Use the Following Information for Questions 96-98

question 8

Multiple Choice

Use the following information for questions 96-98.
During 2014, Vaughn Corporation sold merchandise costing $2,250,000 on an installment basis for $3,000,000. The cash receipts related to these sales were collected as follows: 2014, $1,200,000; 2015, $1,050,000; 2016, $750,000.
-If expenses, other than the cost of the merchandise sold, related to the 2014 installment sales amounted to $135,000, by what amount would Vaughn's net income for 2014 increase as a result of installment sales?

• A) $ 165,000
• B) $ 266,250
• C) $ 300,000
• D) $1,065,000

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Definitions:

Reaction To Catastrophe

Reaction To Catastrophe refers to the wide range of emotional, cognitive, and behavioral responses that individuals and communities exhibit in response to a catastrophic event or disaster.

Recovery Stage

A phase in the healing process of an illness, injury, or psychological condition where symptoms are subsiding and functionality starts to restore.

Recovery Stage

A phase in the healing or rehabilitation process where improvement and return to a normal state or condition occur.

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A psychological disorder that arises from exposure to or being a witness to a horrifying incident, marked by recurring flashbacks, distressing dreams, and intense fear.