Answer:
BRO YOU STILL ON THIS TONY THING xDDDD
Explanation:
As used in government accounting, expenditures are decreases in net assets. Hence, option A is correct.
<h3>What is
net assets?</h3>
The net assets are the total assets of the company minus the liability of the company, which is the basic calculation of the net assets. It is calculated at the time of preparing a company's balance sheet, and for this purpose, the person has to calculate the trading and profit and loss of the company.
Net assets are considered the equity of the company, and it is the retained earnings of the company. The corporation retains its profits and does not disperse them to the owners. Profits are retained in the company to support its expansion.
Thus, option A is correct.
For more details about net assets, click here:
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Three numbers are in the ratio of 3:5:7. If the largest number is multiplied by 3, the result is 26
more than the sum of the first and second numbers. Find the numbers
Answer:
The answer is 4.6
Explanation:
The formula for receivable turnover equals:
Net sales (credit sales) ÷ average accounts receivable
Average accounts receivable =
($130,000 + $150,000) ÷ 2
$280,000 ÷ 2
= $140,000
Therefore, receivables turnover ratio is
$645,000/$140,000
= 4.6