Using the Following Information: During 2014, Sales on Account

question 58

Multiple Choice

Using the following information: During 2014, sales on account were €290,000 and collections on account were €172,000. Also during 2014, the company wrote off €16,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at €118,000. The change in the cash realizable value from the balance at 12/31/13 to 12/31/14 was a

• A) €134,000 increase.
• B) €118,000 increase.
• C) €74,000 increase.
• D) €102,000 increase.

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Definitions:

Cultural Sensitivity

The awareness and appreciation of cultural differences and similarities, and the incorporation of this understanding into one's behaviors, attitudes, and practices.

Cultural Influences

The effects that the values, beliefs, and practices of a culture have on individuals' behaviors, attitudes, and perceptions.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., within a group or organization.

Psychoeducational Groups

Psychoeducational groups are structured gatherings designed to educate participants about mental health issues and coping strategies, often used in therapy or counseling settings.