Outlaw, Inc

question 88

Multiple Choice

Outlaw, Inc. began the year with $279,000 in Accounts Receivable and ended the year with $232,700 in Accounts Receivable. Sales for the year were $3,870,000. The cash collected from customers during the year amounted to:

• A) $4,149,000.
• B) $4,102,700.
• C) $3,916,300.
• D) $3,823,700.

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Definitions:

Net Operating Income

The profit generated from a company's regular business operations, excluding deductions of taxes and interest.

Legumes Division

A segment within a company that focuses on the production, distribution, and sale of legume-based products.

Net Operating Income

A company's income after all operating expenses, excluding taxes and interest, have been deducted from total revenues.

Return On Investment (ROI)

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.