[The Following Information Applies to the Questions Displayed Below

question 101

Multiple Choice

[The following information applies to the questions displayed below.]
Ceramic Products,Inc.reports these account balances at January 1,2018 (shown in alphabetical order) :
On January 5,Ceramic Products collected $12,000 of its accounts receivable and paid $11,000 on its note payable.
-In a trial balance prepared on January 6,2018,the total of the credit column is:

• A)$275,000.
• B)$286,000.
• C)$287,000.
• D)$297,000.

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Definitions:

Multiple Products

Refers to a range of different items or SKUs that a company produces or sells.

Postponement

A strategy in logistics and supply chain management that delays product customization until customer orders are received, to reduce inventory and improve responsiveness.

Overall Profits

The total financial gains made by a company after all expenses and costs have been subtracted from total revenues.

Single Product

Refers to a business or production strategy focusing on the manufacture or sale of only one type of product.