Smith Corporation Has Provided the Following Information: Cash Sales Totaled

question 86

Multiple Choice

Smith Corporation has provided the following information: Cash sales totaled $125,000.
Credit sales totaled $279,000.
Cash collections from customers for services yet to be provided totaled $38,000.
An $11,000 gain from the sale of property and equipment occurred.
Interest income totaled $7,700.
How much were Smith's operating revenues?

• A) $404,000.
• B) $411,700.
• C)$442,000.
• D)$460,700.

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Definitions:

Successful Vision

A clear and compelling future scenario or goal that a person or organization strives to achieve, often inspiring and guiding strategic planning.

Vision

The capacity to envision a clear and compelling future state that inspires and motivates people to work together towards its realization.

Worthwhile

Something considered valuable, meaningful, or deserving of time, effort, or investment.

Tells

Behaviors or signs inadvertently shown by individuals, revealing their thoughts, feelings, or intentions, often used in the context of poker or psychology to detect deception.