On December 1,the Accounts Receivable Account Had a $5,000 Balance

question 66

Multiple Choice

On December 1,the Accounts Receivable account had a $5,000 balance.The business received $400 during the month from its charge-account customer.After posting this transaction,the new balance in the Accounts Receivable account is

• A) a $4,600 credit balance.
• B) a $4,600 debit balance.
• C) a $5,400 debit balance.
• D) a $5,400 credit balance.

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Definitions:

Advertising Emphasis

The focus or priority placed on advertising efforts within a company's overall marketing strategy.

Selective Demand

Demand for a specific brand or product without regard for available substitutes, often as a result of successful branding.

Product Life Cycle

The sequence of stages that a product moves through, starting from its introduction, advancing to growth, reaching maturity, and finally declining in the market.

Growth Stage

A phase in the product life cycle characterized by rapid market expansion, increased sales, and the successful establishment of a product in the market.