If $80,000 Is Owed by Customers at the Beginning of the Year

question 24

Multiple Choice

If $80,000 is owed by customers at the beginning of the year, $75,000 is owed at the end and credit sales are $120,000, the cash received from customers is:

• A) $115,000
• B) $125,000
• C) $80,000
• D) $120,000

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Definitions:

Repertoire

Repertoire refers to the range or collection of skills, abilities, or the body of works available to someone or something.

Sensory Information

Data received by sensory organs like the eyes, ears, skin, nose, and tongue, which is then interpreted by the brain to perceive the environment.

Motor Information

Data related to or involving the control and execution of physical movements by the nervous system and muscles.

Reflexive Behaviors

Automatic, involuntary responses to stimuli, governed by the nervous system without conscious brain involvement.