The Largest Single Source of Revenue for California Cities Today

question 14

Multiple Choice

The largest single source of revenue for California cities today is

• A)federal grants.
• B)sales taxes.
• C)property taxes.
• D)service charges.

---

Definitions:

Credit Sales

Sales in which the customer is allowed to pay at a later date, typically used to increase sales volume.

Cash Collections

The process of gathering all payments or receivables from customers over a specific period.

Accounts Receivable

Money owed to a business by its customers for products or services that have been delivered or used but not yet paid for.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including material and labor costs.