The Balance of the Accounts Receivable Balance of XYZ Pty

question 14

Multiple Choice

The balance of the accounts receivable balance of XYZ Pty Ltd was $23 000 at the beginning of the financial year ended 30 June and $27 000 at the end of the period. The total credit sales for the company for the financial year was $132 000. Bad debts write-off totalled $5500. What was the total of the cash received from accounts receivable during the year?

• A) $118 500
• B) $122 500
• C) $128 000
• D) $133 500

Understand the concept of meritocracy and its implications in the education system and workforce.

Grasp the role and impact of credentialization in job market and educational institutions.

Recognize the influences of socialization processes within educational settings.

Identify and analyze the phenomenon of the "McDonaldization" of education.

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Definitions:

Biological Makeup

The genetic and physiological characteristics that define an organism, including its cellular, structural, and functional attributes.

Surrounding Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group, or the broader context of an individual's environment.

Basic Tastes

The fundamental groups of taste sensations that humans can detect, traditionally identified as sweet, sour, salty, bitter, and umami.

Umami

One of the five basic tastes, described as savory or meaty, due to the presence of glutamate.