The Balance in Accounts Receivable at the Beginning of 2009

question 14

Multiple Choice

The balance in accounts receivable at the beginning of 2009 was $300. During 2009, $1,600 of credit sales were recorded. If the ending balance in accounts receivable was $250 and $100 in accounts receivable were written off during the year, the amount of cash collected from customers during 2009 was:

• A)$1,600.
• B)$1,650.
• C)$1,550.
• D)$1,900.$300 + 1,600 100 250 = $1,550.

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Definitions:

Interpersonal Factors

Aspects of relationships between individuals that affect social and psychological functioning.

Parenting Style

The manner in which parents raise their children, characterized by various levels of responsiveness and demand.

Two-Factor Theory

A psychological theory proposing that emotions are based on physiological arousal and cognitive interpretation of that arousal.