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:

J-Shaped

Describing a curve or graph that looks like the letter "J," often used to illustrate specific growth patterns or statistical trends.

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.

Demographic Transition

A model describing how the birth and death rates of a population change over time as a country develops from pre-industrial to industrial economic system.

Environmental Resistance

Factors in the environment that limit the growth, abundance, or distribution of an organism or a population of organisms.