The Balance in Accounts Receivable at the Beginning of 2016

question 141

Multiple Choice

The balance in accounts receivable at the beginning of 2016 was $300.During 2016,$1,600 of credit sales were recorded.If the ending balance in accounts receivable was $250 and $100 in accounts receivable were written off during the year,the amount of cash collected from customers during 2016 was:

• A)$1,600.
• B)$1,650.
• C)$1,550.
• D)$1,900.

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Definitions:

Specialized Tools

Tools designed for specific tasks or functions, often used to improve efficiency and performance in particular applications.

Labour Costs

Expenses related to compensating employees for their work, including wages, benefits, and any associated taxes.

Equitable Pay

Compensation practices that ensure fair pay for employees based on their role, experience, and performance, regardless of gender, ethnicity, or other irrelevant factors.

Quality of Work Life

A concept that involves the enhancement of work conditions, job satisfaction, and workplace environment to improve the productivity and well-being of employees.