Vital Corporation Reports Beginning Accounts Receivable of $70,200 and Ending

question 141

Multiple Choice

Vital Corporation reports beginning accounts receivable of $70,200 and ending accounts receivable of $67,900.If sales revenue on account is $950,200,how much cash must have been collected from customers during the period?

• A) $952,500
• B) $882,300
• C) $880,000
• D) $947,900

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Definitions:

DME

Durable Medical Equipment; devices or aids prescribed for patient use to aid in a better quality of living.

Cooperative Behaviour

Actions by individuals that contribute to a common goal and often involve working together towards achieving that goal.

Evolutionary Biologists

Scientists who study the process of evolution and the genetic and environmental factors that drive changes in organisms over generations.

Cathartic Behaviour

Cathartic behavior involves activities or actions that release emotional tension and lead to a sense of purification or relief.