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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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Up-Town Express processed 89,233 packages this month. If this is 36.5% less than last month, how many packages did they process

solniwko [45]

Answer:

X=140.524.4≅140,524 Packages

Correct option is C (140,524)

Explanation:

Given Data:

Up-Town Express processed =89,233 packages this month

Less than last month=36.5%=0.365

Required:

Packages did they process last month=?

Solution:

Let say X is the number of Packages they process last month.

Equation from above data:

89233+0.365X=X

89233=X-0.365X

0.635X=89233

X=89233/0.635

X=140.524.4≅140,524 Packages

Correct option is C (140,524)

4 0

4 years ago

Can an opinion be wrong? Isn’t everyone entitled to an opinion?

attashe74 [19]

Answer:

Yes

Explanation:

An opinion can indeed be wrong unless you based if of scientific facts and have evidence to back up your opinion. Everyone is indeed entitled to an opinion but not everyone listens to everyone’s opinion that is not backed up with facts.

3 0

1 year ago

Roberto consumes coke exclusively. he claims that there is a clear taste difference and that competing brands of cola leave an u

VikaD [51]

The answer to the question above is "brand names cause consumers to be more sensitive to product differences" based on the result of Roberto's taste test. In the blind test, Roberto did not feel the unsavory flavor from the generic store-coke and he prefers that generic store-coke. This test proves that Roberto's taste is distracted by the brand.

5 0

4 years ago

Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 6 comma 800 items in its invento

nignag [31]

Answer:

97.8 or 98 items

Explanation:

A items:

= Percent of items in inventory × No. of items

= 0.1 × 6,800

= 680

B items:

= Percent of items in inventory × No. of items

= 0.31 × 6,800

= 2,108

C Items:

= Percent of items in inventory × No. of items

= 0.59 × 6,800

= 4,012

Units to be counted everyday:

$=\frac{A\ items}{workings\ days} + \frac{B\ items}{workings\ days} + \frac{C\ items}{workings\ days}$

$=\frac{680}{22} + \frac{2,108}{61} + \frac{4,012}{124}$

= 30.90 + 34.55 + 32.35

= 97.8 or 98 items

7 0

3 years ago

William installs custom sound systems in cars. If he installs seven systems per day, his total costs are $300. If he installs ei

Margarita [4]

Answer:

D. $100

Explanation:

Given: William install 7 system per day at the cost of $300.

William install 8 system per day at the total cost of $400.

Remember, If the marginal cost curve is upward-sloping, this means that as output increase, marginal costs will also increase.

Marginal cost is an additional cost incurred in producing additional unit of output.

Now, finding additional payment that eighth customer has to pay.

Change in marginal cost= $Cost\ incurred\ in\ installing\ 8\ system - cost\ incurred\ in\ installing\ 7\ system$

⇒ Change in marginal cost= $\$400-\$300$

∴ Change in marginal cost= $\$ 100$

Hence, there is an increase in marginal cost by $100 as output increases, therefore, William will install eight sound systems per day only if the eighth customer is willing to pay at least $100.

5 0

4 years ago