On January 1,2012,Lexmark Company's Accounts Receivable Account Had a Debit

question 27

Multiple Choice

On January 1,2012,Lexmark Company's Accounts receivable account had a debit balance of $10,000.During January,2012,the company billed customers for services in the amount of $300,000.Also during January,the company collected $240,000 from its customers on account.What was the balance in the Accounts receivable account at the end of January?

• A) $60,000
• B) $250,000
• C) $70,000
• D) $10,000

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Definitions:

Centre-Periphery Trade

Economic exchanges between a core or economically dominant region and its surrounding, less developed areas or countries.

Global Markets

represent the worldwide expanse of buyers, sellers, and exchange processes, transcending domestic economies and facilitating cross-border trade.

Glocalization

A strategy that involves adapting a product, service, or content to suit local tastes and cultures while maintaining an overarching global appeal.

Centre-Periphery Trade

The exchange of goods and services between central, more economically developed areas and peripheral, less developed areas, influencing economic dynamics.