1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoundrel [369]
3 years ago
10

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

You might be interested in
Perz, Paul, President $168,000.00
Firlakuza [10]

Answer:

wer5432234

Explanation:

4 0
3 years ago
Which of the following statements about depreciation is correct?
Oliga [24]

Answer:

The correct answer is letter "C": To calculate the cash produced by the business, it is necessary to add the depreciation charge back to accounting profits.

Explanation:

Depreciation indicates how much value was used up for an asset. It also tries to match an asset's cost to the profit this helps the business collect. Depreciation calculations used as income tax deduction offer companies and annual allowance for the use and deterioration of tangible assets. Besides, depreciation must be added to the company's accounting profits to determine the firm's total inflow.

4 0
3 years ago
According to the product life-cycle theory, the locus of global production initially switches from the United States to other ad
guapka [62]

Answer:

The correct answer is letter "C": Over time, the United States switches from being an exporter of a product to an importer of the product.

Explanation:

The life-cycle theory proposes that the United States boosted worldwide economic trade exporting their products. At first, the products were delivered to other world developed countries. Over time, those developed countries started to study American products to become manufacturers. This implies competition so to spend fewer costs, the developed countries took their operations to developing nations.

After some time, it is believed that those developing countries are likely to become manufacturers as well at even cheaper costs provoking that the United States begin to import products from the developing nations.

8 0
3 years ago
7) You put 20% down on a home with a purchase price of $250,000. The down payment is thus $50,000, leaving a balance owed of $20
Alexxandr [17]

Answer:

=$11,439.96(Approx)

Explanation:

Consider the following calculations

Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

200,000=Annuity[1-(1.0391)^-30]/0.0391

200,000=Annuity*17.48257135

Annuity=200,000/17.48257135

=$11,439.96(Approx)

4 0
3 years ago
The marginal tax rate for a lump-sum tax a. is always positive. b. is zero. c. can take on any value but must be greater than th
o-na [289]

Answer:

b. is zero.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

There are three (3) types of taxation used by the government, these are;

1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.

For instance, Citizen A pays 20% on $50,000 and Citizen B pays 15% on $36.000.

2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.

For instance, Citizen A pays 10% on $50,000 and Citizen B pays 10% on $36,000.

3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.

For instance, Citizen A pays 15% on $50,000 and Citizen B pays 20% on $36,000.

The marginal tax rate for a lump-sum tax is zero because an additional amount of money would not change it.

7 0
3 years ago
Other questions:
  • Eleanor feels like she is very qualified for a Military job. Which qualifications does Eleanor most likely have?
    14·1 answer
  • A company reported the following in its recent balance sheet:
    13·1 answer
  • A firm, with an 18% cost of capital, is considering thefollowing projects (on January 1, 2011):Jan. 1, 2011, Cash outflow (000's
    15·1 answer
  • When Proctor and Gamble removed potentially dangerous dyes and chemicals from its Tide detergent product and introduced Tide Fre
    15·1 answer
  • Hayword, Inc. uses weighted-average costing and has two departments and has provided data related to its mixing department for t
    10·1 answer
  • Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 0.75% inter
    12·1 answer
  • Gregg Company uses the allowance method for recording its expected credit losses. It estimated credit losses at three percent of
    8·1 answer
  • An economist is analyzing the American moped market for BMW. The main competition, Vespa, recently dropped their listing price b
    9·1 answer
  • The difference between _______ interest and compound interest is that the amount of compound interest earned gets (bigger or sma
    15·1 answer
  • A woman decided to have a painting done of herself. She contracted in writing with an artist, who agreed to paint the woman for
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!