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
Akimi4 [234]
3 years ago
13

Difference between accounts receivable and payable

Business
1 answer:
Elina [12.6K]3 years ago
7 0
When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.
You might be interested in
A fire destroyed some of Powell Company's records. Information from the documents found related to inventory is listed below. En
andrey2020 [161]

Answer:

$478,000

Explanation:

Purchase inventory = cost of goods sold + ending inventory - beginning inventory

Purchase = (445,000 + 76,000) - 43,000 = $478,000

6 0
3 years ago
Read 2 more answers
Computer Consultants Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the pr
Korolek [52]

Answer:

e. 14.20%

Explanation:

We use the formula:

A=P(1+r/100)^n

where

A=future value

P=present value

r=rate of interest

n=time period.

Hence

A=$450(1.1)^2+$450(1.1)^1+$450

=$450[(1.1)^2+(1.1)+1]

=$1489.50

Hence

MIRR=[Future value of inflows/Present value of outflows]^(1/time period)-1

=[1489.5/1000]^(1/3)-1

=14.20%(Approx)

4 0
3 years ago
Tom sold his home for $140,000 paying a 7% real estate commission. He bought the home for $45,000, paid $2,000 in closing costs,
Igoryamba

Answer:

$48,200

Explanation:

Given:

Selling price of home = $140,000

Acquisition price = $45,000

Closing cost = $2,000

Cost of fireplace and family room = $35,000

Real estate commission = 0.07 × 140,000 = $9,800

Total adjusted basis  = 45,000 + 2,000 + 35,000 + 9,800

                                   = $91,800

Taxable gain = Selling price - adjusted basis

                      = 140,000 - 91,800

                      = $48,200

7 0
3 years ago
Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet
Tom [10]

Answer:

A

Explanation:

if its wrong than forsure d

7 0
3 years ago
How long does a trademark last? _____ five years fifteen years twenty years ten years
valina [46]

Answer:

10 years.

Explanation:

3 0
3 years ago
Other questions:
  • Knowing that a third party may use the information that Ray is providing, does Ray owe a duty of confidentiality to Onyx?
    13·1 answer
  • Dean, the president of Billing & Credit Company, promises to pay his employee Ewing, who is dangerously obese, $10 for every
    5·1 answer
  • Steve’s Outdoor Company purchased a new delivery van on January 1 for $47,000 plus $4,000 in sales tax. The company paid $13,000
    11·1 answer
  • Which of the following is NOT considered a key characteristic of a core capability: a. It is based on factors that are rare or u
    7·1 answer
  • If the number of unemployed workers is 19 million, the number in the working-age population is 2) 500 million, and the unemploym
    12·1 answer
  • Ajay is an Indian who owns a multinational company (MNC) that is headquartered in Bangalore. He ensures that his company consist
    7·1 answer
  • Do you think chefs give much thought to the nutritional value of the dishes they create? Explain
    15·2 answers
  • The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 310,000 $ 35 B 410,000 40 C 510,000 15 D 710,
    15·1 answer
  • The marginal tax rate for a lump-sum tax a. is always positive. b. is zero. c. can take on any value but must be greater than th
    9·1 answer
  • Bob cratchit needs $16 per month for grave maintenance after he passes. if he earns 3.0 nnual interest, compounded monthly, how
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!