A & B Commercial Cleaning Is a New Business

question 157

Multiple Choice

A & B Commercial Cleaning is a new business.During its first year of operations,credit sales were $42,000 and collections from credit sales were $31,000.One account for $625 was written off.Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible.What is the balance of Accounts Receivable at the end of the first year?

• A) $11,000
• B) $9535
• C) $10,375
• D) $10,160

Understand associative learning and classical conditioning examples in animal behavior.

Recognize the role of the endocrine system in influencing behavior.

Distinguish between the different contributions to offspring by males and females across species.

Acknowledge the benefits and costs of territoriality in animals.

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Definitions:

Expansion

Expansion refers to the phase in the economic cycle where an economy is growing and experiencing increasing levels of output, employment, and income.

Actual Output

The actual quantity of goods and services produced in an economy over a specific period.

Demand

The desire and ability of consumers to purchase goods and services at given prices.

Automobiles

Wheeled vehicles powered by engines, primarily used for personal transportation.