Hollander Company Reported Net Sales of $1,375,000, Beginning Accounts Receivable

question 156

Multiple Choice

Hollander Company reported Net Sales of $1,375,000, beginning Accounts Receivable of $67,200 and ending Accounts Receivable of $72,300. Average Accounts Receivable is:

• A)$69,750.
• B)$10,200.
• C)$33,600.
• D)$36,150.
• E)$139,500.

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Definitions:

Aboriginals

Indigenous people, particularly those who are the original inhabitants of Australia but can also refer to the first or earliest known inhabitants of other regions.

Québécois

Referring to the French-speaking inhabitants of Quebec, a province in Canada.

Selective Perception

The cognitive process where individuals perceive what they want in media messages while ignoring opposing viewpoints, influenced by their background, beliefs, and attitudes.

Aboriginal Reserve System

A system historically used in various countries to designate specific lands for Indigenous populations, often with the intent of isolating and controlling these communities.