Newark Company Has Provided the Following Information: • Cash Sales,$450,000

question 127

Multiple Choice

Newark Company has provided the following information: • Cash sales,$450,000
• Credit sales,$1,350,000
• Selling and administrative expenses,$330,000
• Sales returns and allowances,$90,000
• Gross profit,$1,360,000
• Increase in accounts receivable,$55,000
• Bad debt expense,$33,000
• Sales discounts,$43,000
• Net income,$1,030,000
-
How much cash was collected from customers?

• A)Cash flow increased $1,295,000.
• B)Cash flow increased $1,745,000.
• C)Cash flow decreased $1,855,000.
• D)Cash flow increased $1,405,000.

---

Definitions:

Header

Text or graphic printed at the top of every page in a document or appearing at the beginning of a section online.

Row Height

The vertical dimension of a row in a table or spreadsheet, which can be adjusted to accommodate the content within.

Average Function

A mathematical operation in spreadsheet programs that calculates the mean value of a selected range of cells.

Right Parenthesis

The closing bracket in a pair of parentheses, used to enclose text or numbers, symbolized as ")".