The Business Collects a $5,000 Account Receivable from Its Customer

question 95

Multiple Choice

The business collects a $5,000 account receivable from its customer.How is the accounting equation affected?

• A) Assets increase $5,000; liabilities decrease $5,000.
• B) One asset increases by $5,000; another asset decreases $5,000.
• C) Assets increase $5,000; liabilities increase $5,000.
• D) Assets increase $5,000; owner's equity increases $5,000.

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Definitions:

Usage Barrier

The factors that hinder a consumer from adopting or continuing to use a product or service.

Reluctant

Hesitant or unwilling to take a particular action due to doubt or uncertainty.

Product Adoption

The process by which consumers start using a new product or technology, often influenced by factors like ease of use, benefits, and peer adoption.

Psychological Barriers

Mental or emotional obstacles that hinder individuals from achieving goals, making decisions, or communicating effectively.