A Business Collects Cash from a Customer in Payment of Accounts

question 42

Multiple Choice

A business collects cash from a customer in payment of accounts receivable. Which account is credited?

• A)Accounts receivable
• B)Supplies
• C)Cash
• D)Service revenue

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Definitions:

Just Noticeable Threshold

The minimum difference in stimulation that a person can detect 50% of the time; also known as the difference threshold.

Signal-detection Threshold

The sensory level at which a stimulus is detected 50% of the time, highlighting the ability to identify under conditions of uncertainty.

Psychophysics

The scientific study of the relationship between stimuli and the sensations and perceptions they produce.

Vision Scientist

A researcher who studies the physiology of vision, visual processing, and perception.