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What the cash received from customers for the year is

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Reference no: EM132762846

Problem 1: If $20,000 is owed by customers at the beginning of the year, $15,000 is owed at the end and credit sales are $100,000, the cash received from customers for the year is:

A. $120,000
B. $115,000
C. $100,000
D. $95,000
E. $105,000

Problem 2: If year one equals $800, year two equals $830 and year three equals $896, the value given to year three in a trend analysis, with year one as the base year (100%), is

A. 89%
B. 100%
C. 105%
D. 112%
E. None of the above

Reference no: EM132762846

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