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inn [45]
3 years ago
11

Which of the following asset accounts is increased when a receivable is collected? a.Accounts Payable b.Supplies c.Cash d.Accoun

ts Receivable
Business
1 answer:
Nikitich [7]3 years ago
7 0

Answer:

(C) Cash

Explanation:

Receivables means deptors. These are obligations that has been honoured and value given, but you're yet to get cash. Receivables are seen as such. So the things you've given value to and you're yet to receive cash or payment for are receivables.

So when receivables are collected, then the asset account Cash is increased.

On the Delivery of goods or Services, the company debits Accounts Receivable and credits what is known as Sales Revenues or Service Revenues. When an account receivable is collected say 30 days later, the account receivables is reduced and the Cash or bank account is increased.

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Answer:

Quinn values the apple pie at $4 and the chocolate cake at $10 = total $14

  1. since one "half" will only be chocolate, he needs $7 out of chocolate = 7/10 of the chocolate cake.
  2. the other "half" will include 3/10 of chocolate cake and the whole apple pie = (3/10 x $10) + $4 = $3 + $4 = $7

If Dustin chooses the second "half" he will receive 3/10 of chocolate cake and the whole apple pie = (3/10 x $4) + $6 = $1.20 + $6 = $7.20

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He already presumed that large organizations would only be capable of functioning effectively if regulations and guidelines were developed, and that everyone accurately followed those regulations.

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The amount in interest is specified in the policy and compounds annually
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Question 16 of 25
Sveta_85 [38]

Answer: B. Foreign cars become more expensive.

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