Revere,Inc

question 152

Multiple Choice

Revere,Inc.reported $23,400 in A/R in 2014 and $25,100 in A/R in 2013.The percentage change in A/R from 2013 to 2014 was:

• A)+6.77%.
• B)+7.26%.
• C)-6.77%.
• D)-7.26%.

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Definitions:

Economic Models

Simplified representations of complex economic processes, used to predict or analyze economic behaviors and outcomes.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

National Debt

The net accumulation of federal budget deficits.

Rate of Unemployment

The percentage of the labor force that is jobless and actively seeking employment.