Assume That the Accounts Receivable Balances Are $110,000, $112,000 and $116,000

question 138

Multiple Choice

Assume that the accounts receivable balances are $110,000, $112,000 and $116,000 for 2021, 2022, and 2023, respectively.The trend percentage for 2023 is

• A)3.6%.
• B)5.5%.
• C)103.6%.
• D)105.5%.

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Definitions:

Reference Checking

The process of contacting previous employers, colleagues, teachers, or other individuals to verify the background, capabilities, and qualifications of a job applicant.