[amp_mcq option1=”total goods manufactured” option2=”total cash available” option3=”total revenue” option4=”total goods sold” correct=”option3″]
The correct answer is: C. total revenue.
Cash receipts are added to the beginning cash balance to calculate total revenue. This is because revenue is the total amount of money that a company has earned from its sales. Cash receipts are the actual amount of money that a company has received from its customers. Therefore, by adding cash receipts to the beginning cash balance, a company can calculate its total revenue.
Option A, total goods manufactured, is incorrect because it does not take into account the amount of money that a company has received from its customers. Option B, total cash available, is incorrect because it does not take into account the amount of money that a company has spent. Option D, total goods sold, is incorrect because it does not take into account the amount of money that a company has received from its customers.