Question 21 Not yet answered Points out of 1 P Flag question Hadoop Company sells one product to its customer. Terms of Sales are: 40% in cash collected in the same month of sale and 60% collected in following month of sale. The following sales information are related to October and November of 2018 (all values in dollars) Month of Sale Total Sales for the Month October 10,000 November 25,000 Based on the above information, the total cash received in November 2018 is (all values in dollars): Select one: a. 10,000 b. 16,000 c. 14,000 d. 12,000 Question 22 Not yet answered Points out of 1 P Flag question A consulting firm that provides consulting services to its clients had the following data for 2014: Accounts Receivable on January 1, 2014 amounted to $28,000 Accounts Receivable on December 31, 2014 amounted to $50,000 Cash collected from clients during the year amounted to $270,000. Following generally accepted accounting principles, which of the following should be reported on the firm's income statement as Consulting Revenue for 2014: Select one: a. $270,000 b. $320,000 c. $292,000 d. $248,000