If Sales Are $850,000 and the Beginning and Ending Balances

question 69

Multiple Choice

If sales are $850,000 and the beginning and ending balances of accounts receivable are $43,000 and $48,000,respectively,the cash collected from customers is:

• A)$850,000
• B)$802,000
• C)$845,000
• D)$855,000

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Definitions:

Developing Countries

Refers to nations with lower levels of industrialization, lower income per capita, and generally lower standards of living compared to developed countries.

Developed Countries

Nations with advanced economic systems, high standards of living, stable governments, and widespread access to healthcare and education.

Official Aid

Financial or material support provided by governmental bodies to individuals, organizations, or foreign nations.

Jurisprudence

The study or theory of law, including the principles behind legal systems and their development.