During 2016,a Company Makes Credit Sales of $600 000,of Which

question 27

Multiple Choice

During 2016,a company makes credit sales of $600 000,of which $350 000 is collected at year-end.It pays $220 000 in expenses and owes $20 000 for electricity used during 2016.Profit according to accrual accounting is:

• A) $130 000.
• B) $380 000.
• C) $360 000.
• D) $710 000.

---

Definitions:

Digital Information

Data that is encoded digitally, enabling storage, processing, and transmission by electronic devices, contrasting with analog formats.

Recommendation Engine

A system that suggests products, services, or information to users based on analysis of data, typically employing algorithms for personalized experiences.

Raw Data

Information that has not been processed or analyzed, typically coming directly from a source without any cleaning or modification.

Annual Salaries

The total amount of money that an employee is paid each year by their employer.