Caler Corp How Much Cash Was Collected from Customers During 2017?
A)

question 81

Multiple Choice

Caler Corp.reported the following information for 2016 and 2017. $\begin{array}{lr}\text { Accounts receivable, December } 31,2016 & \$ 67,000 \\\text { Accounts receivable, December 31,2017 } & 63,000 \\\text { Sales (all on credit) -2017 } & 745,000\end{array}$ How much cash was collected from customers during 2017?

• A) $741,000
• B) $745,000
• C) $749,000
• D) $753,000

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Definitions:

Potency Bias

A cognitive bias that affects how people perceive the power or influence of others, often overstating the strength of those in leadership or authority positions.

Hostile Attribution Bias

The tendency to interpret others' behaviors as having hostile intent, even when the behavior is ambiguous or benign.

Underlying Defense Mechanism

A subconscious psychological strategy employed to protect a person from anxiety arising from unacceptable thoughts or feelings.

Implicit Assumption

An underlying belief or principle that is accepted without question or evidence.