Kendrick Company Began the Current Year with the Following At the End of the Current Year, the Company Showed

question 66

Multiple Choice

Kendrick Company began the current year with the following: During the current year, the following events occurred:
$\begin{array}{cc}1,200 & \text { Accounts written off } \\30,000 & \text { Sales on account } \\2,000 & \text { Bad debt expense recognized }\end{array}$ At the end of the current year, the company showed a balance in gross accounts receivable (before the allowance for doubtful accounts) of $16,800.
What amount would be shown as an operating cash inflow in the statement of cash flows under the indirect method?

• A)$21,000
• B)$22,000
• C)$30,000
• D)$28,200

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Definitions:

Marketing Strategy

Marketing Strategy is a company's comprehensive plan, including its activities and tactics, aimed at effectively promoting its products or services to its target market to achieve its business objectives.

Playbook

A comprehensive guide outlining strategies, practices, and guidelines in a particular field or for a specific process to achieve desired outcomes.

Situation Analysis

An assessment conducted by an organization to identify its internal strengths and weaknesses, along with external opportunities and threats to craft strategic plans.

Competitive Forces

The various external pressures that businesses face in the marketplace, including competition from other firms, the bargaining power of suppliers and customers, and the threat of new entrants and substitute products.