Using the Following Information: During 2011, Sales on Account

question 204

Multiple Choice

Using the following information: During 2011, sales on account were €290,000 and collections on account were €172,000.Also during 2011, the company wrote off €16,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at €108,000. The change in the cash realizable value from the balance at 12/31/10 to 12/31/11 was a

• A)€100,000 increase.
• B)€118,000 increase.
• C)€84,000 increase.
• D)€102,000 increase.

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Definitions:

Research Hypothesis

Posits an expected causation, correlation, or difference between studied variables, formulated for scientific testing and verification.

Null Hypothesis

The default hypothesis in statistical testing that assumes no effect or difference, stating that any observed variability is due to chance.

Directional

Pertains to hypothesis testing or research questions that specify the direction of the expected relationship or difference between variables.

Entire Population

Refers to all members or elements of a defined group or category that a researcher is studying.