Which of the Following Is the Correct Formula for Calculating

question 18

Multiple Choice

Which of the following is the correct formula for calculating cash collections from customers?

• A) sales for the period plus accounts receivable at the beginning of the period
• B) sales for the period plus accounts receivable at the beginning of the period minus accounts receivable at the end of the period
• C) sales for the period plus accounts receivable at the end of the period
• D) sales for the period plus accounts receivable at the end of the period minus accounts receivable at the beginning of the period

Recognize the different types of burns and their severity.

Name and outline the function of equipment used to maintain a safe working environment.

Understand the operation and types of lifts used in vehicle service.

Outline the procedures for safely moving and working under vehicles.

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Definitions:

Tort

A wrongful act or an infringement of a right (other than under contract) leading to civil legal liability.

Crime

An action or omission that constitutes an offense and is punishable by law.

Respondeat Superior

Latin for “let the superior speak”; the principle by which liability for harm caused by an agent/employee is held by the principal/employer.

Pierce the Corporate Veil

A legal concept where the courts set aside limited liability afforded by the corporation status to hold the shareholders personally liable for the corporation's debts and obligations.