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3 years ago

What is the impact on the accounting equation when an accounts receivable is collected?

1 answer:

5 0

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Answer for your question!

Because one asset increases and another decreases by the same amount, the accounting equation remains unchanged and in balance, suggests Principles of Accounting. For example, if you collect $100 from an account receivable, cash increases by $100 and accounts receivable decreases by $100.

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Measuring performance relative to planned objectives and standards is part of:.

oksian1 [2.3K]

Measuring performance relative to planned objectives and standards is part of controlling.

<h3>What is controlling?</h3>

Controlling helps to manage, supervise or oversee a given task or assignment.

It helps to measure how far or well a given task has been done relative to the target.

Therefore, Measuring performance relative to planned objectives and standards is part of controlling.

Learn more on controlling here,

brainly.com/question/25453419

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2 years ago

Corporation has 11,900 shares of $100 par value, 7%, preferred stock and 45,000 shares of $10 par value common stock outstanding

likoan [24]

Answer:

$249,900

Explanation:

The dividend in arrears on December 31, 2020 is shown below:

= Number of preferred shares × par value × dividend rate × number of years

= 11,900 shares × $100 × 7% × 3 years

= $249,900

The 3 years is taken from December 31, 2017 to December 31, 2020

Moreover, it is not reflected on the liability side but is should be disclosed on the owners equity notes section

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3 years ago

according to age-earnings data, group of answer choices high earnings are due to motivation and innate ability, rather than educ

Delvig [45]

One of the indicators used in research on income levels is age. The result of research on age-earnings data is that investments in education result in higher earnings. Hence, the correct option is (D).

<h3>What is the Relationship Between Education and Earnings?</h3>

Based on the results of the research, it was found that people who have a higher level of education tend to have a higher level of income. This makes sense because, with a high level of education, a person basically has higher job opportunities. In addition, the knowledge possessed by someone with higher education allows that person to find the most appropriate solution to problems that exist in the business world.

Learn more about the relationship between employment and education at brainly.com/question/29338947

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1 year ago

Hey there,

gtnhenbr [62]

I am the age 17 and I am A)Single

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3 years ago

Read 2 more answers

Stephani Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of May. Prior t

VashaNatasha [74]

Answer:

the manufacturing overhead for the month should be overapplied by $16,000

Explanation:

Given that

The debit to the manufacturing overhead is $53,000

And, the credit balance is $69,000

So, it should be overapplied by the

= $53,000 - $69,000

= $16,000

Therefore the manufacturing overhead for the month should be overapplied by $16,000

This is the answer but the same is not provided in the given options

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3 years ago