Cash Revenues in a Particular Year Are Equal to Sales

question 36

Multiple Choice

Cash revenues in a particular year are equal to sales less:

• A) the change in capital investment.
• B) the change in accounts payable.
• C) the change in NWC.
• D) the change in accounts receivable.

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Definitions:

Utility Maximization

An economic principle that suggests consumers aim to get the greatest satisfaction possible from their available resources.

Consumer's First

A philosophy or policy placing consumer interests and satisfaction at the forefront of business decision-making.

Marginal Utility-To-Price Ratio

The comparison of the additional satisfaction received from consuming one more unit of a good to the price of that unit, used to maximize utility.

Utility Maximization

The concept in economics that individuals or households will attempt to get the greatest satisfaction possible from their available resources.