Given the Following Information for Rat Rack Corporation: Cost of Goods

question 95

Multiple Choice

Given the following information for Rat Rack Corporation: cost of goods sold $35,500,sales $65,000,increase in accounts receivables $4,200.Their receipts from customers total would be:

• A) $60,800
• B) $69,200
• C) $33,700
• D) $25,300

---

Definitions:

Blockchain

A decentralized digital ledger technology where transactions are recorded with an immutable cryptographic signature called a hash.

Secure Digital Transactions

Electronic payment processes that utilize encryption and security protocols to ensure the safe transfer of financial data over the internet.

Nonfinancial Businesses

Nonfinancial businesses are companies that primarily focus on producing goods and providing services unrelated to the financial services sector.

Real Asset(s)

Physical or tangible assets that have intrinsic value due to their substance and properties, such as real estate, commodities, and natural resources.