Data Solutions Reports Sales of $100 Million

question 124

Multiple Choice

Data Solutions reports sales of $100 million.Accounts receivable at the beginning and end of the year are $6 million and $9 million,respectively.What is the amount of cash received from customers?

• A)$100 million.
• B)$103 million.
• C)$97 million.
• D)$109 million.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the amount of that good that consumers are willing to purchase at various prices.

Elastic Segment

A portion of the demand curve where consumers are highly responsive to changes in price, indicating elasticity.

Total Revenue

The total amount of money received by a company for goods sold or services provided during a specific period.

Maximize Profits

The process of making the highest possible profit from business operations.