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Answer:
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Answer:
$7,360
Explanation:
To determine the amount of cash inflow from customers open a Total Receivable Account and determine the Cash Balance.
Total Receivable T - Account
<u><em>Debit :</em></u>
Beginning Balance $1,920
Credit Sales $7,160
Total $9,080
<u><em>Credit :</em></u>
Uncollectable expense $500
Cash Received (Balancing figure) $7,360
Ending Balance $1,220
Total $9,080
Conclusion :
the amount of cash inflow from customers is $7,360
Based on microeconomic theory, <u>Total</u> costs refer to the sum of the fixed and variable costs for any given level of production.
<h3>What makes Total Cost?</h3>
Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.
<h3>Components of Total Cost </h3>
The components of Total Cost include the following:
- Prime cost
- Factory cost
- Office cost
- Cost of sales, etc.
Hence, in this case, it is concluded that the correct answer is "<u>Total Cost."</u>
Learn more about Total Cost here: brainly.com/question/25109150
Answer:
The name for choosing one alternative from among several options is decision making.
Explanation:
Decision-making is the selection of best outcome among alternative courses of action. It involves the definition of problem, the identification of various alternatives, the identification of various outcomes, the evaluation of various outcomes based on pay-off and the selection of best outcome among alternative courses of action.