If Cash Collected from Customers for 2013 Is $780,000 and Accounts

question 166

Multiple Choice

If cash collected from customers for 2013 is $780,000 and accounts receivable increased by $20,000 during the year, what were sales for 2013?

• A) $600,000
• B) $780,000
• C) $800,000
• D) Cannot be determined from information given.

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Definitions:

Hydrogen Sulfide

A toxic, foul-smelling gas, H2S, often associated with volcanic gases and the decomposition of organic matter.

Abyssal Plane

A flat, almost level area of the deep ocean floor, usually lying at depths between 3,000 and 6,000 meters.

Seismic-Reflection Profiling

A geophysical method used to explore subsurface structures by sending sound waves into the ground and analyzing the reflected waves to map geological features.

Seismic-Reflection Profile

A cross section plotting data gathered from a seismic-reflection survey.