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Jet001 [13]
2 years ago
8

If a firm averages $2,000 in daily credit sales and offers 60-day terms, the average accounts receivable balance will be $120,00

0.
a. True
b. False
Business
1 answer:
Alexeev081 [22]2 years ago
8 0

Answer:

a. True

Explanation:

The computation of the average accounts receivable balance is shown below:

= Daily credit sales × day terms

= $2,000 × 60 days terms

= $120,000

We simply multiplied the average amount with the day term so that the average account receivable balance could come

Hence, the given statement is true

Therefore the correct option is a.

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3 0
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Suppose a new​ off-campus university apartment complex could rent its rooms on the open market for​ $900 a month. ​If, instead,
asambeis [7]

Answer:

a shortage would arise since quantity demanded would exceed the quantity supplied

Explanation:

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3 0
3 years ago
Transactions Falcon's Related Account 1. Falcon purchases common stock of Wildcat. Investment2. Falcon borrows from Wildcat by s
ludmilkaskok [199]

Answer:

1. Transaction will have effects on Balance Sheet in the Assets Section and will be classified as an Investing Activity in the Statement of Cash flows.

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3. Transaction will have effects on Income Statement in the Revenue Section and will be classified as an Operating Activity in the Statement of Cash flows.

4. Transaction will have effects on Income Statement in the Revenue Section and will be classified as an Operating Activity of the Statement of Cash flows.

5. Transaction will have effect on Income Statement in the Expense Section and will be classified as a Financing Activity in the Statement of Cash flows.

Explanation:

1. Falcon purchases common stock of Wildcat. This is classified in the investments tab of the assets account. This will be reflected in balance sheet. The transaction is classified in the investing activity.

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7 0
3 years ago
All of the following are among the methods project managers can use to develop individual and team capabilities EXCEPT:A. teach
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Answer:

C. Utilize coercive powers

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earnstyle [38]

Answer:

A mask, gloves, gown, face shield.

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