The Boat Works Started the Month with $1

question 35

Multiple Choice

The Boat Works started the month with $1.28 million in accounts receivable.Sales for the month were $3.4 million.The firm collects 35% of its sales in the month of sale with the remainder paid the following month.What is the accounts receivable balance at month end?

• A) $2.21 million
• B) $1.19 million
• C) $3.49 million
• D) $2.71 million

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Definitions:

Operational Definitions

Observable operations, procedures, and measurements that are based on the independent and dependent variables.

Internal Validity

The extent to which a study can demonstrate a causal relationship between variables, minimizing the influence of external factors.

Independent Variable

A variable that is manipulated or changed in an experiment to observe its effects on a dependent variable.

Dependent Variable

In experimental research, the variable that is observed and measured to determine the effect of the independent variable, reflecting outcomes or changes.