The May 1 and May 31 Balances in Accounts Receivable

question 15

Multiple Choice

The May 1 and May 31 balances in accounts receivable are $35,000 and $36,000, respectively. During May, the company reported sales totaling $235,000 from its customers. The company incurred $211,000 of expenses, although $12,000 was not paid as of May 31. How much is cash flows from operations for May?

• A)$24,000
• B)$37,000
• C)$11,000
• D)$35,000

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Definitions:

Nutraceuticals

Products derived from food sources with extra health benefits in addition to the basic nutritional value found in foods.

Intolerable Side Effects

Adverse reactions to medications or treatments that are so severe they outweigh the benefits and may necessitate discontinuation or change in therapy.

Ugo Cerletti

An Italian neurologist best known for co-developing electroconvulsive therapy (ECT) for psychiatric conditions.

Antipsychotic Medications

Drugs prescribed to manage and alleviate the symptoms associated with severe mental health conditions such as schizophrenia and bipolar disorder.