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
Mama L [17]
3 years ago
9

As a firm's sales grow, its current assets also tend to increase. For instance, as sales increase, the firm's inventories genera

lly increase, and purchases of inventories result in more accounts payable. Thus, spontaneous liabilities that reduce AFN arise from transactions brought on by sales increases. True or false?
Business
1 answer:
yanalaym [24]3 years ago
6 0

Answer: True

Explanation:

Current assets are the assets that a company had and which are expected to be either used or sold over the next year. Examples of current assets are cash, cash equivalents, stock inventory, accounts receivable, marketable securities, and other liquid assets.

It should be noted that when the sales of a from continue to grow, the current assets of such company also increases. An example is when there is an increase in the sales increase, this.will also have an impact on the firm's inventories as there will be an increase.

You might be interested in
John buys a $1,000 bond that pays 6% annual interest at 75. what is john's annual yield?
lina2011 [118]

To calculate the current yield of bonds.

We have the given par value of $1000, a market price of $750 and an interest rate of 6%.

Formula of current yield: 

Yield =  (interest rate * par value)/(market price) * 100%

         =  ((0.06 *  $1000)/$750) * 100%

         = ( $60/$750) * 100%

         =0.08 * 100%

         = 8%


5 0
3 years ago
Differentiate accounts receivable from notes receivable.
maria [59]

Notes receivable are backed by a promissory note, carry interest, and have periods that can occasionally go beyond a whole business cycle. While notes receivable can be either short-term, long-term, or both depending on the repayment plan, accounts receivable are short-term current assets.

The money that clients owe your business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, which includes bills from clients for goods or services provided to them on credit.

Accounts receivable are a debit on a trial balance until the client pays. Once the customer has paid, you will debit your cash account and credit accounts receivable because the funds are now in your bank and are no longer owing to you. On your trial balance, the concluding balance of accounts receivable is typically a debit.

Learn more about accounts receivable here

brainly.com/question/24871345

#SPJ4

7 0
1 year ago
The u.s. department of commerce developed a(n) ________ framework in order to enable u.s. businesses to legally use personal dat
AlexFokin [52]
<span>The correct option is,"Safe harbor".
The U.S. Department of Commerce developed a safe harbor framework in order to enable U.S. businesses to legally use personal data from EU countries.
</span>Safe Harbor refers to an agreement that is between the United States Department of Commerce and the European Union that directed in such a way that U.S. organizations could export and handle the individual information and personal data of European nationals.
3 0
2 years ago
During the ________ era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising a
Vilka [71]
Hello There!

<span>During the selling era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.</span>

Hope This Helps You!
Good Luck :) 

- Hannah ❤
8 0
3 years ago
According to the text, why is trade school more
jek_recluse [69]

<u>Explanation</u>:

A trade school is becoming popular this because it serves as a home to acquire technical education.

Thus anyone who wants to learn a skill having no prior experience is a best fit for trade school. A major benefit of the trade school is that it provides practical lessons to students, often times they are grouped together in peers for projects which encourages group learning.

5 0
3 years ago
Read 2 more answers
Other questions:
  • What is culture?????????
    12·1 answer
  • Jack is preparing for a party and makes potato salad, but he does not realize that the salad contains one escherichia coli bacte
    15·1 answer
  • 3. In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnin
    9·1 answer
  • If a company is considering the purchase of a parcel of land that was acquired by the seller for $94,000, is offered for sale at
    11·1 answer
  • Livebinders is an example of​ a(n) _______________.
    15·1 answer
  • Which of the following was the result on appeal in the Case Opener involving the alleged breach of an oral contract based on the
    11·1 answer
  • The following table contains financial information for Trumpeter Inc. before closing entries:
    13·1 answer
  • Whats a good song <br><br> ill mark brain star
    8·1 answer
  • A company’s _ tells you how much money the company has left over after subtracting all expenses
    8·1 answer
  • You are working as a private math tutor to raise money during spring break. Assuming you want to earn as much money as possible,
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!