During the Year, Alfa Limited Reported Credit Sales of $850,000

question 30

Multiple Choice

During the year, Alfa Limited reported credit sales of $850,000.Beginning Accounts Receivable was $60,000 and ending Accounts Receivable was $140,000.What were the cash collections from customers during the year?

• A)$930,000
• B)$850,000
• C)$770,000
• D)$710,000

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Definitions:

Injection Molding

A method for fabricating parts by injecting liquid material into a mold.

Out Of Control

A term used in process monitoring to describe when a process is beyond its control limits, indicating instability or unpredictability.

Center Line

In statistical process control, a line on a control chart that represents the average or expected value around which data points vary.

Standard Deviation

An indicator of the range or spread of values in a dataset, showing how much they diverge from the average value.