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Many Years Ago,telephone Numbers Had Only Four or Five Digits

question 49

Multiple Choice

Many years ago,telephone numbers had only four or five digits.Even now,no more than seven digits are used for phone numbers.The most reasonable psychological explanation for this is that ________________.


Definitions:

Accrued Interest

The interest that has accumulated on a debt over a period of time but has not yet been paid.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Net Credit Sales

The total value of sales made on credit minus any returns or allowances.

Allowance for Doubtful Accounts

A balance sheet account representing the estimated percentage of accounts receivable that may not be collected.

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