Carson Enterprises' Comparative Balance Sheets Included Accounts Receivable of $220,300

question 25

Multiple Choice

Carson Enterprises' comparative balance sheets included accounts receivable of $220,300 at December 31, 2014, and $200,900 at December 31, 2015.Sales reported on Carson's 2015 income statement amounted to $2,350,000.What is the amount of cash collections that Carson will report in the Operating Activities category of its 2015 statement of cash flows assuming that the direct method is used?

• A)$2,369,400
• B)$2,350,000
• C)$2,771,200
• D)$2,330,600

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Definitions:

Knowing-Doing Gap

The disconnect between knowing what needs to be done and actually doing it, often hindering organizational performance and outcomes.

Toyota Production System

A manufacturing methodology developed by Toyota that emphasizes efficiency, quality, and continuous improvement, focusing on eliminating waste.

Web-Enabled Input

Data or information input methods that are facilitated through web technologies, allowing for interaction or data entry via the internet.

Skilled Workers

Individuals who have acquired expertise, abilities, and experience in a particular field or job through education or training.