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

question 68

Multiple Choice

Accounts Receivable was $750 at the end of November and $525 at the end of December. Revenue totaled $4,200 for December. How much cash was received from revenues during December?

• A) $5,475
• B) $4,425
• C) $3,975
• D) $2,975

---

Definitions:

Algorithms

Step-by-step procedures or sets of rules followed in calculations or problem-solving operations, particularly by computers.

Trial And Error

A method of problem-solving that involves trying multiple options and eliminating those that do not work.

Robert Sternberg

An American psychologist known for his theory on love and intelligence, including the Triarchic Theory of Intelligence.

Peter Wason

A British psychologist known for his work in the field of cognitive psychology, particularly for his research on reasoning and decision-making.