Given the following information for Rat Rack Corporation: cost of goods sold $35,500,sales $65,000,increase in accounts receivables $4,200.Their receipts from customers total would be:
A) $60,800
B) $69,200
C) $33,700
D) $25,300

Question

Quizplus · Accepted Answer

The receipts from customers can be calculated by subtracting the increase in accounts receivables from sales: $65,000 - $4,200 = $60,800.

Given the Following Information for Rat Rack Corporation: Cost of Goods