Use the Information Given Below to Answer the Following Questions

question 20

Multiple Choice

Use the information given below to answer the following questions:
Features Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2011, debtors owed $10 000, creditors were owed $7300, and the balance in allowance for doubtful debts was $250. Transactions for the year ended 30 June 2012 were as follows:
$$\begin{array} { l r } \text { }&\$\\\text { Credit sales } & 120000 \\\text { Cash sales } & 300000 \\\text { Credit purchases } & 80000 \\\text { Cash purchases } & 200000 \\\text { Cash received from debtors } & 90000 \\\text { Cash paid to creditors } & 72000 \\\text { Discount received from creditors } & 1200 \\\text { Discount allowed to debtors } & 800 \\\text { Bad debts written off } & 150 \\\text { Increase in allowance for doubtful debts } & 300\end{array}$$
-What was the balance of the creditors control account at 30 June 2012?

• A) $14 100
• B) $15 300
• C) $214 100
• D) $8 000

Understand the concepts of liquidity, market inefficiency, and the impact of liquidity on asset pricing.

Grasp the relationship between macroeconomic factors, including GDP growth, and returns on various style portfolios.

Understand the basic concepts of behavioral learning and how stimuli, cues, and reinforcements influence consumer behavior.

Recognize the role of comparative advertising in altering consumer perceptions and preferences.

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Definitions:

Values

The abstract standards in a society or group that define ideal principles.

Abstract Standards

General guidelines or criteria not tied to specific examples or cases, often used for evaluation.

Communication

The act of conveying information and meaning through various methods, including spoken, written, non-verbal, and digital forms, facilitating understanding and connection.

Values

Core beliefs or standards that guide and motivate attitudes and actions in individuals and across societies.