On January 1,2011,Company Z Had Accounts Receivable of $4,000

question 89

Multiple Choice

On January 1,2011,Company Z had accounts receivable of $4,000.During the year,Company Z sold $100,000 of merchandise to credit customers.At December 31,2011,Company Z had accounts receivable of $5,000.How much cash did the company collect from credit customers during the year?

• A)$105,000
• B)$101,000
• C)$99,000
• D)$95,000

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Definitions:

Arbitrary Governments

Forms of government characterized by unchecked power and authority, often leading to decisions based on personal whims or discretion rather than laws or ethical standards.

Economic Rights

Refers to rights that allow individuals to engage in activities necessary for the production, distribution, and consumption of goods and services.

McCarren-Walter Act

A United States federal law enacted in 1952, also known as the Immigration and Nationality Act, which set quotas on immigrants based on national origin and allowed the government to deport immigrants or naturalized citizens engaged in subversive activities.

Political Prisoners

Individuals imprisoned because they opposed or criticized their government's policies, often held without fair trial.