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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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What is foolproof definition of looking like a fool
Neko [114]
<span>Falling for anything which makes companies and other people think you're too stupid or too young to know better. 
Trust should be given to the people who already proof and earn their worth to you. Putting to low of a threshold to trust others will make it easier for you do be deceived and would bring a lot of negative outcome for your organization.</span>
8 0
3 years ago
Can regional level employment be converted into national level<br>employment? Why? Why not ?​
Rainbow [258]

Answer:

The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.

Explanation:

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6 0
2 years ago
A loan processor who is not required to perform her duties at the direction of or subject to the supervision and instruction of
lesya692 [45]

Leslee is a loan processor who is not required to perform her duties at the direction of or subject to the supervision. Leslee is an independent contractor.

An independent contractor is a self-employed person who is contracted in order to perform work for or provide services to another entity as a non-employee. Thus, independent contractors are not employees, nor are they eligible for employee benefits.

Here, as Leslee is a loan processor, so she is not required to perform her duties at the direction of or subject to the supervision and instruction of an individual who is licensed. As she is an independent contractor.

Hence, companies may also hire an independent contractor to do a job.

To learn more about independent contractor here:

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7 0
1 year ago
A product's ________ identifies the product or brand, describes several things about the product, and promotes the brand.
SCORPION-xisa [38]

Answer: label

Explanation:

Product labels are the piece of material

that are being attached to a product in order for easy identification by consumers in order to know the brand and also to know the contents.

A product's label identifies the product or brand, describes several things about the product, and promotes the brand.

6 0
3 years ago
Generally, a high ___________ ratio could lead investors and creditors to view the company as being very risky debt to owners' e
Ipatiy [6.2K]

High <u>debt to owner's equity ratio. </u>

This is total liabilities divided by total assets and shows a company's financial leverage, also known as their ability to handle current and future financial obligations.

6 0
2 years ago
Read 2 more answers
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