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
1. Which of the following is an economic activity?
galina1969 [7]

Check this attachment

3 0
3 years ago
Read 2 more answers
McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wage
Ilya [14]

Answer:

employer payroll taxes:

  • FICA taxes (social security and medicare) = $39,325 ⇒ employer's FICA taxes are identical to the withheld FICA taxes from employees
  • unemployment taxes = $3,825
  • total = $39,325 + $3,825 = $43,150

1) total labor cost = total wages + total employer payroll taxes = $550,000 + $43,150 = $593,150

2)

March 31, wages and salaries

Dr Wage expense 550,000

    Cr Cash 459,800

    Cr Federal income tax withholding payable 50,875

    Cr FICA taxes withholding payable (employees) 39,325

 

3)

March 31, employer payroll taxes

Dr FICA taxes expense  39,325

Dr Unemployment tax expense 3,825

    Cr FICA taxes payable 39,325

    Cr Unemployment taxes payable 3,825

8 0
3 years ago
Jasmine (29) is filing as a single taxpayer. In 2019, she received income from the following sources:
lianna [129]

Answer:

$38,720

Explanation:

From the given information:

Using Schedule 1 (Form 1040), Additional Income & Adjustment to Income.

The taxable income can be determined as follows:

Particulars                                         Form                         Amount($)

Wages                                      (Form 1040, Line 1)           36,000

Add: Unemployed Income    Schedule 1, Line 7                4,320

<u>Add: Gambling winning         Schedule 1, Line 8                   500</u>

Total Income                                                                    $40,820

<u>Less: Student loan Interest   Schedule 1, Line 20              2,100</u>

Taxable income                                                               $38,720

3 0
2 years ago
Which of the following is(are) true regarding the APT? I) The security market line does not apply to the APT. II) More than one
Karo-lina-s [1.5K]

Answer:

The correct answer to the following question is option (II), (III), (IV).

Explanation:

The APT stands for Arbitrage pricing theory, which is the alternative to the CAPM (Capital Asset Pricing Model ) for explaining the returns of the portfolio or the assets.

It is the multiple factors of CAPM which is base on the idea that the returns of assets can predict by using linear relationships in between a number of the macroeconomics variables that capture the systematic risk and the asset's expected return.

5 0
3 years ago
. The most attractive trade-off as the result of a decision is called a(n). A.opportunity cost.. B.ultimate trade-off.. C.dimini
Illusion [34]
The answer to the question above is letter A. The most attractive trade-off as the result of a decision is called an opportunity cost. Trade-off is a technique of reducing or forgoing the desirable outcome in exchange for increasing or obtaining other desirable outcomes in order maximize the total return.
4 0
2 years ago
Read 2 more answers
Other questions:
  • Performance, polygraph, or drug tests are?
    15·1 answer
  • Russia and china are both rich in natural resources and human resources, and both countries have a solid level of capital. yet,
    10·1 answer
  • Rigley Company expects to have a cash balance of $46,000 on January 1, 2017. These are the relevant monthly budget data for the
    13·1 answer
  • Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on
    8·1 answer
  • In one hour, the United States can produce 25 tons of steel or 250 automobiles. In one hour, Japan can produce 30 tons of steel
    6·1 answer
  • Ag-Coop is a large farm cooperative with a number of agriculture-related manufacturing and service divisions. As a cooperative,
    14·1 answer
  • Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $120,5
    7·1 answer
  • Imagine you live in a society with progressive taxation. Your friend makes half of your salary and pays 20 percent in income tax
    7·2 answers
  • Rubium Micro Devices currently manufactures a subassembly for its main product. The costs per unit are as​ follows:Direct materi
    5·1 answer
  • When performing the "Incremental ROR analysis" of multiple mutually exclusive alternatives, the first step is to order all the a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!