Expenses incurred on account increase the accounts receivable balance

Answers

Answer 1

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Crash Course in Accounting and Financial Statement Analysis, Second Edition by Matan Feldman, Arkady Libman

Changes in Accounts Receivable

Recall that net income (the last line on the income statement and the first line on the cash flow statement) captures revenues and expenses based on the accrual method of accounting. As such, credit sales, in addition to cash sales, may be recorded as revenues.

The sales generated on credit are recorded on the balance sheet as accounts receivable, while cash revenues are recorded on the balance sheet as cash.

I hope I explained well.

If accounts receivable increased from one year to the next, the implication is that more people paid on credit during the year, which represents a drain on cash for the company, as some of the revenues that came in during the year increased the accounts receivable balance instead of cash.

Conversely, if accounts receivable decreased from one year to the next, the implication is that those old accounts receivable were collected (i.e., credit sales were eventually converted into cash sales), representing cash inflow for the company.


Related Questions

A can factory requires 2 sheets of metal to make 36 cans and 10 sheets of metal to make 180 cans. The proportionality constant between the number of cans made and the number of sheets of metal used is 36 18 288 5

Answers

Answer:From the statement above, we can say that there is a direct relationship between the number of sheets used to the number of cans that can be made. That is, # of sheets is directly proportional to # of cans. We make an equation as follows:

let y = # of sheets

    x = # of cans

y = kx      where k is the proportionality constant

Assuming linear relationship of the two, we can use either data point as follows:

y = kx

2 = k(36)

k = 1/18

Therefore, the proportionality constant is 1/18.

Step-by-step explanation:

4. Ariel loves to go to baseball games. This season she has already attended 23 New York Ducks games. If
Ariel attended nine more weekend games than weekday games, how many weekday games did she attend.

Answers

Answer: She attended to 7 weekday games.

Step-by-step explanation:

Let's denote our variables as:

Wd = number of weekday games that she attended.

We = number of weekend games that she attended.

We know that in total, she attended to 23 games, so we have:

Wd + We = 23.

"If  Ariel attended nine more weekend games than weekday games" can be written as:

We = Wd + 9.

Then we have the system of equations:

Wd + We = 23.

We = Wd + 9.

The first step would be to replace the second equation into the first one, as:

Wd + We = 23.

Wd + (Wd + 9) = 23

Now we can solve this for Wd.

2*Wd + 9 = 23

2*Wd = 23 - 9 = 14

Wd = 14/2 = 7

She attended to 7 weekday games.

And:

We + 7 = 23

We = 23 - 7 = 16

She attended at 16 weekend games.

PLZ HELP ASAP! ANSWER ALL FOR BRAINLIEST

Answers

Answer:

4.

-building

-artisting

-selling

-making good

-trading

-farming

5. "Being settled meant being tied to land and possessions; being nomadic meant having a mobile community with a mobile food supply. This allowed nomads to attack and plunder resources. They could gain access to agricultural products without having to farm or trade."

6. " They were also trained in riding and archery, as they sometimes had to defend their communities from outsiders. Women’s graves sometimes contained weapons, suggesting they had a role in military life as well."

Step-by-step explanation:

What is 2.5 × 15.625

Answers

Answer:

39.0625

Step-by-step explanation:

Answer:

39.0625

Step-by-step explanation:

convert 35 kg into lb, then round it to two decimal places ​

Answers

Answer:

77.16 lbs

:)))))))))))))

The heat in the house is set to keep the minimum and maximum temperatures (in degrees Fahrenheit) according to the equation |x – 72.5| = 4. What are the minimum and maximum temperatures in the house? 72.5°F and 76.5°F 68.5°F and 76.5°F 70.5°F and 74.5°F 72.5°F and 74.5°F

Answers

Answer:

The minimum and maximum temperatures in the house are 68.5°F and 76.5°.

To keep the house in heat, the minimum and maximum temperature is set to option 68.5°F and 76.5°F.

What is a word problem?

A word problem is a verbal description of a problem situation. It consists of few sentences describing a 'real-life' scenario where a problem needs to be solved by way of a mathematical calculation.

For the given situation,

The equation |x – 72.5| = 4.

The minimum and maximum temperatures can be found by substituting +4 and -4 in x.

Minimum temperature,

⇒ [tex]|+4-72.5|=|-68.5|[/tex]

⇒ [tex]68.5[/tex]

Maximum temperature,

⇒ [tex]|-4-72.5|=|-76.5|[/tex]

⇒ [tex]76.5[/tex]

Hence we can conclude that to keep the house in heat, the minimum and maximum temperature is set to option 68.5°F and 76.5°F.

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Mr. Monasterio ran to The Burrito Barn at 10mph. He ate too many burritos and slowed to 6 mph on the way home. Find the time going to The Burrito Barn if the time coming back took 2 hours more than the time going. Don't forget to include units.

Answers

Answer:

it was 3 hours

Step-by-step explanation:

the thing said so

A projectile is launched from ground level with an initial velocity of 89 ft/sec. It's height(ft), t seconds after launching is given by s=-16t^2 + v0t + s0. a) Fine the time(s) the projectile will reach a height of 100 feet. b) find the time it takes the projectile to hit the ground

Answers

Answer:

Step-by-step explanation:

Initial Velocity of projection = 89ft/sec

height(ft), t seconds after launching is given by s=-16t^2 + v0t + s0

A) time the projectile will reach a height of 100 ft

s=-16t^2 + v0t

v0 = 89ft/sec

s = 100ft

100 = - 16t² + 89t

-16t² + 89t - 100 = 0

Using the online quadratic equation solver;

t = 4s or t = 1.5625

CR 3
Part A: Which sentence about integers is NOT ALWAYS TRUE (1 point)
A. positive -positive = positive
B. positive + positive = positive
C. negative + negative = negative
D. positive - negative = positive

Answers

Answer:

A. positive -positive = positive

write the sentence as a equations


the product of 248 and a is 391​

Answers

Answer:

248*a=391

Step-by-step explanation:

Kelly works 8 hours less than three times as much as Marcy works for the week. Which expression represent
the number of hours Kelly works in relation to Marcy.

Answers

Answer:

X= 3y-8

Where

X represent hours worked by Kelly

Y represent hours worked by Marcy

Step-by-step explanation:

Kelly works 8 hours less than three times as much as Marcy works for the week.

Let the number of hours worked by Kelly= x

Let the number of hours worked by Marcy= y

X= 3y-8

Jennifer paid $13.37 for a pack of 12 pairs of sport socks. What was the price of a pair of sport socks

Answers

Answer:

Each pair of socks cost around $1.11 excluding taxes.

Step-by-step explanation:

To find how much it costs for one pair of socks, divide the cost with how many pairs there are.  

13.37/12 = 1.11426...

Since we are determining the cost of each pair of socks, it's only justifiable if we round it to the nearest hundredths.

Therefore, a pair of socks cost around $1.11 excluding taxes.  

Can somebody please solve these thank you!

Answers

Answer:

1/2(-1/3)=-1/6

-2/5(-5/9)=2/9

-3/4(8/9)=-2/3

Answer:

1/2 multiplied by (-1/3)=-1/6 or 0.166666667

-2/5 multiplied by (-5/9)=2/9 or 0.222222222

-3/4 multiplied by 8/9=2/3 or 0.666666667

you just multiply.


Community Gym charges a $55 membership fee and a $40 monthly fee. Workout Gym
charges a $125 membership fee and a $30 monthly fee. How many months will it take for
the cost of both gyms to be the same? and what is the cost of the gyms during that number
of months?

Answers

The gyms can be represented by these equations, with x for months. 40x+55= 30x+125. Combine like terms. First, subtract 30x from both sides, and you get 10x+55=125. Subtract 55 next. You now have 10x=70. Divide by 10, and you get x=7. It will take 7 months for them to be the same. To find the cost, you can plug in x. 40(7)+55=335. 30(7)+125=335. The cost is $335.

Suppose we want to know whether students who study more (hours per week) have a higher grade point average. What kind of question is this? *

Answers

Answer:

See who studies and who doesnt then compare

Step-by-step explanation:

See who studies and who doesn't

take the assignment

ask for the score of the people who did and for who didn't

collect the data and organize it

Gummi bears come in twelve flavors, and you have one of each flavor. Suppose you split your gummi bears among three people (Adam, Beth, Charlie) by randomly selecting a person to receive each gummi bear. Each person is equally likely to be chosen for each gummi bear.
(a) What is the probability that Adam gets exactly three gummi bears?
(b) If you know that each person recieved at least one gummi bear, what is the probability that Adam gets exactly three gummi bears?
(c) What is the expected number of gummi bears that Adam gets?
(d) If you know that each person recieved at least one gummi bear, what is the expected number of gummi bears that Adam gets?
(e) Is there more variance in the number of gummi bears that Adam gets with or without knowing that everyone gets at least one gummi bear? Explain your answer without calculations.

Answers

Step-by-step explanation:

From the given gummi bear, the chance that Adam is selected for any draw is 1/3 as well as the chance he is not selected at any draw is 2/3.

a). The probability of Adam getting exactly three gummi bears = P(Adam gets selected at 3 draws and not selected at the remaining 9 draws)

= [tex]$ (\frac{1}{3})^3 (\frac{2}{3})^9 = \frac{2^9}{3^{12}} $[/tex]

Now, the 3 draws where Adam gets selected can be any 3 out of 12 draws in [tex]$ {\overset{12}C}_3 $[/tex] = 220

Thus, probability of Adam getting three gummi bears = [tex]$ 220 \times \frac{2^9}{3^{12}} $[/tex]

                                                                                                = 0.21186

b). Probability that Adam will get the three gummi bears given each person will received at the most 1 gummi bear

= P(of the remaining 9 draws after assigning one gummi bear to each one, Adam gets selected at 2 draws and not selected at 7 draws) = [tex]$ {\overset{9}C}_2 (\frac{1}{3})^2 (\frac{2}{3})^7 $[/tex]

                                                                                               = 0.23411

c). Let X = Number of the gummi bears which Adam will get. Then, X = number of draws out of 12 draws Adam gets selected and X ~ B(12, 1/3). So,  Adam will get gummi bears= mean of B(12, 1/3) = 12 x (1/3) = 4

d). Let Y = Number of the gummi bears that Adam will get, given each person will received at the most 1 gummi bear Then, Y = number of draws Adam gets selected in the remaining 9 draws and Y ~ B(9, 1/3). So, the expected number of bears that Adam gets given each person received at least 1 gummi bear

= 1 + mean of B(9, 1/3) = 4

e). When every one gets atleast one gummi bear, the new sample size will be 9 and so we can say that there is a reduction in variance.

The number of hours a group of 12 children in Mrs. Smith's kindergarten class read in a day.

Answers

Anwser: 30min no more

Answer:

30 minuetes because their brain can take so many

Step-by-step explanation:

You flip a fair coin until you see three tails in a row. What is the average number of headsthat you’ll see until gettingTTT?

Answers

Answer:

14

Step-by-step explanation:

From the given information:

suppose, Y is the number of times a coin is being flipped.

If the coin is flipped for the first time and we get H, then we have:

TTT = [tex]\dfrac{1}{2}(Y+1)[/tex]

Afterward, if we get H, then we waste two times plus the probability of this event [tex]\dfrac{1}{4}[/tex].

Therefore, we have : [tex]\dfrac{1}{4}(Y+2)[/tex]

Afterward, if we get H, then we waste three times plus the probability of this event [tex]\dfrac{1}{8}[/tex].

Therefore, we have : [tex]\dfrac{1}{8}(Y+3)[/tex]

If we got T at the third time, then;

T = [tex]\dfrac{1}{8}(3)[/tex]

Thus, average number of headsthat you’ll see until gettingTTT can be expressed as:

[tex]= \dfrac{1}{2}(Y+1)+ \dfrac{1}{4}(Y+2)+ \dfrac{1}{8}(Y+3)+ \dfrac{1}{8}(3)[/tex]

= 14

Jamie will choose between two catering companies for an upcoming party. Company A charges a set up fee of $500 plus $25 for each guest. Company B charges a set up fee of $200 dollars plus 30per guest. How many guests are need where the price is equal

Answers

Answer:

60 guests

Step-by-step explanation:

We'll say that the number of guests is n.

We're looking for the n where both of these expressions are equal:

Company A (500 set-up fee, 25 for each guest)

500 + 25 * n

Company B (200 set-up fee, 30 for each guest)

200 + 30 * n

500 + 25n = 200 + 30n

Subtract 200 from both sides.

300 + 25n = 30n

Subtract 25n from both sides.

300 = 5n

We'll reverse the sides.

5n = 300

Divide both sides by 5.

n = 300/5 = 60

Thus, both companies are equal when n is 60, or when there are 60 guests.

For what values of x will the result of 5 x be greater than 1?

Answers

Answer:

2&3

Step-by-step explanation:

2+3=5 or 3+2=5

You can continue on but you would need to use one and these are the two that are greater than 1 but make up 5.

The values of x for which the result of 5 x be greater than 1 would be 2 and 3.

What is the unitary method?

The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.

If an event can occur in m different ways and if following it, a second event can occur in n different ways, then the two events in succession can occur in m × n different ways.

WE need to find the values of x for which the result of 5 x be greater than 1

WE can have that as;

2+3=5

or

3+2=5

Also we can continue on but we would need to use one and these are the two that are greater than 1 but make up 5.

Therefore, the values of x for which the result of 5 x be greater than 1 would be 2 and 3.

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Which of the following is NOT equivalent to 60/80?
A.)3/4 B.)75% C.)7.5 D.)0.750

Answers

Answer:

C

Step-by-step explanation:

Everything else is equivalent.

Hope this helps!

Answer:

C. 7.5

Step-by-step explanation:

60/80 = 3/4 = 75% = 0.75

Everything is equal except for 7.5 because 7.5 = 750%

Hope This Helps :)

20% of ___= 100 Find the answer

Answers

Answer:

500

Step-by-step explanation:

20% of x = 100

Write 20% as a decimal - - > 0.2(x) = 100

Isolate and solve for x - - > x = 100/0.2

Therefore, x = 500

Answer:

500

Step-by-step explanation:

Let the no. be x

20% of x = [tex]\frac{20}{100} x[/tex]

And ,

[tex]\frac{20}{100} x = 100\\=> 20x = 10000\\ => x = \frac{10000}{20} = 500[/tex]

What is the y-intercept of the linear equation x-3y=-6?

Answers

To find the y-intercept, let x = 0.

0 - 3y = -6

-3y = -6

y = 2

The y-intercept of the equation is the point (0, 2).

Answer:

2

Step-by-step explanation:

Solve the equation for y. First subtract x from both sides then divide by -3. The result is y=1/3x+2 with the number "2" representing the y-intercept.

Consider the sequences of numbers.
5, 10, 15, 20, 25, 30, 35, 40, 45, . . .
10, 20, 30, 40, 50, . . .
Which statements are true regarding the patterns of the sequences? Check all that apply.
The first pattern involves repeated addition by 5.
The second pattern involves repeated addition by 10.
The first pattern involves multiplication by 2.
If a number is in the first pattern, then it is also in the second pattern.
The second pattern can be created by multiplying each number in the first pattern by 2.

Answers

Answer:

1,2,5

Step-by-step explanation:

The first pattern has a difference of 5 while the second is 10 and become by multiplying 2 in pattern 1 so options (A),(B), and (E) will be correct.

What is the pattern?

A pattern is a specific arrangement of numbers or any term which will follow a specific code or hint.

The hint which is present in a given pattern hides in the pattern only.

For example 2,4,6,8 in this, the difference between any two-term is only 2 and this will be its specific pattern.

Another example is 2,4,16,256 in this pattern each term is the square of the previous term and this will become its specific pattern.

Given the two patterns.

In the first pattern, each term become by adding 5 so option (A) is correct.

In the second pattern, each term become by adding 10 so option (B) is correct.

The term in the second pattern becomes by multiplying 2 in pattern 1

For example 5× 2 = 10 and 10 × 2 = 20 so option (E) will be correct.

Hence "The first pattern has a difference of 5 while the second is 10 and become by multiplying 2 in pattern 1".

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How is making a ten to add the same as making a ten to subtract? How is it different?

Answers

Answer:

when adding a ten the number goes higher but when subtracting ten the number is lower than the original number  

Step-by-step explanation:

for example :

20+10= 30 ( its greater )

90-10=80( is lower )

What is the area of the figure?

Answers

Answer:

33[tex]\frac{1}{2}[/tex]

Step-by-step explanation:

Calculate the area of the large figure by multiplying the length and the width (7[tex]\frac{1}{4}[/tex]*6). Then, calculate the area of the smaller figure (5*3[tex]\frac{2}{3}[/tex]). Finally subtract  the area of the smaller figure from the area of the larger figure. ((7[tex]\frac{1}{4}[/tex]*6)-(5*3[tex]\frac{2}{3}[/tex])

Hope this helps!

what does x = in this equation? 7x-2+2x+14=33

Answers

Answer:

x = 7/3

Step-by-step explanation:

First, combine like terms:

7x + 2x - 2 + 14 = 33

(7x + 2x) + (14 - 2) = 33

9x + 12 = 33

Isolate the variable, note the equal sign, what you do to one side, you do to the other. Do the opposite of PEMDAS.

First, subtract 12 from both sides:

9x  + 12 (-12) =  33 (-12)

9x = 33 - 12

9x = 21

Next, divide 9 from both sides:

(9x)/9 = (21)/9

Simplify. Divide common factors:

x = (21/9)/(3/3) = 7/3

x = 7/3

x + y = -50
y = 4x

Answer (x,y)

Answers

Answer:

x = -10 ; y = -40

Step-by-step explanation:

Note:

y = 4x.

Plug in 4x for y in the first equation:

x + y = -50

x + (4x) = -50

Solve for x. First, simplify, then isolate the variable, x.

x + 4x = -50

5x = -50

Divide 5 from both sides of the equation.

(5x)/5 = (-50)/5

x  = -50/5

x = -10

Plug in -10 for x in one of the equations:

y = 4x

y = 4(-10)

y = -40

x = -10 ; y = -40 is your answer.

~

X equals -10 and Y equals -40

Gena and her friends each estimated the quotient of –137.56 divided by –6.12 using compatible numbers. Which shows the best estimate using compatible numbers? ​

Answers

Answer:

i think it would be a.

Step-by-step explanation:

Answer:Gena and her friends each estimated the quotient of –137.56 divided by –6.12 using compatible numbers. Which shows the best estimate using compatible numbers?

Negative 140 divided by negative 7 = 20

Negative 140 divided by 6 = 23.ModifyingAbove 3 with bar

Negative 135 divided by negative 7 = 22.5

Negative 135 divided by negative 5 = 27

Step-by-step explanation: The answer is A because it is showing the right way to do the step

In a triangle, the measure of one angle is five more than the first and the third angle is one more than four times the first.

Answers

Answer:

A= 29

B=34

C=117

Step-by-step explanation:

A triangle has three sides and a triangle always adds up to be 180

A + B + C = 180

B = A + 5

C = 4A + 1

Plug in.

A + A + 5 + 4A + 1 = 180

6A + 6 = 180

6A = 174

A = 29

Now since you found A, find the other two by plugging A in!

C = 4(29) + 1

C = 117

Plug in the B equation

B = 29 + 5

B=34

Check your answers

29 + 117 + 34 = 180

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Solve |f6| = |f+8| Can someone please help me with this question? I'm stuck. Chang Industries has bonds outstanding with a par value of $210,400 and a carrying value of $218,600. If the company calls these bonds at a price of $214,000, the gain or loss on retirement is: I need help the pg of the Spanish book is R-40 What European nation led the way towards exploring the world? France England Spain Germany Which part of a phospholipid is hydrophilic Manufacturing Which of the following is a type of PPE used for fall protection?A. Floor guardsB. Chest Harness C. Bucket truckD. Scaffolding How did goods produced for the French kings embody prestige? the pressure of a gas is 100.0kpa and its volume is 500.0ml if the volume increase to 1000.0ml what is the new pressure of the gas Context clues in the passage shows that deities means 21/[2*(19-14)-3] (the / means division btw)(* means multiply) Alpha Company reported the following financial statement information:December 31, 2006:Assets $70,000 Liabilities 45,000December 31, 2007:Assets 82,000Liabilities 55,000During 2007:Stockholder investments 3,000Net income ?Dividends 6,000Calculate Alphas net income for the year ended December 31, 2007 and the change in stockholders equity for the year ended December 31, 2007.Net income Change in stockholders' equityA. ($3,000) $2,000 increaseB. $5,000 $2,000 increaseC. $5,000 $2,000 decrease I was an influential writer during the American Revolution who promoted independence, and was a member of the Daughters of Liberty. Who am I? Pocahontas please get it right best awnser and right gets brailiest 22 points and please hurry it is timed Mercy Otis Warren Martha Washington Abigail Adams 4. Which statement gives you enough information to say that the atom is electrically neutral?O A. The atom has 15 neutrons and 15 electrons.OB. The atom has 4 neutrons and 4 protons.O C. The atom has 7 protons and 7 electrons.O D. The atom has 19 electrons and 19 neutrons. Di si la siguiente oracin es cierta o falsa.El espaol tiene principalmente palabras de origen europeo y prcticamente no tiene palabras de origen indgenaamerindio (indgenas americanos).O TrueFalse How do the chemical characteristics of carbon affect the characteristics of organic molecules? Chuck, a single taxpayer, earns $58,500 in taxable income and $20,800 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule.)Required: How much federal tax will he owe? What is his average tax rate? What is his effective tax rate? What is his current marginal tax rate? anyone help please ? Performing this task is horribly time consuming and ridiculous." It would be harmful if his _________ was originally enthusiastic. Katie has a collection of nickels dimes and quarters with a total value of $4.60. there are 6 more dimes than nickels and 8 more quarters than nickels. How many of each coins does she have? What happens if you are caughtcheating on a DMV test?