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KatRina [158]
3 years ago
14

A(n) ________ receivable is an informal credit arrangement with trade customers, whereas a(n) ________ receivable is a formal si

gned credit arrangement between a creditor and a debtor.
Business
1 answer:
zimovet [89]3 years ago
4 0

Answer:

Account; Note

Explanation:

An account receivable is the owed by customers to the organization for goods purchased. It is usually an arrangement between two parties with no formal agreement in place.

Notes receivable is an agreement in written form that stands as a promise to make the payment in future. It is a formal document.

Accounts receivables are created when money is owed to the company on account of goods purchased on credit while notes payable is issued as a promise to pay in future.

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The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports
Arada [10]

Answer:

a. $6,400.

Explanation:

In solving this question on Computing the amount of Purchasing department expense to be allocated to Assembly, we'll have to use the formula below:

Purchasing department expense to be allocated to Fabrication = Total Cost of purchasing department X number of purchase order in / Total numbers of purchase orders in all operating departments

= $32000 X 4/20 = $6,400

3 0
4 years ago
Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a ce
user100 [1]

Answer:

a. $125 per month

b. $10,300 per month

Explanation:

Data provided in the question

Paid amount as a corporate accountant = $10,000

Renting cost = $300

Purchase of office supplies = $75

Monthly electric bill = $50

The computation is shown below:

a. Explicit cost

Explicit cost = Purchase of office supplies + increase in monthly electric bill

= $75 + $50

= $125 per month

b. Implicit cost

= Paid amount as a corporate accountant + renting cost

= $10,000 + $300

= $10,300 per month

5 0
4 years ago
What country's coastline touches the Yellow Sea, East China Sea, and the Sea of Japan?
aliya0001 [1]
The innermost bay of the Yellow Sea is called the Bohai Sea (previously Pechihli Bay or Chihli Bay). Into it flow both the Yellow River (through Shandong province and its capital Jinan) and Hai He (through Beijing and Tianjin). Deposits of sand and silt from those rivers contribute to the sea colour.

The northern extension of the Yellow Sea is called the Korea Bay.

The Yellow Sea is one of four seas named after common colour terms — the others being the Black Sea, the Red Sea and the White Sea.

3 0
3 years ago
If you are refused credit because of information contained in your credit report you will be unable to dispute the information.
Ad libitum [116K]

Answer:

False

Explanation:

<u>How to  dispute the information.</u>

Tell the credit reporting company, in writing, what information you think is inaccurate. Send your letter by certified mail, “return receipt requested,” so you can document what the credit reporting company received. Keep copies of your dispute letter and enclosures.

5 0
4 years ago
a camera manufacturer spends $1,800 each day for overhead expenses plus $9 per camera for labor and materials. the cameras sell
poizon [28]
Amount of money spent per day = $1800
Cost of overhead expenses per day <span>for labor and materials </span>= $9
Selling price of each camera = $18
a. Let us assume the number of cameras manufactured per day = x dollars
Then
Cost of cameras sold in 1 day = 18x
So
18x = 1800 + 9x
18x - 9x = 1800
9x = 1800
x = 200
From the above deduction, we can conclude that the number cameras sold per day is 200
b. Daily selling amount of 250 cameras = 250 * 18
                                                               = 4500 dollars
Daily manufacturing price of 250 cameras = 1800 + (9 * 250)
                                                                    = 4050 dollars
Then
Daily profit = 4500 - 4050
                  = 450 dollars
5 0
3 years ago
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