Answer:
C. What percentage of sales will likely be made on credit?
Explanation:
Accounts receivable are defined as the claims of payment that can be legally enforceable which is held by any business for the supply of goods or the services that are rendered that the customers have utilized or ordered but not paid for it. It is the balance of the money which is due to the organization for the goods or the services taken.
So when forecasting about the accounts receivable, one question we need to ask is -- "What percentage of sales will likely be made on credit?"
When the cash is received by the debtor, and the transaction is recorded, the accounts receivable are credited and the cash is debited.
Answer:
Motion.
Explanation:
Motion can be defined as a change in location with respect to a reference point.
This ultimately implies that, motion would occur as a result of a change in location (position) of an object with respect to a reference point or frame of reference i.e where it was standing before the effect of an external force.
Mathematically, the motion of an object is described in terms of acceleration, time, distance, speed, velocity, displacement etc.
Answer:
The correct answer is letter "A": a market in which a good can be bought and sold at the same price.
Explanation:
Competitive markets are those with large numbers of producers fighting against each other to fulfill consumers' needs. In these markets, the producers and consumers cannot determine the price of the goods or services being traded. Both <em>participants are price-takers</em> which imply they will come to a point in which the price level offered by producers and desired by consumers will be equal.
Answer:
FICA 53,200
SUTA 4, 991
FUTA 976.5
Total 59, 167. 5
Assets No effect.
Liaiblities increase by 59,167.5
Equity decrease by 59,167.5
Cash flow statemnet: no effect
Explanation:
700,000 x 7.6% = 53,200 FICA
108,500 x 4.6% = 4,991 SUTA
108,500 x 0.9% = 976.5 FUTA
This are expenses which, decreases the equity.
As we are performing the accrual of payroll taxes we recognize the payable amount.
There is no cash involve