On January 1,2017,the Accounts Receivable of Martha Company Had a Debit

question 194

Multiple Choice

On January 1,2017,the Accounts Receivable of Martha Company had a debit balance of $190,000.During January,the company provided services for $400,000 on account.The company collected $240,000 from its customers on account in January.What was the ending balance in the Accounts Receivable account at the end of January?

• A) $160,000
• B) $590,000
• C) $350,000
• D) $400,000

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Definitions:

Temporal Factor

An element that considers the role of time in affecting outcomes in various contexts, such as psychology, economics, and science.

Polychronic Activity

Polychronic activity refers to the handling of multiple tasks or events simultaneously, characteristic of cultures that value flexibility in time management.

Relationship Marketing

Relationship marketing is a strategy designed to foster customer loyalty, interaction and long-term engagement rather than focusing solely on short-term goals.

Psychological Time

An individual's subjective experience of time, which may differ significantly from actual clock time, influenced by various psychological states.