Account Receivables

Question by Mickie: How do you solve the following equations by factoring? – Says I have to solve the equation by using the Principle of Zero Products, and if the equation can’t be solved by factoring, I should say so. 1. 4x²-x- 42 =0 2. 2y²-4y-48 =0 3. 3x²-4x-7 =0 4. 9x²-25 =0 Thank you [...]

Question by Sean Austin M: Brazos Corporation has the following information available on December 31, 2008, the end of the company’s firs? Accounts payable $ 550 Accounts receivable 280 Cash ?? Common stock 2,150 Equipment 3,100 Land 2,550 Notes payable 1,000 Retained earnings 6,010 Supplies 70 What is the balance of Cash for Brazos Company [...]

Question by pitcheer358: financial accounting help! which of the following should be added to net income in calculating net cash flow? from operating activities using the indirect method?? a. preferred dividends declared and paid b. a decrease in accounts payable c. an increase in inventory d. a decrease in accounts receivable Best answer: Answer by [...]

Question by Gaston: Using the following data from the comparative balance sheet of Rodenbeck Company, illustrate vertical analysis? December 31, 2009 December 31, 2008 Accounts receivable $ 520,000 $ 400,000 Inventory $ 840,000 $ 600,000 Total assets $ 3,000,000 $ 2,500,000 Vertical Analysis Dec. 31, 2009 Dec. 31, 2008 Amount Percentage Amount Percentage Accounts receivable [...]

Question by chillwithayt: Which of the following is not typically considered to be a “hot asset?”? a.Accounts receivable of a cash basis partnership. b.Inventory with a basis of $ 10,000 and a fair market value of $ 15,000. c.Depreciation recapture potential. d.Stock held for investment. e.Land held for development. Best answer: Answer by KalisDear see [...]

Question by smooth_07: A firm’s new president wants to strengthen the company’s financial position. Which of the following actions wo? a) Increase EBIT while holding sales constant. b) Increase notes payable while holding sales constant. c) Increase inventories while holding sales constant. d) Increase accounts payable while holding sales constant. e) Increase accounts receivable while [...]

Question by Mastermason: Meredith Cleaners has the following balance sheet items.? Meredith Cleaners has the following balance sheet items. Accounts payable Accounts receivable Cash Notes payable Cleaning equipment Salaries payable Cleaning supplies Common stock Instructions Classify each item as an asset, liability, or stockholders’ equity. Best answer: Answer by capwest5aAccounts payable – liability Accounts receivable [...]

Question by black&angel: On December 31 of the current year, a company’s unadjusted trial balance included the following: ? On December 31 of the current year, a company’s unadjusted trial balance included the following: Accounts Receivable, debit balance of $ 97,250; Allowance for Doubtful Accounts, debit balance of $ 951. What amount should be debited [...]

Question by kevin: Classify the following items below as an Asset, a liability , or stockholders equity? a.Accounts payable b.Common stock c.Supplies d.Retained earnings e.land f.prepaid expenses g.Accounts receivable h.Long-term debt i.Merchandise inventory j.Notes payable k.Expenses payable l.Equipment first one to get them all right gets the points Best answer: Answer by AshleyA. Liability B. [...]

Question by Hilo G: Which of the following entries records the payment of rent for the current month? Cash, debit; Rent Expense, credit Rent Expense, debit; Cash, credit Rent Expense, debit; Accounts Receivable, credit Accounts Payable, debit; Rent Expense, credit Best answer: Answer by jwishzdr rent expense cr cash Add your own answer in the [...]