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3 years ago

Accountant's define and understand Receivables:

Business

2 answers:

den301095 [7]3 years ago

8 0

Answer:

The answer is E.

Explanation:

Account Receivables is the type of account that is used to record expected money from the sale of goods on credit. Account receivables is an asset to the company because future economic benefits are expected to flow to the entity. It includes all forms of receivables.

Accounts receivables is being measured at cash net realizable value.

Daniel [21]3 years ago

6 0

Answer:

A) To include accounts receivables, notes receivables and other receivables.

B) To be claims from individuals and companies that are expected to be collected in cash.

C) To be shown on the balance sheet valued at its cash net realizable value.

Explanation:

Recievables are payments that are yet to be collected from customers for goods and services purchased on credit.

They can be in the form of accounts receivables, notes receivables and other receivables.

On the balance sheet receivables are represented as claims from individuals and companies that are expected to be collected in cash.

When customers eventually repay what they owe the receivables reduces on the company's books.

Receivables that cannot be recovered are recorded in allowance for doubtful accounts

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3. The significant changes based on the level of activity are easily determined.

Explanation:

The use of original and final budgets helps in the comparison with actual performance. It clearly shows the effect of the level of activity on budget performance.

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3 years ago

Bianca took out a $2,600 unsubsidized Stafford loan. She will be attending school for four years, and she wishes to have the loa

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Interest capitalization is defined as the unpaid interest when added to the principal amount of the loan. It increases the overall cost of the loan.

Bianca will have to pay $13.43 monthly to avoid interest capitalization.

Given that:

Principal value of loan = $2600

Maturity Time = 10 years = 120 months

Interest rate = 6.2% = 0.062

Now, to find the amount of payment by using the formula:

$\rm Payment&=\rm \dfrac{Rate\times Principal}{1-(1+rate)^{time}}\\\\\\\rm Payment&=\rm\dfrac{0.062 \times 2600}{1-(1+rate)^{120}}\\\\\rm Payment &= \rm \161.32$

Total payment that is to be paid in 1 year:

$\rm Monthly\; Payment &=\rm\dfrac{161.32}{12}&= \$13.43$

Thus, the payment that Bianca has to pay is $13.43.

To know more about interest capitalization, refer to the following link:

brainly.com/question/417585

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2 years ago

Ivanhoe Company issued $492,000 of 10%, 20-year bonds on January 1, 2017, at 104. Interest is payable semiannually on July 1 and

mamaluj [8]

Answer:

Explanation:

For answer , see the attached file.

Download docx

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3 years ago

An example of economic profit motive

Vikentia [17]

For example, a business might be willing to absorb lower profits and even losses in the present to strengthen its position and increase its market share so that it can earn higher profits in the future.

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3 years ago

Xanadu Industries manufactures and sells the same calipers as Utopia Industries. Employee wages account for 35 percent of the co

san4es73 [151]

Answer: E) Many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.

Explanation:

The scenario that'll make the labor union accept Richard's suggestion to lower the wages is when many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.

The reduction in wages by Xanadu Industries wouldn't bring about loss.of workers as the manufacturing plant is the only industry in the area. Another way the company can reduce cost is through the reduction in its raw materials cost. If the employees aren't satisfied due to the reduction in wages, they can look for employment at Utopia Industry.

Therefore, the correct option is E.

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3 years ago