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Rama09 [41]
4 years ago
14

Wisconsin Company collected $42,000 cash on its accounts receivable. The effects of this transaction are: Multiple Choice Both t

otal assets and equity are unchanged and liabilities increase. Both total assets and total liabilities decrease. Total assets decrease and equity increases. Total assets increase and equity decreases.
Business
1 answer:
Bas_tet [7]4 years ago
5 0

Answer:

Option Total assets, total liabilities, and equity are unchanged.

Explanation:

The reason is that the double entry to record this transaction is as under:

Dr Cash Account       $42,000

Cr Accounts Receivable $42,000

Hence there increase in one asset and decrease in other asset will have zero net impact on assets. As equity and liabilities are not effected by the transaction, hence they will also remain unchanged.

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Right a argumentive essay about people political opinions xx
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Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $435,000, and its year-e
Misha Larkins [42]

Answer:

DSO is 50.34 days and late payment by 5.34 days

Explanation:

In this question, we use the day's sales outstanding formula which is shown below:

Days sales outstanding = (Accounts receivable ÷ Net credit Sales) × total number of days in a year

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4 0
3 years ago
Glenda, the plant manager for ABC Corporation, views the results from the latest survey of employee attitudes. The results show
Brrunno [24]

Answer:

Human resource problem

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In the given scenario Glenda views the results of job satisfaction in the manufacturing plant and notices it has dropped significantly since the last survey.

This is a sign that there is a problem related to the human resources of the company.

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6 0
3 years ago
A company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $240,000. The nu
matrenka [14]

Answer:

a. 120,000 units

Explanation:

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3 years ago
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I guess the correct answer is absolute threshold

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