Asking good questions promote critical thinking because if a person was able to be provided with sensible and good questions, his or her critical thinking will be of help and will be of benefit to the person, making it to be promoted as the question is sensible and the use of his or her critical thinking has become something that he or she will made use of and will be something worth it.
Answer:
At the start of the year their accounts receivables were 50,000. During the year they earned revenues of 180,000 which means that they are entitle to get 230,000 (180,000+50,000) from the customers. But because the accounts receivables at the end of the year are 30,000 this means that their customers still owe them 30,000. This means that they collected a total of $200,000 cash from their customers.
Another way of looking it is that at the beginning of the year they had receivables of 50,000, they made sales of 180,000 in the current year and had ending receivables of 30,000 so cash collected will be equal to,
Year start receivables + current sales - Year end receivables
50,000+ 180,000 - 30,000
=$200,000
Explanation:
Answer:
Which of the following statements is correct?
Explanation:
Stock which has appreciated in value must be sold before it is considered part of gross income.