What Was the Percentage of Change in Accounts Receivable If

question 16

Multiple Choice

What was the percentage of change in Accounts Receivable if the balance was $80,000 in 2013 and $60,000 in 2014?

• A)-25.00%.
• B)+25.00%.
• C)-33.33%.
• D)+33.33%.

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Definitions:

January

In the Gregorian calendar, the year begins with January, recognized as the first month.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard variable overhead expected for the actual production level.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost of the variable overhead allotted for the actual production level.

Supplies

Materials and items that are used in the day-to-day operations of a business but are not directly tied to the production of goods or services.