Simmons Company Began the Month with a Balance of $80,000

question 7

Multiple Choice

Simmons Company began the month with a balance of $80,000 in Accounts Receivable.An analysis of the account determined that sales on account for the month totaled $110,000.At the end of the month,the balance in Accounts Receivable was $85,000.From this information,it can be determined that Simmons Company had collections from customers on account of:

• A)$30,000.
• B)$55,000.
• C)$95,000.
• D)$105,000.

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Definitions:

Page Principles

A set of guidelines established by Arthur W. Page that outline the best practices for effective corporate public relations.

Relevance

The degree to which something is related or useful to what is happening or being talked about.

Corporate Social Responsibility

Encompasses a company's efforts to improve society in ways that go beyond the interests of the firm and that which is required by law.

1960s

A decade known for significant social, political, and cultural change, including advancements in civil rights, environmental awareness, and global relations.