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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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Magic City Enterprises manufactures a beautiful bookcase. Listed below are a number of costs incurred. Identify each cost as eit

FrozenT [24]

Answer:

1. Factory Rent = Fixed , Product (Indirect Cost)

2. Advertising = Fixed , Period

3. Packing Supplies for Shipping = Variable, Period

4. Factory Security Guard = Fixed, Product (Indirect Cost)

5. Wages of Employees Who Sand the wood = Variable, Product (Direct Cost)

6. Administrative Assistant in Corporate office = Fixed , Period

7. Paper Towels in the Men's Room in the Factory = Fixed , Product (Indirect Cost)

8. Executive Jet = Fixed, Period

9. Lumber = Variable, Product (Direct Cost)

10. Depreciation on Factory Tools (Straight-Line) = Fixed, Product (Indirect Cost)

Explanation:

Product versus Period Cost.

A product cost is attached to the cost object and is included in the valuation of the cost object.All manufacturing costs are product costs.

Period costs are not attached to the products. Non-manufacturing costs are Period costs.

Fixed versus Variable.

Behavior of costs in relationship with Activity will tell us whether a cost is a Fixed cost or Variable Cost.

Fixed Costs remain the same for any level of activity, whilst variable costs vary in direct proportion to with the level of activity.

Direct versus Indirect.

By observation of the cost object, we are able to identify is a cost is a direct cost or indirect cost.

Direct costs can be easily traced on the cost object. Indirect costs are difficult to trace on the cost object.

4 0

3 years ago

Tom Gettback buys 100 shares of Jobnson Walker stock for $87.00. per share and a 3-mont Johnson Walker put option with an exerci

Bad White [126]

Answer:

b. $200 loss is the correct option

Explanation:

=100*(105-87)+(MAX(105-105,0)-20)*100

=-200

7 0

3 years ago

If a sign has a white background, it is most likely _____.

nexus9112 [7]

<u>Answer: </u>Safety instructions

<u>Explanation:</u>

Safety measures and instructions for safety everything has white back ground board. This increases the visibility of the board and has clarity for the viewers. These sign boards try to give information of things to be done to be safe.

Also the white background boards have letters in black that will increase the readability. These signboards can be seen in streets, highway, railways, airplanes etc. These signboards help to prevent unnecessary accidents and it is precautionary measure.

3 0

3 years ago

Product modification occurs even when changes are made to a product's aesthetic appearance rather than its quality and functiona

Rainbow [258]

False :
because a product modification occurs when changes are made in how the product functions, its quality, or some aesthetic characteristic of the product.
(Here it’s says only the aesthetic but it’s all)

8 0

3 years ago

Research ________ are specific, measurable goals the decision maker seeks to achieve in conducting the marketing research

zvonat [6]

<h2><u>Answer:</u></h2>

<em>Research </em>objectives<em> are specific, measurable goals the decision maker seeks to achieve in conducting the marketing research.</em>

<h2><u>Explanation:</u></h2>

<em>Marketing research serves marketing management by providing information which is relevant to decision-making. Marketing research does not itself make the decisions, nor does it guarantee success. Rather, marketing research helps to reduce the uncertainty surrounding the decisions to be made.</em>

4 0

1 year ago