The Cash Account Has a $15,000 Debit Balance

question 24

Multiple Choice

The Cash account has a $15,000 debit balance. A $5,000 credit entry and a $7,000 debit entry are posted to the account. The final balance of the Cash account is:

• A)a $17,000 debit balance.
• B)a $27,000 debit balance.
• C)a $3,000 debit balance.
• D)a $13,000 debit balance.

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Definitions:

Quick Response

A strategy focused on reducing lead times across the supply chain to respond swiftly to consumer demand and market changes.

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Multiple Products

The strategic offering of a variety of products by a business to meet diverse customer needs, expand market reach, and reduce risk.

Tailored Sourcing

A procurement strategy that involves customizing the sourcing approach to fit specific product requirements, supplier capabilities, or market conditions.