At the Beginning of 2015, Peter Dots Has the Following

question 118

Multiple Choice

At the beginning of 2015, Peter Dots has the following ledger balances: During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000, and $18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%.
-Refer to the table above,The ending balance of Accounts Receivable would be:

• A) $40,000.
• B) $62,000.
• C) $80,000.
• D) $18,000.

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Definitions:

Dot Patterns

Visual stimuli composed of dots arranged in specific patterns, often used in perceptual and cognitive psychology experiments.

Categorical Perception

The classification of sounds that vary on an acoustic dimension continuously into discrete categories.

Template-Matching

A theory in perception that suggests objects are recognized by matching sensory input with stored templates or patterns in the brain.

Speech Sounds

are the audible units and elements of language produced by the vocal tract, including vowels, consonants, and intonation patterns, that are fundamental to verbal communication.