Accounts Receivable Was $45,000 at the Beginning of the Year

question 58

Multiple Choice

Accounts Receivable was $45,000 at the beginning of the year and 55,000 at the end of the year. The percentage change and direction of change for the year was:

• A)22% decrease.
• B)22% increase.
• C)18% decrease.
• D)18% increase.

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Definitions:

High Self-monitoring

A personality trait characterized by a high level of sensitivity to social cues and adaptability in behavior depending on the situation.

Emotional Stability

A personality trait characterized by the ability to remain calm, composed, and steady, especially under stress or during challenging situations.

External Locus

A belief that one's life events are predominantly controlled by external forces or circumstances beyond one's personal control.

Short Tenure

A brief period of time someone holds a particular title, office, or position.