1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paha777 [63]
3 years ago
10

Collection of a $3500 Accounts Receivable decreases a liability $3500; increases stockholders' equity $3500. decreases an asset

$3500; decreases a liability $3500. increases an asset $3500; decreases an asset $3500. increases an asset $3500; decreases a liability $3500.
Business
1 answer:
Gekata [30.6K]3 years ago
3 0

Answer:

Correct option is C. increases an asset $3500; decreases an asset $3500

Explanation:

Before collection from accounts receivable there is an asset of $3,500 in accounts receivable.

When it is received then there is collection of $3,500 either in cash or at bank, with that the effect on accounts receivable asset is that it is reduced, by $3,500; and with the same thing cash or bank balance which is also an asset is increased.

<u>Therefore correct option is C.</u>

increases an asset $3500; decreases an asset $3500

<u>Increase in Cash/Bank</u>

<u>Decrease in Accounts Receivable</u><u> </u>

You might be interested in
Which of the following is TRUE regarding a dead weight loss.
nikdorinn [45]

Answer:

I'm pretty sure the answer is A

8 0
2 years ago
Assume that a country with an open economy has a fixed exchange-rate system and that its currency is currently overvalued in the
olasank [31]

Answer: b. The quantity of the country's currency supplied exceeds the quantity demanded.

Explanation:

A country operating a fixed-exchange rate system would be actively trading its currency to ensure that it remains at a certain rate. If the currency is overvalued, it means that the currency is actually weak and is being propped up by the company's actions in the forex market.

A reason for the weakness would be that the supply is higher than the demand of the currency which means that, as per the rules of supply and demand, the currency is trading at a lower price, i,e., it is weak.

7 0
2 years ago
Finished goods that have not yet shipped to
zavuch27 [327]

Answer:inventory

Explanation:

4 0
3 years ago
Read 2 more answers
A datacenter recently experienced a breach. When access was gained, an RF device was used to access an air-gapped and locked ser
alex41 [277]

Answer:

a. Faraday cage

Explanation:

Faraday cage -

It refer to as a shield which helps to block any electromagnetic fields , is referred to as faraday cage .

It is also known as Faraday shield .

In a Faraday cage , a mesh or covering conductive material is added to block any electromagnetic field .

Hence , from the given information of the question ,

The correct answer is a. Faraday cage .

5 0
3 years ago
An entrepreneur establishes a social justice online retail company. The company purchases authentic artwork, jewelry and crafts
Greeley [361]

Answer:

a. Developing a robust marketing program to promote the social justice elements of the business and gain insights into consumer purchasing behavior on the website

Explanation:

In order to sustain the business, the entrepreneur should create a robust marketing program in which he is able to promote the components of social justice and also the behavior of the consumer on the website so that he gets to know how much people are active in his website, what are the problem people are facing, etc

Hence, the correct option is a

3 0
2 years ago
Other questions:
  • Which of the following is not a factor of production?
    12·1 answer
  • What may happen if the threaded heating element in percolator is not very tightly mounted
    14·1 answer
  • What document is necessary to get through the security checkpoints at airports?
    5·1 answer
  • In the context of trend analysis, what is base amount?
    5·2 answers
  • JudyJudy hires students at ​$5050 a day to mow lawnsmow lawns. SheShe leases equipment that costs ​$8080 a day. Suppose that Jud
    14·1 answer
  • Sun Inc. assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a
    13·1 answer
  • AT&amp;T 10-year, $1,000 par value bond is selling at $1,158.91. Interest on this bond is paid semiannually.
    6·1 answer
  • Suppose that a monopoly computer chip maker increases production from 10 microchips to 11 microchips. If the market price declin
    11·1 answer
  • What economic goal does the Securities and Exchange Commission (SEC) help the government achieve the most
    12·1 answer
  • A trade discount is: ___________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!