If an Accountant Establishes the Sales for the Month and Adds

question 16

Multiple Choice

If an accountant establishes the sales for the month and adds the beginning balance of accounts receivable and subtracts the accounts receivable balance at the end of the month,this would determine

• A)cash collections from customers for the month.
• B)net income for the month
• C)total assets less liabilities for the month.
• D)cash payments to vendors for the month.
• E)total sales in cash for the month.

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Definitions:

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Coordinated strategies that companies use to promote and sell their products or services to their target audience.

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Different versions of a product that a company offers to meet varied customer needs or preferences.