Caler Corp How Much Cash Was Collected from Customers During 2018?

question 60

Multiple Choice

Caler Corp.reported the following information for 2017 and 2018: $\begin{array}{lr}\text { Accounts receivable, December } 31,2017 & \$ 67,000 \\\text { Accounts receivable, December 31,2018 } & 63,000 \\\text { Sales (all on credit) -2018 } & 745,000\end{array}$ How much cash was collected from customers during 2018?

• A)$741,000
• B)$745,000
• C)$749,000
• D)$753,000

---

Definitions:

Edward Titchener

A psychologist known for developing the theory of structuralism and promoting the use of introspection in psychological research.

Mental Processes

The internal cognitive activities of the mind, including thinking, memory, decision-making, and perception.

Clinical Psychology

A branch of psychology focused on diagnosing and treating mental illness, emotional disturbances, and dysfunctional behavior.

Talking

The process of communicating or expressing thoughts and feelings through verbal language.