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Anarel [89]
2 years ago
13

Differentiate accounts receivable from notes receivable.

Business
1 answer:
maria [59]2 years ago
7 0

Notes receivable are backed by a promissory note, carry interest, and have periods that can occasionally go beyond a whole business cycle. While notes receivable can be either short-term, long-term, or both depending on the repayment plan, accounts receivable are short-term current assets.

The money that clients owe your business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, which includes bills from clients for goods or services provided to them on credit.

Accounts receivable are a debit on a trial balance until the client pays. Once the customer has paid, you will debit your cash account and credit accounts receivable because the funds are now in your bank and are no longer owing to you. On your trial balance, the concluding balance of accounts receivable is typically a debit.

Learn more about accounts receivable here

brainly.com/question/24871345

#SPJ4

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Name one factor that could increase the supply of saving and one that could increase the demand for saving. Discuss the effects
Readme [11.4K]

Answer:

Factor that increases the supply of saving: High rate of return

Factor that increase the demand for saving: Confidence in return of business in the future, low rate of interest

Explanation:

Interest rates impacts the rate at which borroweres lend money which in turn determines the influx of savers (lenders). For example, if a business owner lacks the funds to raise capital for business (investment), the next route is usually to borrow money. Money is only borrowed when there is confidence in the business as most times, loans are repaid in the future. Also, if the interest rates are low, it's easier to pay back the loan but if the interest rates are high, this could affect the loan payback in due time (especially if the returns on the investment made or the profits made for the business is not enough to pay back the interest). This factor affects the demand for savings.

The demand for saving ultimately affects the supply of savings because with low demand of borrowing and a high supply of savings leads to a low interest rate, and a low interest rates doesn't appeal investors to save more money. This is simply the law of demand that states demand decreases when the rate of return is high.  While the law of supply states that supply increases when the rate of return is high.

The effects of these factors on investment: rate of return changes the flow of influx of investors as one would only want to invest when the compund interest would be high irrespective of the permissible risk involved.

The confidence in an investment  would also affect the rate at which one would demand for savings (loans) towards that investment.

7 0
3 years ago
Rudy and his publisher require Katherine's expertise in writing a chapter of a book that will be published under Rudy's name. Th
Setler [38]

Answer:

The correct answer is A

Explanation:

Delegation is the term in accounting which is defined as the assignment of authority to some another person in order to carry out the particular activities. And the person or individual who delegate the work will remain accountable or responsible for the outcome or result of the work which is delegated.

So, in this case, Ruby need expertise of Katherine in writing a chapter and they signed a contract for the same but if Katherine delegates the work to Dana, then the delegation would not so effective as the duty involve the personal services.

3 0
3 years ago
Elroy is the sole proprietor of a gift shop in a small shopping center. Because he is a sole proprietor, any profit Elroy's busi
USPshnik [31]

Answer:

B)taxed only as Elroy's personal income.

Explanation:

A sole proprietorship is owned by one person known as the sole proprietor. His profits are taxed once as personal income. A sole proprietorship doesn't have investors.

I hope my answer helps you

3 0
3 years ago
A hair salon acquired 100 new customers last year. Cost in the marketing and sales were as follows:
Anestetic [448]

If a hair salon acquired 100 new customers last year. Cost in the marketing and sales were are marketing Costs  $1,000, Sales Costs $10,000  and Salaries $96,000.What the customer acquisition cost will be is $1,070

Using this formula

Customer acquisition cost=Sales costs+ Marketing costs +Salaries ÷ Number of customers acquired

Where:

Marketing Costs =$1,000

Sales Costs = $10,000

Salaries = $96,000

Number of customers acquired=100

Let plug in the formula

Customer acquisition cost=$1,000+$10,000+$96,000÷100

Customer acquisition cost=$107,000÷100

Customer acquisition cost=$1,070

Inconclusion if a hair salon acquired 100 new customers last year. Cost in the marketing and sales were are marketing Costs $1,000, Sales Costs $10,000  and Salaries $ 96,000. What the customer acquisition cost will be is $1,070

Learn more here:

brainly.com/question/18119725

7 0
2 years ago
Read 2 more answers
Which u.s. government agency has the primary responsibility in reviewing food and package labels to ensure claims made by the ma
Ghella [55]
The FDA is responsible for <span>reviewing food and package labels.</span>
4 0
3 years ago
Read 2 more answers
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