Accounts Receivable Arising from Sales to Customers Amounted to ¥800,000

question 5

Multiple Choice

Accounts receivable arising from sales to customers amounted to ¥800,000 and ¥700,000 at the beginning and end of the year, respectively.Income reported on the income statement for the year was ¥2,800,000.Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

• A)¥2,800,000.
• B)¥2,900,000.
• C)¥3,500,000.
• D)¥2,700,000.

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Definitions:

Relatively Elastic

Describes a supply or demand curve in economics that shows a greater sensitivity or responsiveness to changes in price.

Price-Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price.

Price-Inelastic

Describes a situation where the demand for a product does not change significantly with a change in the product's price.

Coefficient

A constant or numerical value that precedes and multiplies a variable within an algebraic expression.