If the Cash Collections from Customers Amounted to $634,800 and the Accounts

question 47

Multiple Choice

If the cash collections from customers amounted to $634,800 and the Accounts Receivable account decreased $19,400 during the same period,sales for the period were:

• A) $615,400
• B) $634,800
• C) $654,200
• D) indeterminable from the information given

---

Definitions:

Cooperation

A process where groups of individuals or organizations work together to achieve mutual benefits or common goals.

Clayton Act

A U.S. antitrust law, passed in 1914, aimed at promoting fair competition and preventing monopolies by prohibiting certain types of discriminatory prices, mergers, and acquisitions.

Sherman Antitrust Act

A landmark federal statute in the United States passed in 1890 aimed at regulating competition among enterprises, prohibiting monopolistic practices and promoting fair competition.

Tying

A form of anti-competitive practice where a seller requires the buyer to purchase another one of their products as a condition of buying the desired product.