On January 1, Year 2, Grande Company had a $75,200 balance in the Accounts Receivable account and a $3800 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $211,000 of service on account. The company collected $264,300 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account.Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is:
A. $2110.
B. $19,850.
C. $264,300.
D. $3860.
Answer: C
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A. experience high costs due to inefficiencies and lack the ability to forecast costs B. allow numerous people to own incidents based on the incident's priority C. have owners manage by exception and only follow up on incidents not being handled in a timely manner D. perform little trend analysis as they have a significant amount of incidents and service requests to handle
Temporary profits that result when absorption costing is used and production exceeds sales are referred to as _________________________
Fill in the blank(s) with correct word
A meta-analysis found that using contingent rewards improves
a. individual performance b. team performance c. organizational performance d. all of the above
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A) $90,000 dollars B) 90,000 units C) $15,000 dollars D) 15,000 units E) 4,286 units