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:

Overstaffing

The condition of having more employees than necessary, which can lead to reduced efficiency and increased costs.

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A strategy or process of separating a larger group into smaller groups or teams, often to facilitate focus, manageability, or diversity of thought.

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Limiting access or entry to a group or organization to certain individuals based on specific criteria.

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A branch of psychology focused on studying the relationship between organisms and their environment, emphasizing the importance of natural contexts for understanding behavior.