Alexander Company Reported an Increase of $185,000 in Its Accounts

question 140

Multiple Choice

Alexander Company reported an increase of $185,000 in its accounts receivable during the year.The company's statement of cash flows reported $500,000 of cash received from customers.What amount of net sales must Alexander have recorded?

• A)$315,000
• B)$685,000
• C)$500,000
• D)$185,000

Distinguish between different types of variances, including cost, labour, and material variances.

Calculate variances from standard costs, including material, labour, and direct labour rate variances.

Identify responsibility centers and analyze their performance through variance analysis.

Understand the concepts of standard costing and its application in managerial decision-making.

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Definitions:

Stimulus Generalization

A process in learning theory where a response to a specific stimulus becomes associated with similar stimuli.

Negative Reinforcement

A behavioral psychology concept where the removal of an unfavorable outcome or stimulus strengthens the behavior that led to its removal.

Biological Constraints

The concept that there are limits on what can be learned or how learning processes can unfold, based on an organism's biology.

Instinctive Drift

The tendency for an animal's learned behavior to revert to its instinctual behaviors over time.