The Accounts Receivable for Note Corporation Was $240,000 at the Beginning

question 98

Multiple Choice

The accounts receivable for Note Corporation was $240,000 at the beginning of the year and $260,000 at the end of the year. If the accounts receivable turnover for the year was 8 and 20% of the total sales were cash sales, the total sales for the year were:

• A) $2,600,000
• B) $2,000,000
• C) $2,400,000
• D) $2,500,000

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Definitions:

Human Body Cell

The basic structural, functional, and biological unit of all known living organisms, specialized to perform tasks essential for the body's development and maintenance.

Genome

The full set of genes that are the instructions to make an individual member of a certain species.

Genes

Units of heredity made up of DNA that influence the development and functions of an organism.

Homozygous

Referring to two genes of one pair that are exactly the same in every letter of their code. Most gene pairs are homozygous.