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spin [16.1K]
3 years ago
5

Delta Company performed $20,000 of services on account and recorded the amount due as a typical account receivable. Over time, i

t became apparent that the customer would not be able to pay quickly, so Delta required the customer to sign a six-month, 11 percent promissory note on February 1, Year 2. The company then reclassified the existing account receivable as a note receivable. Which of the following will result from this action?
a. both assets and liabilities decrease.
b. both assets and revenues decrease.
c. revenues decrease and liabilities increase.
d. no impact on the accounting equation.
Business
1 answer:
Llana [10]3 years ago
3 0

Answer:

D) No impact on the accounting equation.

Explanation:

  • Nothing would happen since the amount to be received would remain the same i-e $20,000, so there is no chance for increase in liabilities. Moreover, the there is no new services so that asset should be impacted.
  • What there has been done is just classifying the payment which the Delta thought that they would receive earlier, but now it is being realized that it will take long, so just to not make any mistake or confusion for future this was done.
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If profit per unit equals (price - cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have
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<span>If profit per unit equals (price - cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have a positive slope. From the equation that the profit per unit is equal to price minus by the cost per unit meaning that as prices rises and more output is produced. In doing so, as the effect of more output corresponding to an increase in price with a slope rising to the right depends on the response of the costs.</span>
5 0
3 years ago
What does an organization use to manage its operations across several industries and several markets simultaneously? a. Tactical
Papessa [141]

The strategy an organization employs to manage its operations across several industries and several markets simultaneously is called Corporate-level strategy.

<h3>What is the Corporate-level strategy?</h3>

A corporate-level strategy is a decision made to achieve a competitive and strategic advantage by selecting and managing a diverse set of firms that compete in a variety of sectors or product marketplaces.

  • A business organization is a business environment where business activities take place.

The three levels of strategy utilized in a business organization are:

  • Business level strategy
  • Functional  level strategy
  • Corporate level strategy

Therefore, we can conclude that the Corporate-level strategy is the strategy that an organization employs to manage its operations across several industries.

Learn more about the Corporate-level strategy here:

brainly.com/question/24845876

5 0
2 years ago
1. Problems and Applications Q1 In 2012, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 142,496,000
Fynjy0 [20]

Answer:

the adult population is 243,312,000

Explanation:

The computation of the adult population is shown below:

The Total adult population is

= Employed + Unemployed +  Not in the labor force

= 142,496,000 + 12,506,000  + 88,310,000

= 243,312,000

Hence, the adult population is 243,312,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

8 0
3 years ago
Under the mudarabah banking system, when an Islamic bank lends money to a business Multiple Choice it charges that business inte
Vikki [24]

Answer:

It takes a share in the profits that are derived from the investment.

Explanation:

The Mudarabah banking system is a financial concept that is structured on partnership, wherein one partner is the financier (rabbulma) while the other partner is responsible for the supply of labor and skills (mudarib) for the management of the capital invested in the business. Consequently, the factors of production in this system are, labor, capital and entrepreneurship.

The Mudarabah is of two types:

1. Restricted mudarabah: if the financier states a particular business for which the capital is to be invested in.

2. Unrestricted mudarabah: if the financier permits the fund manager or entrepreneur (mudarib) to invest the capital in any business of choice.

Under the mudarabah banking system, when an Islamic bank lends money to a business, it takes a share in the profits that are derived from the investment for a specific period of time.

Hence, it's a banking system peculiar to the Islamic world and the contractual partners shares profit and loss based on a pre-defined and agreed ratio.

7 0
3 years ago
LO 7.2Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February, 2,500 in March, 2,700
iogann1982 [59]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales in units:

January= 3,000

February= 2,000

March= 2,500

April= 2,700

May= 2,900

The required ending inventory is 20% of the next month's sales, and the beginning inventory on January 1 was 600 units.

The production budget for each month is calculated using the following formula:

Production= sales + desired ending inventory - beginning inventory

Production budget:

January:

Sales= 3,000

Ending inventory= (2,000*0.2)= 400

Beginning inventory= (600)

Total= 2,800

February:

Sales= 2,000

Ending inventory= (2,500*0.2)= 500

Beginning inventory= (400)

Total= 2,100

March:

Sales= 2,500

Ending inventory= (2,700*0.2)= 540

Beginning inventory= (500)

Total= 2,540

April:

Sales= 2,700

Ending inventory= (2,900*0.2)= 580

Beginning inventory= (540)

Total= 2,740

5 0
3 years ago
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