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Thepotemich [5.8K]
3 years ago
8

g Collection on a portion of Accounts Receivable will: Select one: a. Increase total liabilities b. Not affect total assets c. I

ncrease stockholders' equity d. Decrease net income e. Not affect total receivables
Business
1 answer:
jolli1 [7]3 years ago
8 0

Answer:

b. Not affect total assets

Explanation: Account receivable is a term used to describe the total amount expected to be paid by debtors to a a business Organisation on transactions completed during a given accounting period,it is an asset account.

WHEN THE ACCOUNT RECEIVABLES ARE COLLECTED, THEY DO NOT HAVE ANY EFFECTS ON THE ASSETS OF A BUSINESS ORGANISATION AS IT HAS ALREADY BEEN ACCOUNTED FOR IN THE ASSETS OF THE BUSINESS ORGANISATION.

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When an incident occurs and relevant agencies or departments are dispatched to the scene, the lead agency assumes Incident Comma
kifflom [539]

Answer:

When an incident occurs and relevant agencies or departments are dispatched to the scene, the lead agency assumes Incident Command and a PIO is designated. This person is usually A full-time PIO whose role has been predetermined in emergency plans and SOPs- B.

3 0
3 years ago
Read 2 more answers
If a society decides to produce consumer goods from its available resources, it is answering the basic economic question,
dexar [7]

Answer:

What to produce?

Explanation:

What to produce?

Due to the fact that resources are scarce, a producer has to decide what he wants to produce.

In the question above, the consumer has decided to produce consumer goods.

How to produce?

The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .

For whom to produce?

A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.

I hope my answer helps you

6 0
3 years ago
Koehn Corporation accounts for its investment in the ordinary shares of Sells Company under the equity method. Koehn Corporation
AVprozaik [17]

Answer:

A) a reduction of the carrying value of the investment

Explanation:

Under the equity method, the investor company cannot record dividends as revenue, it must record them as a reduction of the carrying value of their investment. Under the equity method, the value of the investment decreases with cash dividends. This transaction involves only a change between assets, investment decreases while cash increases, no additional revenue is recorded.

5 0
3 years ago
At the time when products and services are produced or provided to customers, which functional area is responsible for ensuring
Norma-Jean [14]

Answer: operations

Explanation:

At the time when products and services are produced or provided to customers, the functional area that is responsible for ensuring that those products and services meet high quality standards is operations.

The people in the operations department are in charge of managing activities that relates to production of goods and services. Some if their functions are managing operations, embracing design, performance improvement, planning, control, and operations strategy.

5 0
3 years ago
On July 1, Year 4, Pell Co. purchased Green Corp. 10-year, 8% bonds with a face amount of $500,000 for $420,000. The bonds are c
gayaneshka [121]

Answer:

$21,800

Explanation:

The computation of 4-year revenue is as shown below:-

Bond Income of 4th Year = Face amount × Bond × 1 ÷ 2

= $500,000 × 8% × 1 ÷ 2

= $20,000

Interest Revenue = Bond Income + Amount of Discount Amortized

= $20,000 + $1,800

= $21,800

Therefore for computing the interest revenue we simply bond income with the amount of discount amortized.

6 0
3 years ago
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