Determine the Amount of Cash Received from Customers for Each

question 16

Essay

Determine the amount of cash received from customers for each of the two independent situations below. $$\begin{array} { | c | c | c | c | } \hline \text{Situation} & \begin{array} { c } \text { Sales } \\\text { Situation }\end{array} & \begin{array} { c } \text { Accounts } \\\text { receivable } \\\text { revenue }\end{array} & \begin{array} { c } \text { Cash } \\\text { received } \\\text { from } \\\text { customers }\end{array} \\\hline 1 & \$ 300,000 & \$ 10,000 & ? \\\hline 2 & 300,000 & ( 10,000 ) & ? \\\hline\end{array}$$

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Definitions:

Cultural Factors

Elements that influence behaviors, beliefs, and practices, which are derived from social norms, traditions, and values of a culture.

Child Protective Services

Government agencies tasked with responding to reports of child abuse or neglect and providing services to protect and support affected children.

Confidentiality

The principle of keeping certain information private and not disclosing it without the consent of the person it pertains to.

Physical Needs

Basic requirements including food, water, air, and shelter that are necessary for survival.