Costs that depend on the number of units produced are called
A. markup.
B. operational expenses.
C. fixed costs.
D. variable costs.
E. overhead.
Answer: D
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Culpepper Inc had the following information related to last year's sales: Cash sales $245,000 Credit sales 150,000 Accounts receivable - beginning 21,500 Accounts receivable - ending 15,000 What amount would be reported as "cash collections from customers" on the statement of cash flows using the direct method?
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