Kozicek Corporation Reported Credit Sales of $200,000,accounts Receivable of $110,000

question 89

Multiple Choice

Kozicek Corporation reported credit sales of $200,000,accounts receivable of $110,000 at the beginning of the year,and accounts receivable of $150,000 at the end of the year.During the year Kozicek wrote off $10,00 as bad debt.Cash collections from customers during the year were:

• A)$160,000
• B)$200,000
• C)$300,000
• D)$150,000

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Definitions:

Deadweight Loss

The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.

Tax Revenues

The income that is gained by governments through taxation, which is then used to fund public services and infrastructure.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.

Tax Revenue

The financial earnings acquired by governments via taxation.