Kyoto Industries Began the Year with $81,500 in Accounts Receivable

question 16

Multiple Choice

Kyoto Industries began the year with $81,500 in Accounts Receivable and ended the year with $79,200 in Accounts Receivable. Sales for the year were $2,100,000. The cash collected from customers during the year amounted to:

• A)$2,097,700.
• B)$2,181,500.
• C)$2,102,300.
• D)$2,179,200.

---

Definitions:

Maslow's Theory

A psychological theory of human motivation that suggests individuals are motivated to fulfill basic needs before moving on to higher level needs, arranged in a hierarchy.

Peace

A state of tranquility or quietness, often used to describe the absence of war, conflict, or disturbance in a social or personal context.

Productivity

The measure of efficiency in converting inputs into useful outputs, often used to gauge the effectiveness of an individual, team, organization, or economy.

Volunteers

Individuals who offer their time, skills, and effort to a cause or organization without financial compensation.