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Question 4 (1 point) A company has $500,000 in sales and the Accounts Receivable balance increased from $15,000 in 2018 to $2
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Answer  c) 490,000 $

Cash receipts of the company are calculated as
=Total sales of the company in the year - Change in receivables

sales = 500,000 $
Change in receivables = 25000-15000
=10,000$

Cash receipts
= 500000-10000
=490,000 $

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