The Following Information Is Related to December 31, 2013 Balances

question 6

Multiple Choice

The following information is related to December 31, 2013 balances. During 2014 sales on account were $195,000 and collections on account were $115,000. Also, during 2014 the company wrote off $11,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $72,000. The change in the cash realizable value from the balance at 12/31/13 to 12/31/14 was

• A) $68,000 increase.
• B) $80,000 increase.
• C) $57,000 increase.
• D) $69,000 increase.

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Definitions:

Organelle

Specialized structures within a cell that perform specific functions necessary for the cell's life.

ATP Energy

The primary energy carrier in all living organisms, ATP (adenosine triphosphate) provides energy for various biological processes by releasing energy when it's broken down into ADP (adenosine diphosphate).

Motor Recruitment

Motor recruitment is the process by which muscles increase their force of contraction by activating more motor units.

Acetylcholine

A neurotransmitter and chemical that motor neurons of the nervous system release in order to activate muscles.