ABC Company Had a Beginning Accounts Receivable Balance of $10,000

question 116

Multiple Choice

ABC Company had a beginning Accounts Receivable balance of $10,000, and had $12,000 of sales on account for the month. The ending Accounts Receivable balance was $14,000. Collections on Accounts Receivable for the month:

• A)were $12,000.
• B)were $36,000.
• C)were $8,000.
• D)can't be determined from the information given.

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Definitions:

Specialty Electronics Stores

Retail outlets focused on selling specific or high-end electronic goods and gadgets to a niche market.

Indirect Marketing Channel

A pathway for selling products or services that involves intermediaries or middlemen between the producer and the consumer.

Mass Market

The mass market refers to a large, undifferentiated market of consumers with widely varied backgrounds who might be interested in purchasing similar products.

Digital Marketing Channels

Platforms or mediums used to promote products or services online, including social media, email, search engines, and websites.