What Was the Sales Volume in the Current Quarter If

question 106

Multiple Choice

What was the sales volume in the current quarter if beginning accounts receivable, at $5,000, was $1,000 higher than ending, and $20,000 was collected?

• A)$19,000
• B)$20,000
• C)$21,000
• D)$24,000 Ending accounts receivable = Beginning accounts receivable + sales - collections
• $4,000 = $5,000 + sales - $20,000

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Socioeconomic standing

A composite measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Remarriage

The act of marrying again after a divorce or the death of a spouse.

Socioeconomic level

A categorization of individuals or groups based on their economic and social position in relation to others, determined by factors like income, education, and occupation.

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