A, The charter of a corporation provides for the issuance of 129,000 shares of common stock. Assume that 62,000 shares were originally issued and 11,500 were subsequently reacquired. What is the number of shares outstanding?

a.50,500

b.129,000

B, Based on the following data, what is the accounts receivable turnover?

Sales on account during year	$537,108
Cost of goods sold during year	209,787
Accounts receivable, beginning of year	48,384
Accounts receivable, end of year	47,014
Inventory, beginning of year	81,376
Inventory, end of year	103,144

a.11.1

b.11.3

c.5.2

d.2.6

c.11,500

d.62,000

C, Sales reported on the income statement were $275,620. The accounts receivable balance declined $21,790 over the year. Determine the amount of cash received from customers.

$?