At the Beginning of the Financial Year,trade Receivables Are £4,560

question 8

Multiple Choice

At the beginning of the financial year,trade receivables are £4,560 and trade payables are £3,780.Cash received from receivables in the year are £38,240 and cash paid to payables are £18,040.Closing receivables are £2,268 and closing payables are £4,040.
What are the sales of the business in the year?

• A) £40,508
• B) £22,080
• C) £35,948
• D) £18,300

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Definitions:

Stability

The state or quality of being stable; resistance to change, deterioration, or displacement.

Equilibrium

A state of balance or stability within a system, achieved when various forces or influences are equal and oppositional forces are neutralized.

Natural State

Hobbes’s conception of the human condition before the emergence of formal social structures.

Government

A system or organization through which a community or nation is ruled and regulated.