Phillips Co

question 87

Multiple Choice

Phillips Co.reported total credit sales of $460,000 for Year 2.Its accounts receivable totaled $70,000 and $100,000 at the beginning and end of the year,respectively.What was the cash collected from customers during Year 2?

• A)$530,000
• B)$460,000
• C)$490,000
• D)$430,000

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Definitions:

Temperature Fluctuations

Variations in temperature over a period of time, which can be natural or induced by human activity.

Shivering

An involuntary response to cold, consisting of muscle tremors that generate heat and increase body temperature.

Drive Theory

A theory suggesting that motivation arises from biological or physiological needs that push individuals to satisfy them and restore balance.

Homeostasis

The ability of organisms or cells to regulate their internal environment and maintain a stable, constant condition in response to external changes.