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gayaneshka [121]
2 years ago
6

What are the accounting differences between cash and receivables from the perspective of a buyer? A seller? How are these differ

ences changed by the accounting basis (cash vs. Accrual) an organization chooses?
Business
1 answer:
bogdanovich [222]2 years ago
6 0

Answer:

From a buyer's perspective, a sale made on credit represents a liability. While a sale made on cash represents a decrease of current assets.

From a seller's perspective, a sale made on credit or cash increases current assets, but the possibility of a bad debt always exist, therefore, accounts receivables must be periodically adjusted due to bad debts.

If the seller or buyer uses accrual accounting system, the previous description holds, but if they use cash basis accounting, things change a lot. When use cash basis, transactions are recorded only when cash is exchanged, so accounts receivables do not actually increase assets (seller's perspective), and accounts payables do not increase liabilities (buyer's perspective).

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Suppose iron ore is an input in producing steel. how will a decrease in the price of iron ore affect the market for​ steel
Lunna [17]
Direct relation. If iron is used to make steel, and iron is cheaper now, steel will also be cheaper. Decrease in price can mean they have a bunch of it, a surplus.
Supply and demand says if you got a lot of something prices go down. So if you have a lot of cheap iron, you can make a lot of cheap steel
3 0
3 years ago
Actions, attire, grammar usage, and proofreading all affect the ________ of an employee.
alexdok [17]

Answer:

The most appropriate answer is professionalism.

Explanation:

The professionalism of an employee can be seen by the action he does in working, attire he wears at work, grammar usage in emails and letters written by him and many more other things.

A person who takes care of the action, attire, grammar usage, proofreading seems to be more professional as compared to the person who doesn't care about these things.

Hence the most appropriate answer is professionalism.

4 0
3 years ago
Which of the following integrates the functions of operations management, logistics management, procurement, and marketing chann
MA_775_DIABLO [31]

Answer: Supply chain management

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The supply chain manager also supervises the various channels of supply of a company's product.

7 0
3 years ago
The manager of a consumer products firm said, "We use the brand manager position to train future executives." Why do you think t
adelina 88 [10]

Answer:

In marketing, brand management begins with an analysis on how a brand is currently perceived in the market, proceeds to planning how the brand should be perceived if it is to achieve its objectives and continues with ensuring that the brand is perceived as planned and secures its objectives.

8 0
2 years ago
The following is an example of the reasoning of a rule utilitarian:
Aleks [24]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, the concept of <em>"Rule Utilitarism"</em> refers to a type of utilitarism in where the main characteristic is in the belief that an action is right when it conforms to a rule that leads to the greatest good. Therefore that under this type of ideology, the utilitarians believe that an action would be right when the amount of good that it brings is greater than the action itself. And that is why that for an utilitarian to steal would not be wrong in the case that a greater good would come afterwards for the majority, so that means, better consequences.

7 0
3 years ago
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