Beginning and Ending Accounts Receivable Are $76,000 and $42,000, Respectively

question 12

Multiple Choice

Beginning and ending accounts receivable are $76,000 and $42,000, respectively. Sales for the period total $384,000, of which $40,000 was directly for cash. How much cash was collected from making sales and collecting accounts receivable?

• A)$344,000
• B)$418,000
• C)$378,000
• D)$376,000

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Definitions:

Stitching Process

The stitching process involves joining fabrics or materials together with thread and needle, commonly utilized in textile manufacturing and tailoring.

Production Facility

A place or establishment where goods are manufactured or assembled.