During the Current Year,Todd Electronics Had $610,000 in Cash Sales

question 147

Multiple Choice

During the current year,Todd Electronics had $610,000 in cash sales and $2,220,000 in credit sales.The Accounts Receivable balance was $530,000 at the beginning of the year and $425,000 at the end of the year.What was the total cash collected from customers during the year?

• A) $2,935,000
• B) $2,830,000
• C) $2,725,000
• D) $2,325,000

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Definitions:

Fractures

Breaks or cracks in rock or bone, often resulting from stress or impact.

Sulfide Mineral

A mineral compound characterized by the presence of sulfur in combination with metals such as iron, copper, or zinc.

Cube-Shaped Crystals

Crystalline structures that manifest in a cubic shape, common in minerals like pyrite and halite.

Pink-Colored Mineral

Minerals that exhibit a pink hue, often due to the presence of elements like manganese or inclusion of minerals like rhodonite.