Maxwell Furniture Center had accounts receivable of $ 20, 000 at the beginning of the year and $ 54, 000 at year-end. Revenue for the year totaled $ 116, 000. How much cash did the business collect from customers?

A. $ 150, 000
B. $ 62, 000
C. $ 116, 000
D. $ 82, 000

Ans: D. $ 82, 000

Business

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Joe is an accountant and plans to join a group of accountants. He compares a group in a general partnership with a group in a limited liability partnership (LLP). What is one advantage of the LLP that he would be particularly interested in?

(A) Joe would pay fewer taxes as a limited liability partner. (B) Joe would make a higher percentage of the profits as a limited liability partner. (C) Joe's personal property would not be at risk as a limited liability partner. (D) Joe would not be liable if another partner were to make a mistake.

Business

Vast numbers of consumers are aware of your product. It is now your goal to enhance preference for your product. You plan to use nonpersonal communications through print media. This will include all of the following EXCEPT ________

A) newspapers B) magazines C) banner advertising D) flyers E) signs

Business