Which Statement Best Summarizes the Essence of Chemical Evolution

question 38

Multiple Choice

Which statement best summarizes the essence of chemical evolution?

• A)Energy in the form of sunlight or heat was transformed into chemical energy.
• B)Instead of being radiated back to space,energy in the form of sunlight or heat was retained in the oceans and atmosphere because of water's high specific heat.
• C)Entropy increased.
• D)An increasing number of exothermic reactions occurred.

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Definitions:

Aging Schedule

An aging schedule is an accounting table that shows the breakdown of accounts receivables according to the length of time an invoice has been outstanding.

Allowance for Doubtful Accounts

A contra-account reduced from accounts receivable on a company's balance sheet that represents the amount of sales that are expected not to be collected.

Accounts Receivable

Debts that customers have towards a business for items or services received but payment is outstanding.

Interest Calculation

The process of determining the interest charge on a loan or financial investment, based on the principal amount, rate, and time.