Parks Company reported an increase of $370,000 in its accounts receivable during the year 2015 . The company's statement of cash flows for 2015 reported $1 million of cash received from customers. What amount of net sales must Parks have recorded in 2015?
a. $370,000
b. $1,000,000
c. $1,370,000
d. $630,000
c
You might also like to view...
During the year just ended, the retailer James Corporation purchased $454,000 of inventory. The inventory balance at the beginning of the year was $206,000. If the cost of goods sold for the year was $478,000, then the inventory turnover for the year was:
A. 2.46 B. 2.34 C. 2.63 D. 2.32
Customary pricing refers to
A. a pricing method where the price the seller quotes includes all transportation costs. B. deliberately selling a product below its list price to attract attention to it. C. pricing based on what the market will bear. D. setting a price that is dictated by tradition, a standardized channel of distribution, or other competitive factors. E. setting the same price for similar customers who buy the same product and quantities under the same conditions.
Greg works for Geneva Steel Corporation. Greg's duties include managing the overall processes for the company and transforming the steel resources into goods. Which department would Greg most likely work in?
A. Accounting B. CIO C. Operations management D. Marketing
In addition to greater improvements in life expectancy, what other factor has contributed to a growth in the labor force?
a. Employers have increased job opportunities. b. Employees are entering the workforce at increasingly younger ages. *c. Employees are working more years. d. Employers are offering higher salaries attracting more workers.