The Collection of a $800 Account Within the 2 Percent

question 47

Multiple Choice

The collection of a $800 account within the 2 percent discount period would result in a(n)

• A)increase to Accounts Receivable for $784.
• B)decrease to Cash for $784.
• C)increase to Sales Discounts for $16.
• D)decrease to Accounts Receivable for $784.

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to pursue and achieve goals.

Desires And Needs

Fundamental motivations or urges that drive behavior, with needs being essential for survival and desires being wants or wishes.

Genuine Happy Smile

A true expression of happiness, characterized by the activation of the muscles around the eyes and mouth, also known as a Duchenne smile.

Feigned Smile

This term refers to a smile that is insincere or produced artificially, often to hide true feelings or conform to social expectations.