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postnew [5]
3 years ago
10

Accounts receivable__________.A. are reported on the income statement.B. are amounts owed to a business by its customers.C. aris

e from the purchase of goods or services on credit.D. will be collected within the discount period or when due.
Business
1 answer:
expeople1 [14]3 years ago
5 0

Answer:

B. are amounts owed to a business by its customers.

Explanation:

Account receivable is the payment due by its customers in respect of  goods sold on a credit basis. It is shown in the current assets side of the balance sheet.

The computation of the ending account receivable balance is shown below for better understanding

Ending account receivable balance = Beginning account receivable + credit sales - collections - written off amount

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Vaselesa [24]

Answer:

deciding not to buy a car

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3 years ago
Marvin Gaye's song "Gotta Give It Up" was protected by ___________ .
monitta

Answer:

d. not selected option d copyright

6 0
4 years ago
Read 2 more answers
The balance sheet of ABC reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The r
zimovet [89]

Answer:

ABC net income for the year is $42,500

Explanation:

Beginning total assets = $400,000

Ending total assets = $450,000

Average total assets = Beginning total assets + Ending total assets ÷ 2

= ($400,000 + $450,000) ÷ 2

= $425,000

Return on assets = 10%

Therefore,

Net income ÷ Average total assets = Return on assets

Net income = Return on assets × Average total assets

Net income = 0.1 × Average total assets

= $425,000 × 0.1

= $42,500

7 0
3 years ago
Presented below are incomplete manufacturing cost data.
rjkz [21]

Answer and Explanation:

The computation of the missing amount is as follows:

As we know that

The total manufacturing cost = Direct Materials Used  + Direct Labor Used + Factory Overhead

So,

(1)

= $42,700 + $64,200 + $52500

= $159,400

(2)

= $298,000 - $78,100 - $144,000

= $75,900

(3)

= $314,000 - $57,400 - $113,000

= $143,600

8 0
3 years ago
ccording to the U.S. Bureau of Labor Statistics, there were chefs/head cooks employed in the United States in and food service m
Rufina [12.5K]

Answer:

  • Food service managers are facing a larger percent decrease at 3.31%

Explanation:

The percentage decrease in chefs/head cooks is:

= (100,600 - 99,800) / 100,600

= 0.795%

= 0.8%

Percentage decrease for food service managers is:

= (320,600 - 310,000) / 320,600

= 3.31%

7 0
3 years ago
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