(Appendix) Magic Wand, Inc

question 13

Essay

(Appendix) Magic Wand, Inc.'s sales for the calendar year 20-B amounted to $745,000. The Accounts Receivable balance as of December 31, 20-A was $67,000. This same account had a balance of $79,000 as of December 31, 20-B.​
Required:
Calculate the amount of cash received from customers in 20-B.

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Definitions:

Motivation

The processes that energize, direct, and sustain behavior towards achieving a goal.

Direction

The course along which something or someone moves, proceeds, or is aimed.

Deprivation

A state of lacking or being denied something considered to be a necessity or a benefit, often leading to adverse effects on health or well-being.

Needs

Basic requirements for human survival and psychological well-being, such as food, water, and belonging.