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3 years ago

* Distinguish between Accounts Receivable and Account Payable.

Business

2 answers:

Romashka-Z-Leto [24]3 years ago

7 0

Answer:

Accounts receivable are the amounts owed to a company by its customers. it is an asset to the company

accounts payable are the amounts that a company owes to its suppliers.it is a liability to the company

Explanation:

geniusboy [140]3 years ago

6 0

Explanation:

Accounts receivable is money owed to a company by its debtors.

Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.

Read more on common stock:

brainly.com/question/25749153

5 0

3 years ago

HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of

marissa [1.9K]

Answer:

$38,265

Explanation:

Beg RE = $29,825

Plus Net Income = $6,540

Minus Dividends = ($2550)

Plus New Stock = $4450

Ending RE = $38,265

6 0

2 years ago

The following information is available for Barkley Company: 2017 2016 Accounts receivable $ 360,000 $400,000 Inventory 280,000 3

lubasha [3.4K]

Answer:

4.0 times

Explanation:

Given that,

2016:

Accounts receivables = $400,000

Inventory = 320,000

Net credit sales = 1,400,000

Cost of goods sold = 1,060,000

Net income = 170,000

2017:

Accounts receivables = $360,000

Inventory = 280,000

Net credit sales = 3,000,000

Cost of goods sold = 1,200,000

Net income = 300,000

Inventory turnover ratio refers to the ratio between the cost of goods sold and average inventory.

Average inventory:

= (Beginning inventory + Ending inventory) / 2

= ($320,000 + $280,000) / 2

= $300,000

Therefore, the inventory turnover ratio for 2017 is as follows:

= Cost of goods sold / Average inventory

= 1,200,000 / 300,000

= 4.0 times

6 0

3 years ago

3 Is there any way to enjoy some small daily purchases and also make wise, long-term decisions when it

White raven [17]

Answer:

The answer is below

Explanation:

To be able to enjoy some small daily purchases and also make wise, long-term decisions when it comes to spending and saving, you will need to take the following steps:

1. Ensure you have a plan: this will describe your short term and long term goals about your finances

2. You can start with an 80%/20% rule. Here, you spend 80% of your income and save 20%. You can increase that later to 70/30%

3. After sometimes, invest 80% of your savings and keep 20%

4. Use credit when only necessary

5. Enjoy yourself sometimes by spending the money for yourself adequately.

6. Keep learning how to maximize your income.

5 0

2 years ago

ignoring differences in the useful lives of investments when evaluating capital expenditure alternatives can distort present val

vodka [1.7K]

Answer:

Yes, it does.

Explanation:

It definitely impacts the present value analysis. If we are evaluating two proposals and we ignore the useful lives of the investments, then

The present values of the investment proposals will be inaccurate.
The cash flows might be inaccurate.
The discount factor to be used will also be inaccurate.
The overall results will be misleading.
The tax credits and balancing allowances and charges will also be inaccurate.

6 0

3 years ago