Caler Corp reported the following information for 2016 and 2017. Accounts receivable, December 31, 2016 $ 67,000 Accounts receivable, December 31, 2017 63,000 Sales (all on credit)—2017 745,000 How much cash was collected from customers during 2017?

a. $741,000
b. $745,000
c. $749,000
d. $753,000


c

Business

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Indicate whether the statement is true or false

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a. True b. False Indicate whether the statement is true or false

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Blacklaw in a signed letter to Ekis made the following request (offer): "Ship promptly 100 dozen of the new light saver type light bulbs." This offer

a. may be accepted only by a prompt shipment. b. may be accepted only by a prompt promise to ship. c. may be accepted by either a prompt promise to ship or a prompt shipment. d. is invalid because no price was mentioned.

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Fill in the blank(s) with correct word

Business