Caler Corp How Much Cash Was Collected from Customers During 2017?
A)

question 81

Multiple Choice

Caler Corp.reported the following information for 2016 and 2017. $\begin{array}{lr}\text { Accounts receivable, December } 31,2016 & \$ 67,000 \\\text { Accounts receivable, December 31,2017 } & 63,000 \\\text { Sales (all on credit) -2017 } & 745,000\end{array}$ How much cash was collected from customers during 2017?

• A) $741,000
• B) $745,000
• C) $749,000
• D) $753,000

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Definitions:

Supply

The total amount of a good or service that is available for purchase at various price levels during a specified time period.

Demand and Supply

Demand and Supply are fundamental economic concepts representing the desire and ability to purchase goods and services and the amount of goods and services available for sale, respectively.

Market Supply

The total of what all producers are willing and able to sell at a given price over a specified time period.

Quantities Supplied

The amounts of a good or service that producers are willing and able to sell at various prices during a specified time period.