Madison Company Had Sales of $154,000 How Much Cash Was Collected from Customers?
A) $148,000

question 63

Multiple Choice

Madison Company had sales of $154,000. Additional information from the balance sheet is below: $$\begin{array} { c c c } &\text { Beginning Balance } & \text { Ending Balance } \\ \text { Accounts Receivable }&22,000 & \$ 28,000 \\\text { Accounts Payable }&21,000 & 25,000\end{array}$$ How much cash was collected from customers?

• A) $148,000.
• B) $150,000.
• C)$154,000.
• D)$160,000.

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Definitions:

Genetic Drift

A mechanism of evolution that causes random fluctuations in the frequency of alleles in a population, especially in small populations.

Mutation

A permanent alteration in the DNA sequence that makes up a gene, which can result in a change in the phenotype of an organism.

Reproductive Isolating Mechanisms

Reproductive isolating mechanisms are biological features of organisms that prevent species from interbreeding, thereby maintaining species separateness.

Interbreeding

The mating or crossing of two individuals from different populations, species, or varieties, leading to the production of offspring.