Ocean Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for 2017:1. Sales Revenue, $516,0002. Accounts Receivable, beginning balance, $97,0003. Accounts Receivable, ending balance, $63,000Compute the collections from customers. A.$453,000B.$550,000C.$356,000D.$16 0,000

The answer is B. $550,000

Explanation:

Collection from customers is a line item in operating activities under cash flow. It is the total amount of money business collected from customers for its sales on credit.

Beginning receivable $97,000

Add:

Sales revenue$516,000

Less:

Ending receivable$63,000

Collections from customers-- $550,000

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer; schedule c;