Avatar Company Uses the Direct Method to Prepare Its Statement

question 81

Multiple Choice

Avatar Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2015: 1) Sales Revenue, $515,000
2) Accounts Receivable, beginning balance, $92,000
"3) Accounts Receivable, ending balance, $57,000
In the operating activities section of the statement of cash flows, what amount will be shown for collections from customers?"

• A)$550,000
• B)$458,000
• C)$149,000
• D)$366,000

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Definitions:

Organizational Issues

Challenges or problems within an organization that affect its operations or employee performance.

Internal Referencing Strategy

A method of assessment or evaluation that compares current performance with past performances within the same entity.

Measured Outcomes

Refers to the specific, quantifiable results obtained from implementing strategies, programs, or interventions.

Organizational Outcomes

The results or impacts of organizational activities, including productivity, employee retention, profitability, and customer satisfaction.