Additional Credit Sales of $2m (Cost Price $1

question 20

Multiple Choice

Additional credit sales of $2m (cost price $1.5m) are made on credit.This transaction will:

• A) increase net profit,increase cash and increase total assets.
• B) increase net profit,increase total assets but not affect cash.
• C) increase net profit,and not affect cash or total assets.
• D) increase net profit,increase cash.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.

Organizational Membership

Pertains to the state of being a part of an organization, encompassing rights, responsibilities, benefits, and a sense of belonging among its members.

Minority Members

Individuals who are part of a smaller or less dominant group within a larger community or organization, often distinguished by cultural, ethnic, or racial identities.

Social Responsibility

The ethical framework suggesting that entities, whether individuals or organizations, have an obligation to act for the benefit of society at large.