-Refer to Above Table to Answer This Question

question 74

Multiple Choice

-Refer to above table to answer this question.Supposing that there are 200 workers in Potter,how many swords could be produced if 540 broomsticks were produced?

• A)0 swords.
• B)110 swords.
• C)120 swords.
• D)330 swords.

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Definitions:

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Direct Write-off Method

An accounting method where uncollectible debts are directly removed from the accounts receivable balance when they are deemed irrecoverable.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

Accounts Receivable

Amounts receivable by a company from its clientele for products or services provided, awaiting payment.