If sales are $680,000 and the beginning and ending balances of Accounts Receivable are $34,400 and $38,400, respectively, the cash collected from customers is:
A. $676,000.
B. $641,600.
C. $684,000.
D. $680,000.
Answer: A
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When we make “blanket judgments,” we tend to think in generalities, thereby ignoring which of the following?
A. similarities B. the people themselves C. groupthink D. differences
Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: January February March Material purchases $12,040 $14,150 $10,970 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $6,500. The budgeted cash payments for materials in January are:
A. $6,500. B. $18,540. C. $9,270. D. $12,520. E. $13,095.
YouEye is developing eye tracking technology that works with an individual's webcam. Instead of needing to spend thousands of dollars on eye tracking equipment and having customers come into labs, firms will be able to utilize everyday webcams to track not only what a person attends to on a computer screen but also his or her emotional reactions to these products. Firms such as YouEye are automating the
A. beta testing process. B. premarket testing process. C. alpha testing process. D. evaluation process. E. concept testing process.
On February 7, 2015, A entered into negotiations with B for the purchase of B's farm. After consulting with an attorney and having the property appraised, B agreed to sell for $750,000. A and B agreed in writing that in exchange for $1,000 then received
from A, B would hold the offer open for nine months. After six months, A wrote B that he was no longer interested in buying the farm. Several days later, A received notice from B that he was negotiating with C to sell the farm for $950,000. A immediately called B, who suggested that if A would agree to pay $875,000 and conclude the deal within 10 days, then B would still be willing to sell to A. A protested that B was driving a hard bargain, but finally agreed by telegram that evening to buy the farm for $875,000 within 10 days. A purchased the farm as agreed and then sought to recover $125,000 from B or alternatively to rescind the purchase (in other words, get out of the contract). What result and why?