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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.
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A company was formed with $60,000 cash contributed by its owners in exchange for common stock. The company borrowed $30,000 from
kirill115 [55]
Here is your answer

A. $150,000
6 0
3 years ago
After completing an investigation, internal auditing has concluded that an employee has stolen a significant amount of cash rece
gtnhenbr [62]

Answer:Option A

Explanation:

Auditing is an independent examination of the financial statement of an audit client to express a true and fair view on the statement examined.

Investigation is a much deeper aspect of auditing that wants to examine a particular aspect of in organization for example theft of cash, insurance claim etc.

The Auditor is only to report to the Board of Directors i.e the Engagement Officer.

The internal auditor must be concerned about the possibility of inclusion of a statement for which the accused employee could use to sue the organization. It becomes imperative for a draft of the proposed final communications on fraud should be submitted to legal counsel for review to prevent further liabilities for the organization.

6 0
3 years ago
Carly deposited $800 in an account that earns 6% compounded annually. Lara deposited $800 in an account that earns 6% simple int
LiRa [457]

Answer:

Carly will have $1,433 in her account at the end of 10 years.

Lara will have $1,280 in her account at the end of 10 years.

Explanation:

Simpe interest pays the simple trust on the principal amount. There is no reinvestment of interest.

In compounded Interest the Interest earned from the investment is reinvested and again interest on principal and interest amount reinvested is earned.

Carly Deposit balance

Principal amount = $800

Blance after 10 years = $800 ( 1+ 6% )^10 = $800 x 1.791 = $1,433

Lara Deposit balance

Principal amount = $800

Amount of Interest for 10 years = 800 x 6% x 10 = $480

Blance after 10 years = $800 + $480 = $1,280

7 0
3 years ago
In one day madison laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. what was its productivity?
JulijaS [17]

Per wash load, productivity is $0.47.

<h3>Define productivity.</h3>

A common definition of productivity is the ratio of input volume to output volume. In other words, it assesses how effectively an economy uses labor and capital as production inputs to create a particular amount of output.

Being able to create, especially quickly and with excellent quality, is a sign of productivity. Making excellent school tasks in a short amount of time is an example of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.

It is computed by dividing a company's outputs by the inputs it used to achieve those outputs.

To learn more about productivity from the given link:

brainly.com/question/22852400

#SPJ4

5 0
2 years ago
An industry comprised of a very large number of sellers producing a standardized product is known as:
mash [69]

Answer:

The appropriate response is "Pure competition".

Explanation:

  • Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment.
  • Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.
5 0
2 years ago
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