In the First Month of Operations, the Total of the Debit

question 108

Multiple Choice

In the first month of operations, the total of the debit entries to Delaney Company's cash account amounted to $2,100 and the total of the credit entries to the company's cash account amounted to $1,400. The balance of the cash account at the end of the month is a

• A) $2,800 credit balance.
• B) $2,100 debit balance.
• C) $700 debit balance.
• D) $700 credit balance.

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Definitions:

Responsiveness

Refers to the ability of a system or organization to react quickly and effectively to changes, demands, or opportunities.

Efficiency

The ability to accomplish a task or a set of tasks with the minimum amount of resources, time, and waste.

Pricing Scheme

A strategy or formula used to determine the selling price of goods or services.

Speed of Shipping

The rate at which goods are moved from the point of production or storage to their final destination.