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3 years ago

What are accounts payable and accounts receivable?

Business

2 answers:

Amiraneli [1.4K]3 years ago

7 0

payable = money owed by a company to its creditors

receivable = money owed to a company by its debtors.

ira [324]3 years ago

4 0

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

Accounts receivable are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.

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LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the r

swat32

Answer:

The correct option is D

Labour budget = $1,974,175

Explanation:

The labour budget is the product of the standard labour cost per unit and the budgeted production in units

Labour budget = standard labour cost× production budget in unit

The production budget can bed determined by adjusting the sales budget for closing and opening inventories.

Production budget = Sales budget +closing inventory - opening inventory

Production budget = 39,000 + 100 -200 = 38,900 units

Labour budget = $14.50× 3.5× 38,900 = $1,974,175

Labour budget = $1,974,175

6 0

3 years ago

Mountain View Resorts purchased equipment at the beginning of 2021 for $46,000. Residual value at the end of an estimated four-y

MArishka [77]

Answer:

Straight line depreciation expense = $9,775

Double declining method = $23,000

unit of production method = $6,256

Explanation:

Depreciation expense is used to expense the cost of asset.

Depreciation expense using the straight line depreciation method = (cost of the equipment - Salvage value) / useful life

($46,000 - $6,900) / 4 = $9,775

The depreciation expense in 2021 is $9,775.

Depreciation expense using the double declining method = acceleration factor × net book value

Acceleration factor = 2×(1/useful life)

2(1/4) = 0.5

= 0.5 × $46, 000 = $23,000

Depreciation expense using the double declining method = $23,000

Depreciation expense using the unit of production method =Total use in a given period × [( Cost - Salvage value)/ total productive capacity]

($46,000 - $6,900) /10,000 = $3.91 × 1600 =$6,256

Depreciation expense using the unit of production method = $6,256

I hope my answer helps you.

7 0

4 years ago

A brand new business-to-business purchase that is complex or risky and that requires extensive decision making is called:_______

Marta_Voda [28]

A brand new enterprise-to-business buy this is complex or risky and that requires sizeable decision-making is called: New venture buy.

A brand is a call, term, layout, symbol, or any other function that distinguishes one dealer's top or carrier from the ones of different dealers. certainly put, your emblem is your promise to your client. It tells them what they could count on from your products and services, and it differentiates your providing from that of your competition. Your logo is derived from who you're, who you want to be, and who humans understand you to be.

A corporation's brand is its identity, and it's miles one of the most valued parts of the business. The emblem is what consumers apprehend and competition worry about. company branding is an essential part of marketing an organization's products.

A brand is an intangible advertising or business idea that facilitates humans to pick out a business enterprise, product, or character. people often confuse brands with things like logos, slogans, or other recognizable marks, which are advertising tools that assist promote items and offerings.

Learn more about the brand here: brainly.com/question/25754149

#SPJ4

4 0

1 year ago

Carns Company is considering eliminating its small tools division, which reported an operating loss for the recent year of $85,0

Blababa [14]

I really don’t know this question but aight I’m just in 6 th grade

5 0

4 years ago

In an efficient market:

dem82 [27]

Answer:

The answer is E.

Explanation:

Market efficiency is the degree to which market prices shows all available and relevant information at the same time. And market react react quickly to new information.

If markets are efficient, then all information is already incorporated into prices and possiblity of beating the market is eliminated. In this market, there are no undervalued or overvalued securities available. So an efficient market should also able to earn the appropriate risk-adjusted rate of return

6 0

4 years ago