Answer:
$35,660
Explanation:
the depreciable value of the vehicle = $47,550 - $4,500 = $43,050
depreciation expense per mile driven = $43,050 / 105,000 miles = $0.41
depreciation expense 2019 = $0.41 x 10,500 = $4,305
depreciation expense 2020 = $0.41 x 18,500 = $7,585
accumulated depreciation = $11,890
book value = $47,550 - $11,890 = $35,660
which of the following is a critical componenet that must be developed after selecting a strategic project and identifying a project manager
The project manager is in charge of organizing the project effort among project team members and stakeholders and keeping track of its development.
What are the four main duties of a project manager?Both project management and planning employing any project assurance and delegation tasks and following established reporting mechanisms. Plans for the project, the stage, and the exception should be made and updated as necessary. Developing back-up plans is part of controlling project risks.
What aspect of a project determines its success the most?Any project must have efficient communication from start to finish. The project's scope, desired result, and key players must all be clearly specified at the outset, and the entire team must support the initiative.
What components of the project implementation are most crucial?The most important of a project's four main phases—planning, execution, execution, and closure—is planning. This is due to the fact that how well you plan for your project to prevent deviations will determine its success.
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Identifying returns to scale Imagine Clancy owns a business that produces custom stationery. The only input to production he requires is the stationery printing machines, for which he pays a rental rate (r) of $3 per hour. The following table gives the number of machines required to produce each quantity (q) of stationery per hour. Calculate the total, marginal, and average costs of producing one, two, and three sets of stationery per hour and enter these values into the table. Then, use the red line (cross symbols), purple line (diamond symbols), and green line (triangle symbols) to plot the total, marginal, and average cost curves, respectively, on the graph that follows. Total Cost Marginal Cost Average Cost Quantity (q) Machines per Hour COST PER HOUR (Dollars 50 Total Cost 40 Marginal Cost 30 Average Cost 20 10 OUTPUT PER HOUR (Stationery sets Help Clear All Marco's business faces returns to scale. Additionally, as he increases production, marginal costs are as output rises, meaning that the marginal cost is always average costs.
Marco's business confronts constant returns to scale. As his output increases, his marginal cost remains constant, implying that his marginal cost is always equal to his average cost.
A business is a company or organisation that engages in commercial, industrial, or professional activity. A business's objective is to arrange some type of economic output (of goods or services). Businesses can be for-profit corporations or non-profit organisations with a charity aim or a social cause. From individual proprietorships to massive worldwide enterprises, businesses differ in size and scope. A business is a legal entity that operates for commercial, industrial, or professional interests. The concept starts with an idea and a name, and substantial market research may be necessary to decide whether or not the idea can be turned into a business.
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Shed Industries produces two products. The products' identified costs are as follows:
Product A Product B
Direct materials $25,000 $20,000
Direct labor 11,000 29,000
The company's overhead costs of $59,000 are allocated based on direct labor cost. Assume 9,000 units of product A and 10,000 units of Product B are produced. What is the cost per unit for product A? (Do not round your intermediate calculations, round final answer to two decimal places.)
The cost per unit for product A will be $5.80 which is calculated by dividing total cost by quantity of units produced.
Total cost = Overhead cost(16225)+ Direct labour(11000) + Direct materials(25000)= $52225.
Cost per unit= Total cost/ quantity of produced units.
Cost per unit= 52225/9000= $5.80
Why do we calculate cost?
Cost computation aids in making decisions regarding pricing, manufacturing volume, and sales as well as determining the prices of the goods and services the group sells. The formula for calculating cost per unit adds up fixed and variable costs, which are then divided by the overall number of units produced over a given period of time. Here's how to calculate the price per unit: (Total fixed costs + Total variable costs) / the total number of units produced is the cost per unit.
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TRUE/FALSE. The right to use various designations or phrases in connection with the product, event, or facility, such as official sponsor, official supplier, official product, and presented by, creates exclusivity for a sponsor.
Answer:
true
Explanation:
which of the following statements regarding cash-value life insurance is incorrect? costs much more than term policies. blends pure term insurance with a savings option. allows policy owners to borrow from the policy. only provides pure insurance against unexpected death.
Only provides pure insurance against unexpected death. Cash value life insurance is a type of permanent life insurance that includes a cash value savings component and lasts for the entirety of the policy holder's life.
Is life insurance with cash value a wise investment?Financial advisors do not advise investing in cash-value life insurance unless you have prepared for emergencies and other urgent needs, have maxed out contribution to tax-advantaged retirement funds, such as IRAs and 401(k)s, and are willing to commit to a policy for the long term.
What takes place when I purchase cash value life insurance?The policy will be canceled if all funds are withdrawn. While taking money out of the policy may make sense in some situations, it may reduce the reward that is provided to your dependents after you pass away. Also possible is a surprise tax charge.
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Alberto is a prior client but you are having trouble locating him when you enter his name phone number and date of birth how else can you search for alberto in appoinment manager
Confirming a contract, Always make sure to confirm your plans after you create them. When you create an agreement over the phone in English, be sure to confirm the agreement by repeating the day and time of the gathering to the other party and asking if it is correct.
What is the best way to find the client?When negotiating with someone, you should introduce yourself and explain why you need the agreement.
Additionally, you should inquire about how much time will pass before the agreement is reached and whether a waiting period is necessary. One of the last things you should do before concluding the conversation should be this.
Thus, Confirming a contract.
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GSC bookstore is planning to publish a special secret book "How to make A without efforts in Operations Management?" Fixed costs are $20,000 per year, variable costs per unit are $10, and selling price per unit is $20(i.e., the break-even volume is 2,000 units). What price must each book (unit) be sold for to obtain a yearly profit of $20,000? Assuming that the estimated demand is the same amount at the break-even.
The selling price of each book $20 for to obtain a yearly profit of $20,000.
What is the selling price?When your business reaches a break-even point, total sales equal total expenses. This means you're earning the same amount of money you need to cover your expenses and run your business. When you reach break-even, your company does not profit. However, it does not have a loss.Here given,
Fixed cost = $20,000
Variable cost per unit = $10
Sales price per unit = $20
By substituting the values in the formula,
Break even point = Fixed Costs ÷ (Sales price per unit – Variable costs per unit)
= $20000 / ($20 – $10)
= $20000 / 10
= 2000 units
Total cost = $20,000 +( $10 * 2000)
= $40,000
Selling Price = $40,000 / 2000
= $20
Each book have to be sold for $20 to obtain a yearly profit of $20,000.
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A comparative balance sheet for Carla Vista Corporation is presented below. December 31
Assets 2020 2019
Cash $80,240 $25,960 Accounts receivable 96,760 77,880 Inventory 200,600 223,020 Land 83,780 129,800 Equipment 330,400 236,000 Accumulated depreciation-equipment (87,320) (49,560) Total $704,460 $643,100 Liabilities and Stockholders' Equity Accounts payable $40,120 $55,460 Bonds payable 177,000 236,000 Common stock ($1 par) 193,520 193,520 Retained earnings 293,820 158,120 Total $704,460 $643,100
Additional information: 1. Net income for 2020 was $182,900; there were no gains or losses. 2. Cash dividends of $47,200 were declared and paid. 3. Bonds payable of $59,000 were retired. Compute each of the following: (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) 1. Net cash provided by operating activities $ 2. Net cash provided (used) by investing activities $ 3. Net cash provided (used) by financing activities $
Statement of cash flows for 2020 for marigold Corp.103,600 in profit. Depreciation (65,700 - 32,500) (65,700 - 32,500) 32,200 Receivables growth (86,500 - 70,700) (15,800) . The correct response is net cash provided by operating activities $
Reduction in inventories (170,200 -187,000) 16,800 decrease in obligations (35,400- 46,500). (11,100) 125,700 in net operating cash flow investment the Investment-related cash flows: equipment purchases ($260,700–$200,600) (60,100)
sales of land (100,700 -72,700)
28,000 sales of land (100,700 - 72,700)
28,000 Investment-related net cash flows (32,100) and
Flows of money used for financing activities Paid the dividends dividends (45,500) Renewed bond (53,500)
45,000 shares of common stock were issued. Net financing activity cash flow (54,000) Added to or subtracted from cash 39,600 33.200 is the initial cash balance. 72,800 in the final cash balance.
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Transaction exposure is a foreign exchange risk that:
A: arises when future payment in a foreign currency is involved
B: occurs when subsidiary financial statements are consolidated at the corporate level
C: results from translating values in foreign currencies to the home-country currency
D: cannot be protected against
B: occurs when subsidiary financial statements are consolidated at the corporate level is the correct option.
What does "exchange risk exposure" mean?The risk that a business assumes while conducting transactions in foreign currencies is essentially what is meant by the term "forex exposure." To implement a measured risk management approach when a business wants to transact in other currencies, it's critical that they first determine their risk exposure.
currency exchange risk. the potential loss caused by a negative change in exchange rates. Translation (accounting) (accounting) Exposure. the possibility that changes in exchange rates will affect a company's revenue, assets, liabilities, or stock prices. Method of Current Rate (Translation).
The danger of losing money as a result of an exchange rate fluctuation during a business transaction is known as transaction exposure. Between the dates when a transaction is booked and when it is settled, there are fluctuations in foreign exchange rates that cause this risk.
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1. under acquisition in the ads > campaigns report, which campaign had the most clicks? aw - electronics all products aw - apparel aw - accessories
The right answer is D. The Aw - Accessories strategy garnered the most clicks over acquisitions in the ads > campaigns report.
How is acquisition carried out?When a company purchases the overwhelming or the entire stocks of another corporation in order that take over business, it is said to have made an acquisition. The acquirer can make choices on new found assets without the consent of the target company's other shareholders if they purchase more than 50% of the target company's stock and other assets.
What is meant by acquisition?The term "acquisition" most often refers to the action of gaining an item or the thing itself. The word acquire, which is most frequently used to mean to receive, buy, or study, has a noun form.
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joshua's job is to assess the success of the planning function and provide feedback for future rounds of planning. joshua is engaged in the ____ managerial function.
Joshua's job is to assess the success of the planning function and provide feedback for future rounds of planning. Joshua is engaged in the controlling managerial function.
The managerial functions are making plans, organizing, directing, staffing, and coordinating. and controlling. planning is the system of selecting and developing a high-quality route of motion. to gain a goal. it's by far the keystone of all other management capabilities.
Controlling may be the most vital of the four management features. It affords the information that keeps the corporate intention on track. by using controlling their organizations, managers preserve informed of what is happening; what's running and what isn't always; and what wishes to be persevered, progressed, or modified. main is taken into consideration to be the maximum vital and challenging of all managerial sports. leading is influencing or prompting the organization's members to work together in the interest of the enterprise.
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Which of the following scenarios exemplify how a project manager can use interpersonal skills? Select all that apply.
1 point
The web designer on your project tells you that they’re not sure they can meet the deadline for all the mock up pages. You ask the designer some questions about the project, such as what amount of time they need for each page mock so you can help prioritize what is feasible.
The timeline is set for the Office Green project. You tell the web designer on Wednesday that you’ll need a complete mock up for the site by Friday.
The person on your team in charge of contracts now needs to split their work time with another team. You request a meeting with that team’s project manager to identify if any of their project deliverable dates are competing with your project’s timeline.
You’re managing a project with team members who are on multiple projects. You asked the team members to prioritize your project because you know there are many overlapping due dates.
The scenarios that exemplifies how a project manager can use interpersonal skills include all of the following:
A. The web designer on your project tells you that they’re not sure they can meet the deadline for all the mock up pages. You ask the designer some questions about the project, such as what amount of time they need for each page mock so you can help prioritize what is feasible.
C. The person on your team in charge of contracts now needs to split their work time with another team. You request a meeting with that team’s project manager to identify if any of their project deliverable dates are competing with your project’s timeline.
Who is a project manager?In Business management, a project manager can be defined as an individual who is saddled with the responsibility of assembling a team that have common aims, goals, and objectives, in order to successfully execute and implement a project.
In this context, we can reasonably infer and logically deduce that it is very important and essential for a project manager to demonstrate interpersonal skills to his or her team members during the execution and implementation of a project.
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he's not eudoxus, but he names a property stating that there exists a natural number greater than a given real number.
Archimedes is not Eudoxus, but he names a property stating that there exists a natural number greater than a given real number.
What is it that makes Archimedes famous?The inventions and scientific breakthroughs of Archimedes are well known. The Archimedes Screw, a tool for lifting water, and Archimedes' concept of buoyancy are the two most well-known of these. Both are still utilized in sewage treatment facilities and for crop irrigation.
Is pi a discovery of Archimedes'?The initial computation of pi is attributed to the ancient Greek mathematician Archimedes of Syracuse, who is regarded as the greatest mathematician in all of human history and flourished in the third century B.C.
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Bilateral monopoly Suppose the one bar in a small town wants to hire a lounge singer to increase the bar's popularity. Because it is the only business demanding this type of labor, it has monopsony power. There is only one good singer in town, so that singer has monopoly power, as well. The following graph depicts the supply and demand for labor in this market, as well as the marginal expense (ME) curve faced by the bar and the marginal revenue (MR) curve faced by the singer.
The graph shows how a bilateral monopoly occurs in the market for singers in a small town. The bar has monopsony power because it is the only business requiring this type of labor. Meanwhile, the singer has monopoly power because there is only one good singer in town.
The supply and demand curves for the market show the amount of labor the bar is willing to buy at various wages and the amount of labor the singer is willing to supply at various wages. The marginal cost curve shows the cost of hiring additional labor, while the marginal revenue curve shows the income to the singer from providing additional labor. The equilibrium wage for the market will be the intersection of both curves. The bar will be willing to pay the singer this wage to maximize their profit.
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The balance on the current account and the balance on the capital and financial account assume trade occurs in which of the following categories?
The correct answer is Currently made merchandise, Currently made services, and Pre-existing assets.
The capital account refers to the capital transfers between foreign residents. The money account reflects will increase or decreases in a very country's possession for the international assets.
The current account reflects the net income of a country at intervals a year. The capital account reflects web change inside the possession of national assets of a country at intervals a year. this account in the main focuses on the receipts and disbursements related to the cash and non-capital things.
The current account balance of payments could be a record of a country's international transactions with the remainder of the planet.
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according to the rules of two-phase locking protocol, every transaction can go through two phases: first, a shrinking phase, and then a growing phase.
According to rules of two-phase locking protocol, every transaction can go through two phases that are shrinking phase and then growing phase.
What is a transaction?An agreement between a buyer and a seller to trade products, services, or assets in exchange for money is referred to as a financial transaction. Any transaction involves shift in the financial standing of two or more businesses or people. One or more financial assets, most frequently the money or another pricey object like gold or silver, are always part of financial transaction. Financial transactions can take many different forms. The most frequent kind, purchases, take place when thing, service, or other commodity is sold to consumer in exchange for cash. The majority of purchases are made with the cash, including checks, debit cards, and real money. Credit is the other primary method of payment, which provides immediate access to money in exchange for payback at a later time.
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When a broker is involved in a dual agency arrangement, whereby he/she designates sales agents to represent both the buyer and seller, the broker owes a fiduciary duty to whom...?
The broker owes a fiduciary duty to both the buyer and the seller
The relationship between a fiduciary and the principal or beneficiary on whose behalf the fiduciary acts is referred to as a fiduciary duty.
When acting in a beneficiary's best interest, the fiduciary accepts legal liability for obligations of care, loyalty, good faith, confidentiality, and more. To guarantee that there are no conflicts of interest that could undermine such interests, extreme caution must be exercised.
In a financial sense, fiduciary obligations exist to make sure that those who handle other people's money work in their beneficiaries' best interests rather than their own.
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If the output gap is negative, then relative to the neutral interest rate, the Federal Reserve will ____ the real interest rate to drive ___ consumption and investment lower; down raise; up raise; down lower; up'
The Federal Reserve will reduce the real interest rate in relation to the neutral interest rate if the annual deficit is negative to encourage investment and consumption.The correct answer is option (d).
What is consumption and investment?The act of consuming something is defined as the acquisition of an item or service for immediate usage. Investment is the purchase of capital assets with the intention of using them in the future. The capital stock is raised by investment. Institutional units consume up products or services through the activity of consuming, which can be either final and intermediate.
The flow of domestic expenditure on goods and services that are useful in the present is known as consumption. Savings refers to the portion of available funds that are not spent. Businesses that invest money on goods that are not meant for direct consumption but instead provide a steady supply of consumer goods and services are said to be doing so.
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In a statistical process control quality initiative, which of the following will NOT happen if the proces standard deviation increases (all else the same)? A. The process will have lower capability index B. The process will have wider specification limits C. The process will generate more defects D. The process will have wider control limits
The process standard deviation increases: The process will generate more defects.
What is standard deviation?Standard deviation is a measure of the spread or dispersion of a set of data from the mean or average value. It is used to quantify the amount of variation or dispersion of a set of data values from the mean. The larger the standard deviation, the greater the variation from the mean, and vice versa. Standard deviation can be used to compare different sets of data, or to compare the same data set at different points in time. It is used to measure the risk in investments and to identify outliers (data points that are significantly different from the rest of the data).
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Liliana de la Cruz puts $8,000 into a load mutual fund. She knows that her up-front sales charge is 5 percent. How much of her money actually goes to buy shares in the mutual fund?
$7,600 of money actually goes to buy shares in the mutual fund
How much of her money actually goes to buy shares in the mutual fund?Liliana de la Cruz puts $8,000 into a load mutual fund. She knows that her up-front sales charge is 5 percent.
To "mutually" purchase stocks, bonds, and other investments, mutual funds allow you to combine your funds with those of other investors. They are managed by seasoned money managers who select the stocks, bonds, and other securities to acquire and determine when to sell them. You are exposed to every investment in the fund as well as any revenue they produce.$8,000 × 0.05 = $400; $8,000 − $400 = $7,600
$7,600 of money actually goes to buy shares in the mutual fund
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A PPF is more likely to be a downward-sloping curve that is bowed outward than a downward-sloping straight line because most resources are
a. better suited for the production of some goods than others.
b. used efficiently.
c. relatively cheap at low levels of output.
Since most resources are more suitable for producing some products than others, a PPF is more likely to be a downward-sloping curve that is bent outward than a downward-sloping straight line.
How did a PPF get curved?Since the cost of production is not constant, the PPF (production possibilities frontier) is curved. If all trade-offs were equal, the graph would be straight. But what makes PPF curve in that particular direction is how the trade-offs change. The term "concave" refers to a curve that slopes away from the origin.
What are the effects of resource growth on an economy's PPF?The PPF will eventually move outward because to an increasing economy. As incrementally more resources are invested in a particular undertaking, the marginal increase in output will eventually decline over time, according to the law of diminishing returns.
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What are economic blue prints
Economic blueprints are frameworks or plans that list the main economic principles and tactics that a government, institution, or person can use to accomplish particular economic objectives.
These aims may include boosting economic growth, decreasing poverty and unemployment, and improving income distribution. Economic plans frequently contain a variety of initiatives and policy changes that are intended to address certain economic issues or possibilities.
These initiatives can be in the form of regulatory changes to laws and regulations that affect economic activity, fiscal policy changes (such as adjustments to taxes or government spending), monetary policy changes (such as adjustments to interest rates or the money supply), and other types of policy initiatives.
Governments, policymakers, economists, and other specialists frequently develop economic plans, which are frequently based on economic theory and analysis.
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https://brainly.ph/question/11786380https://brainly.in/question/28875658rachel is going to rent a truck for one day. there are two companies she can choose from, and they have the following prices. company a charges and allows unlimited mileage. company b has an initial fee of and charges an additional for every mile driven. for what mileages will company a charge less than company b? use for the number of miles driven, and solve your inequality for .
Company B bills an initial fee of $55 plus an additional $0.90 each mile driven. Company A will charge less than Company B for a distance of 70 miles.
Inequality is the occurrence of an unjust and/or unequal distribution of opportunities and resources among the individuals who comprise a society. The term "inequality" can mean different things to different people and in different contexts.The initial $550 and the cost per mile are affected by $118 in change and unrestricted mileage B.
Let m remain for the travelled distance.
Consequently, the inequality is
118 55 + 0.90 m
= 0.90 m> 118 55
= m >63/0.90
= m>70.
Company a changed less than Company B for the 70 kilometres above.
Complete question:
Karen is going to rent a truck for one day. There are two companies she can choose from, and they have the following prices. Company a charges $118 and allows unlimited mileage. Company B has an initial fee of $55 and charges an additional $0.90 for every mile driven. For what mileages will Company A charge less than Company B? Use m for the number of miles driven, and solve your inequality for m.
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refer to scenario 17-1 . if the restaurant is unable to use tying, what is the profit-maximizing price to charge for a steak? a. $20 b. $12 c. $16 d. $8
$20 is the steak pricing that will maximize profit if the establishment is unable to employ tying.
Why is a steak so price?Due to quality and availability, better cuts of steak are more expensive than cheaper steaks. Rarely do cows provide the prime cuts of beef. Only around 10% of cows' meat is made up of the greatest beef cuts, such as porterhouse, filet, and tenderloin.
How do you place a steak order?The three most common responses are rare (the outside is cooked but the inside is still somewhat raw), medium (the outside is cooked more thoroughly and the inner is cooked but the inside is still slightly red), and well done (outside is charred and the inside is completely cooked through).
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New Oaks Winery requires two months to make wine, three years to age it, two months to bottle it, four months to sell it, and two months to collect the receivable. Its operating cycle is: Multiple Choice O Six months O Twelve months. O Forty six months. O Ten months 1
New Oaks Winery requires two months to make wine, three years to age it, two months to bottle it, four months to sell it, and two months to collect the receivable. Its operating cycle is c) forty six months.
Operating cycle includes all the time duration from manufacturing till selling and receiving the payment.
Operating cycle = making of wine + bottling + selling + collecting receivable
= 2 months + 3 years + 4 months + 2 months
= 2 months + 36 months + 4 months + 2 months
= 46 months
The time it takes for a business to purchase items, sell them, and get payment for those sales is referred to as an operating cycle. It is, in other words, the time it takes for a business to convert its inventories into cash.
Depending on the sector, an operational cycle can be any length. Understanding a company's operational cycle can help assess its financial health by providing insight into its ability to settle any debts.
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satasota corp purchased a delivery can eith 560000 list price. the company was given a 6800 cash discount by the dealer and paid 3500 slaes taz
$52700 will Sarasota Corp, increase its van account.
What Exactly Is a Cash Discount?
A cash discount is an incentive offered by a seller to a buyer in exchange for paying a bill before the due date. In a cash discount, the seller generally reduces the amount owed by the buyer by a modest percentage or a fixed monetary amount. Cash discounts are deductions designed to encourage consumers to pay their bills on time.
Real, personal, and nominal accounts are the three categories of accounts in accounting. After that, real account is divided into two subcategories intangible real account and physical real account. There are also three categories of Personal accounts: Natural, Representative, and Artificial.
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cite evidence proving how it is more efficient to buy a tv made in malaysia so that you can have extra money for other leisure activities and thereby strengthen the economy.
When purchasing a smart TV built in Malaysia and sold elsewhere, a person can easily save up to 40% on the cost, giving them extra money for other leisure pursuits and boosting the economy.
What advantages do imported goods offer?Importing from other nations allows you to get goods at lower prices, which is very advantageous to the manufacturing sector. Additionally, leveraging overseas manufacturing and exporting product components may help businesses cut expenses. It benefits customers by bringing down prices.
Trade reduces domestic pricing, facilitates better resource allocation through specialization, reduces local manufacturers' profit margins, and boosts domestic enterprises' operational effectiveness through increased competition. A large number of imports into the country may mean great domestic demand and positive economic growth.
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Compare market entry by a company into an industrialized region such as the EU with market entry into a developing country such as China.. What are the most important factors to consider for each? Provide an example of a company that has had a successful entry into each.
One of the factors that will make it easier to get into a region like EU is that, in general, market entrance is easier and less expensive in emerging countries since the market is less developed and competitive.
It should be noted that China is still considered to be developing when compared to the EU.
China will thus be less expensive to enter for the reasons stated above, as well as the fact that it is often regarded as the world's industrial center.
What is Market Entry?A market entrance strategy is a planned technique of distributing and delivering goods or services to a new target market. It refers to the development, implementation, and management of contracts in a foreign nation in the import and export of services.
One key factor to consider when entering the market in China is the Psychographics (Language, Culture, and socio-political relations with other nations)
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1. What are the most common marketing channels for consumer products? For
industrial products?
Answer:
Read below
Explanation:
The most common marketing channels for consumer products tend to be through retail outlets such as supermarkets, big box stores, and online marketplaces. For industrial products, the most common marketing channels tend to be through wholesalers, distributors, and industrial sales representatives. However, the specific marketing channels used for a particular product will depend on a variety of factors, including the target market, the price point, and the nature of the product itself.
Answer:
computer
Explanation:
-basis of accounting, we record revenue when we provide goods and services to customers, and we record expenses in the period that costs are used to provide those goods and services.
A transaction is recorded in the accounts receivable account when a company provides services to a client and the client promises to pay for the services at a later time.
An account receivable transaction is what?Accounts receivable is the accounting word for sales for which money hasn't yet been received. The customer still hadn't paid for the good or service at the time the transaction was finished.
Accounting receivables are precisely what they sound like, but how are they recorded in accounting systems?The phrase "accounts receivable" refers to any money you owe to clients who have previously purchased your products or services. This money is normally collected after a few weeks and recorded as an asset on the balance sheet of your business. As part of accrual basis accounting, you use accounts receivable.
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