Well it depends on the situation
Accounts Receivable are located on the asset side of the balance sheet as the current asset.
Accounts receivable are the formed when company allows buyers to purchase on credit. it is the money owed by the company from its buyers.
It helps in the determining the company's strength by determining the accounts receivable ratios.
It is treated as current asset because it is liquid in nature as money due to the company is received in short time period.
It is recorded in the balance sheet because it is obligation for the customers to pay their debts to the company.
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<span>Inflation is a general increase in prices and fall in the purchasing value of money. If money becomes too common, the price of goods will increase, but the worth of the money will drastically decrease. This causes large conflict in communities.
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<h3>Just what is copyright?</h3>
When an author sets a work in a physical form of expression, copyright, a sort of intellectual property, preserves the original authorship of that work. There are many various kinds of works that fall under the purview of copyright law, including drawings, pictures, illustrations, musical compositions, sound recordings, computer programs, novels, poetry, blog posts, movies, architectural creations, plays, and a great deal more. When a human author independently produces a work and it demonstrates even a small amount of inventiveness, it is considered original.
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Answer:
$61.60
Explanation:
Equity funding need = Projected assets - Projected liabilities - Current equity - Projected increase in retained earnings
Equity funding need = $2,739 - $561 - $1,980 - $136.40
Equity funding need = $61.60
<u>Workings</u>
Projected assets = (Current assets + Fixed assets) * 1.10 = 820+1,670 * 1.10 = $2,739
Projected liabilities = Current liabilities * 1.10 = 510 * 1.10 = $561
Current equity = Current assets + Fixed assets - Current liabilities = 820 + 1,670 - 510 = $1,980
Projected increase in retained earnings = Sales*5% * 1.10 = $2,480*5% * 1.10 = 124*1.10 = $136.40