If Sales Are $680,000 and the Beginning and Ending Balances

question 100

Multiple Choice

If sales are $680,000 and the beginning and ending balances of Accounts Receivable are $34,400 and $38,400,respectively,the cash collected from customers is:

• A)$680,000.
• B)$641,600.
• C)$676,000.
• D)$684,000.

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Definitions:

Telecommute

The practice of working from a remote location, outside of a traditional office environment, often using technology to stay connected.

Ethical Lapse

A failure to behave in an ethical manner, often resulting in actions that violate moral principles or standards.

Ethical Dilemma

A situation in which a person must choose between two or more actions, each of which is morally compelling in different ways.

Ethical Lapse

A temporary failure to maintain ethical standards, resulting in behavior that is morally wrong or violates company policies.