All categories

2 years ago

What is the difference between accounts payable and accounts receivable?

1 answer:

5 0

Accounts payable - Accurately tracking what's owed to suppliers, ensuring payments are properly approved and processing payments.

$\: \: \: \: \: \: \: \: \: \: \: \:$

Accounts receivable - The balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.

You might be interested in

The Backwoods American Company produces approximately 20,000 parkas annually. The quality-management program the company impleme

Vsevolod [243]

Answer:

2014 Product yield will be 18,560

Explanation:

Calculation of Product Yield from 2010 to 2014

Since it begins with 83% good-quality parkas in 2010 and the percentage of good parkas was produced by 2�ch year which means we would add 2% to each of the year starting from 2011 to 2014

2010:

20,000(.83)= 16,600

20,000-16,600=3,400

3,400(.20)=680

680+16,600= 17,280

2011:

20,000(.85)= 17,000

20,000-17,000=3,000

3,000(.20)=600

600+17,000= 17,600

2012:

20,000(.87)

= 17,400

20,000-17,400

=2,600

2,600(.20)= 520

520+17,400= 17,920

2013:

20,000(.89)= 17,800

20,000-17,800=2,200

2,200(.20)=440

440+17,800= 18,240

2014:

20,000(.91)

= 18,200

20,000-18,200

=1,800

1,800(.20)

=360

360+18,200

2014 Product yield= 18,560

7 0

3 years ago

In a closed economy, if Y remained the same, but G rose, T rose by the same amount as G, and C fell but by less than the increas

Travka [436]

Answer:

private saving would rise and national saving falls

Explanation:

private saving is income - consumptiioon= Y-C

if consumption c falls, private saving is going ton rise

public saving is T-G

as G goes up, T-G which is public saving would reduce or fall.

Given that the fall in c is smaller than the rise in G, the rise in private saving would smaller than the fall in public saving.

national saving is change in private saving + change in public saving

given that change in private saving is less than that of public saving, national saving would be negative.

7 0

3 years ago

On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash. Here are the assets, liabi

vfiekz [6]

Question Completion:

Prepare an Income Statement for the month of June.

Answer:

Windsor, Inc.

Income Statement for the month ended June 30, 2017:

Service Revenue $7,730

Supplies expense 1,100

Maintenance and

repairs expense 700

Advertising expense 400

Utilities expense 200

Salaries and

wages expense 1,630 $4,030

Net Income $3,700

Explanation:

Windsor, Inc. Income Statement is where the revenues and expenses are summarized in order to arrive at the net income or profit of the business. Temporary accounts are closed to the income statement. These are accounts that are periodic in nature. They are not permanent accounts, which are transferred to the next period. The only element of the income statement that is taken to the balance sheet is the net income or loss.

3 0

4 years ago

grandymaker [24]

A similarity between both of those is that they are both types of limited governments.
Federalism is when the power is shared between the states and the national government.Checks and balances is a principle of the United States Constitution that gives each branch of government the power to check, or limit the other branches.

8 0

3 years ago

Read 2 more answers

A consulting firm has two departments, Corporate and Government. Computer support is common to both departments. The cost of com

coldgirl [10]

Answer:

Total cost for Corporate = $5,729,015

Total cost for Government = $6,720,985

Explanation:

The computation of Fixed and Variable of corporate and government is given below:-

Fixed cost allocated for Corporate = Fixed computer costs × Number of consultant of Corporate ÷ Total number of consultant

= $9,950,000 × 125 ÷ (125 + 175)

= $9,950,000 × 125 ÷ 300

= $4,145,833

Fixed cost allocated for Government = Fixed computer costs × Number of consultant of Government ÷ Total number of consultant

= $9,950,000 × 175 ÷ (125 + 175)

= $9,950,000 × 175 ÷ 300

= $5,804,167

Variable cost = Total cost - Fixed cost

= $12,450,000 - $9,950,000

= $2,500,000

Variable cost allocated for Corporate = Variable cost × Gigabytes of Storage for Corporate ÷ Total Number of Gigabytes of Storage

= $2,500,000 × 104,300 ÷ (104,300 + 60,400)

= $2,500,000 × 104,300 ÷ 164,700

= $1,583,182

Variable cost allocated for Government = Variable cost × Gigabytes of Storage for Government ÷ Total Number of Gigabytes of Storage

= $2,500,000 × 60,400 ÷ (104,300 + 60,400)

= $2,500,000 × 60,400 ÷ 164,700

= $916,818

Total cost for Corporate = $4,145,833 + $1,583,182

= $5,729,015

Total cost for Government = $5,804,167 + $916,818

= $6,720,985

8 0

3 years ago