What Was the Percentage of Decrease in the Accounts Receivable

question 13

Multiple Choice

What was the percentage of decrease in the Accounts Receivable account if the receivables were $87,000 in Year 1, and $67,000 in Year 2? (Round your answer two decimal places, X.XX%.)

• A) -22.99%
• B) 29.85%
• C) -29.85%
• D) 22.99%

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Definitions:

ISP

Internet Service Provider, a company that provides customers access to the Internet and related services.

Rural Areas

Regions located outside towns and cities, often characterized by lower population density and primarily agricultural land use.

Peer-To-Peer Processing

A distributed network architecture where each participant (peer) has equivalent capabilities and responsibilities, differing from traditional client-server models.

Fat Clients

Fat clients, also known as thick clients, are computers in a client-server architecture that handle the bulk of data processing operations themselves, rather than relying on a server.