The Boat Works Started the Month with $1

question 35

Multiple Choice

The Boat Works started the month with $1.28 million in accounts receivable.Sales for the month were $3.4 million.The firm collects 35% of its sales in the month of sale with the remainder paid the following month.What is the accounts receivable balance at month end?

• A) $2.21 million
• B) $1.19 million
• C) $3.49 million
• D) $2.71 million

---

Definitions:

UV Radiation

Ultraviolet radiation; a type of energy emitted by the sun and artificial sources, which can cause skin damage, including sunburn and skin cancer.

Melanin

A pigment found in the skin, hair, and eyes of humans and animals, responsible for coloration and protection against UV radiation.

Epidermis

The most superficial layer of the skin.

Dermis

The middle layer of the skin, which contains connective tissue, nerve endings, hair follicles, sweat glands, and oil glands.