During 2017 Sedgewick Inc

question 56

Multiple Choice

During 2017 Sedgewick Inc. had sales on account of $528,000, cash sales of $216,000, and collections on account of $336,000. In addition, they collected $5,800 which had been written off as uncollectible in 2016. As a result of these transactions the change in the accounts receivable balance indicates a

• A)$402,200 increase.
• B)$192,000 increase.
• C)$186,200 increase.
• D)$408,000 increase.

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Definitions:

Social Capital

The web of connections between individuals residing and laboring in a specific society, which allows that society to operate smoothly.

Backgrounds

The diverse experiences, cultures, education, and personal histories that individuals bring to a situation or environment, contributing to their perspectives and behaviors.

Cultures

The collective beliefs, customs, arts, and social institutions of a particular group of people or society.

Social Capital Dimension

Aspects of social networks and relationships that facilitate cooperation, trust, and mutual benefit among individuals or groups.