For the month of December, the records of Former Corporation show the following information: Cash received on accounts receivable .................. $ 70,000 Cash sales ............................................ 60,000 Accounts Receivable, December 1 ....................... 160,000 Accounts Receivable, December 31 ...................... 148,000 Accounts Receivable written off as uncollectible
...... 2,000 The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What are the gross sales for the month of December?
a. $144,000
b. $130,000
c. $118,000
d. $120,000
D
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When looking at an organization as a whole, one needs to visualize how it fits into its overall environment and understand how each part relates to the others. What management skill is this?
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Answer the following statement true (T) or false (F)
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