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%.

---

Definitions:

New Product

Describes a good or service that has recently been introduced to the market by a company.

First Development

The initial phase of growth or advancement in an area, organization, or system, marking the beginning of significant progress or change.

Process Innovation

The improvement or development of new methods in the production process, enhancing efficiency or productivity.

Total Product Curve

A graphical representation showing how total output of a firm varies with a change in a single input while holding other inputs constant.