Accounts Receivable Was $750 at the End of November and $525

question 46

Multiple Choice

Accounts Receivable was $750 at the end of November and $525 at the end of December.Revenue totaled $4,775 for December.How much cash was received from revenues during December?

• A) $6,050
• B) $5,000
• C) $4,550
• D) $3,550

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Definitions:

Corporate Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.

Core Value

Fundamental beliefs or guiding principles that dictate behavior and action within an organization.

Stakeholder Interests

The varying objectives, needs, and concerns that stakeholders have in relation to an organization's actions and performance.

Ethics Perspective

An approach to decision-making which evaluates actions in terms of moral values and principles.