If Accounts Receivable Are $45,000 and Are Directly Proportional to Total

question 5

Multiple Choice

If accounts receivable are $45,000 and are directly proportional to total sales, the forecast accounts receivable for next year's 5% increase in sales to $125,000 would be:

• A) $47,250.
• B) $40,500.
• C) $49,950.
• D) impossible to calculate without last year's credit sales.

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Definitions:

Marx's Theory

Represents the body of thought created by Karl Marx, focusing on the critique of capitalism, the class struggle, and the advocacy for a classless society.

Marxism

A socio-economic theory proposed by Karl Marx, advocating for a classless society and the abolition of private property.

Social Reality

The sum of the social constructs created by human beings, including beliefs, institutions, and social dynamics, that define and shape everyday life.

Labor Power

The ability of workers to perform work for the purpose of creating goods or services.