Because it is very easy to spend money that you do not have by using a credit card. Most think they can pay it off the following month, but that rarely happens.
Accounts Receivable are located on the asset side of the balance sheet as the current asset.
Accounts receivable are the formed when company allows buyers to purchase on credit. it is the money owed by the company from its buyers.
It helps in the determining the company's strength by determining the accounts receivable ratios.
It is treated as current asset because it is liquid in nature as money due to the company is received in short time period.
It is recorded in the balance sheet because it is obligation for the customers to pay their debts to the company.
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Answer: $296,880
Explanation:
Pop owns more than 50% of Sugar which means that Sugar is a subsidiary of Pop's. When this happens, trade between the two are not shown in the consolidated financial statement unless the goods traded have been sold off to a third party.
As these goods have not, and are still considered accounts receivable to Sugar, the entire amount will be removed from the consolidated financial statements.
The correct match from the given image is that the first picture is the example of the sensory memory, second picture is Short-Term Memory, and third one is Long-term Memory.
<h3>What is the sensory memory?</h3>
The human body's sensory receptors receive sensory messages, which the neurological system processes. Sensory memory only stores sensory data for as long as it takes to convert it to short-term memory.
The first image is an example of sensory memory, the second is Short-Term Memory, and the third is Long-Term Memory, which is the correct match from the given image.
Therefore, the memory are of three types short-term memory, long-term memory, and sensory memory.
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