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
Stella [2.4K]
3 years ago
12

Suppose a customer is unable to pay its account on time, so the company accepts a six-month interest-bearing note receivable to

replace the customer's account receivable. What effect will accepting the note receivable have on the company's financial statements at the time of acceptance?
A) Total assets decrease.

B) No change in total assets.

C) Total revenues increase.

D) Total assets increase.
Business
1 answer:
BartSMP [9]3 years ago
6 0

Answer:

B) No change in total assets.

Explanation:

Since it is given that the company accepts a six-month note receivable so that it replaces the account receivable of the customer. Due to which there is an increase in note receivable and a decrease in account receivable.  

Since the increase and the decrease is taking place in the assets that reflects there is no change in overall total assets

You might be interested in
A profit-maximizing monopolist has the cost schedule c(y) = 20y. The demand for her product is given by y = 600/p^4, where p is
marin [14]

Answer:

Decrease her price by $20

Explanation:

Please see attachment for working notes and explanation

8 0
3 years ago
Using your computer for non-work activities while you are being paid to work is known as
PilotLPTM [1.2K]
<span>Using your computer for non-work activities while you are being paid to work is known as </span>cyberloafing
8 0
3 years ago
A television advertisement shows several teenagers searching through the refrigerator for something to satisfy their hunger. The
Andre45 [30]

Answer:

The answer for the first blank is needs, the second blank is preferences.

Explanation:

The need for sustenance is a primary drive for all living creatures, including humans. The advertisement shows this by casting hungry teenagers who are seeking to fulfill this drive. Since the company producing this advertisement sells Hot Pocket, they wanted to associate ‘fulfilling the hunger drive’ with their product. That way, customers who view this advertisement are more likely to choose Hot Pocket compared to its competitors.  

7 0
3 years ago
What type of PMO do you think would be the best type to start with if your organization does not have a PMO
klemol [59]

Answer: Controlling PMO

Explanation:

Controlling PMO works as an auditor for the company, tis check the organization tools, processes and ensures if standard are applied in projects. They are known by their level at which they control projects, they manage the project activities and budget. Actions are taken into place when measures are not met in the processes, tools and standard.

6 0
3 years ago
What 3 factors affect the return on savings account
statuscvo [17]

Answer:

The choice between consumption in the present and consumption in the future, perception of a close correlation between current income and consumption, and the smoothing of consumption over time as deriving from its comparison to the income which the individual would perceive as his/her permanent income.

7 0
4 years ago
Other questions:
  • The most recent data from the annual balance sheets of N&amp;B Equipment Company and Jing Foodstuffs Corporation are as follows:
    11·1 answer
  • The Kwok Company’s inventory balance on December 31, 2021, was $215,000 (based on a 12/31/2021 physical count) before considerin
    7·1 answer
  • Landon jewelers uses the perpetual inventory system. on april​ 2, landon sold merchandise with a cost of​ $2,500 for​ $7,000 to
    7·1 answer
  • Both managers and workers cite low managerial ethics as a major cause of american
    5·1 answer
  • Cameron started his own photography business. He wants to write a good mission statement that explains his company's reason for
    8·1 answer
  • An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 part-time jobs, 5 has two part-time job
    14·1 answer
  • Suppose that a group of 10 people join a weight loss program for 3 months. Each person’sweight is recorded at the beginning and
    11·1 answer
  • Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Qu
    15·1 answer
  • The foreign exchange market is a market for converting the currency of one country into that of another country.
    14·1 answer
  • Documents created with Calc are saved as which file extension?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!