If Cash Collected from Customers for 2013 Is $780,000 and Accounts

question 166

Multiple Choice

If cash collected from customers for 2013 is $780,000 and accounts receivable increased by $20,000 during the year, what were sales for 2013?

• A) $600,000
• B) $780,000
• C) $800,000
• D) Cannot be determined from information given.

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Definitions:

Units

Standard measurements or quantities used to specify or quantify production, inventory, or sales in business operations.

Property Taxes

Property Taxes are levied by local governments based on the assessed value of property, including land and buildings owned.

Sales Volume

The total quantity of products or services sold by a company in a specific period.

Units

Units refer to a measure or quantity of something, often used to quantify inventory, production, or sale items in business contexts.