Byfort Company Reports the Following in Its Financial Statements *All Sales Are on Credit

question 29

Multiple Choice

Byfort Company reports the following in its financial statements:
$$\begin{array} { | l | c | c | } \hline & \underline { 2005 } & \underline { 2006 } \\\hline \text { Accounts Receivable, net } & \$ 34,289 \mathrm {~K} & \$ 29,678 \mathrm {~K} \\\hline \text { Net sales } & \$ 360,007 \mathrm {~K} & \$ 450,000 \mathrm {~K} \\\hline\end{array}$$ *All sales are on credit.
-How much did the company collect in cash from debtors during 2006?

• A) $445,389K
• B) $454,611K
• C) $484,289K
• D) $488,900K

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Definitions:

CRM Process

Customer Relationship Management process, involving strategies and technologies used by companies to manage and analyze customer interactions and data throughout the customer lifecycle.

Customer Relationships

The ongoing interactions and engagements a business has with its customers, aiming to foster loyalty and satisfaction.

OTC Cycle Variability

The fluctuations in the duration and efficiency of Over-The-Counter (OTC) drug marketing and sales processes.