B) $318,100 and $322,900 C) $330,100 and $334,300 D) $306,100 and $311,500

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