Ocean Auto Parts Company Uses the Direct Method to Prepare

question 81

Multiple Choice

Ocean Auto Parts Company uses the direct method to prepare its statement of cash flows.Refer to the following information reported for 2017: 1.Sales Revenue,$520,000
2.Accounts Receivable,beginning balance,$99,000
3.Accounts Receivable,ending balance,$62,000
Compute the collections from customers.

• A)$557,000
• B)$458,000
• C)$161,000
• D)$359,000

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Definitions:

Retailer Branding

This refers to the process where retailers develop a brand name and identity to distinguish themselves and their private-label products from competitors.

Multiproduct Branding

A branding strategy where a company uses one name for all its products in a product class.

Multibranding

A marketing strategy that involves a company using multiple brand names for a range of products to maximize market segment coverage.

Private Branding

A marketing strategy where products are manufactured by one company but branded and sold under another company's brand.