Which of the following best describes accounts receivable?
A. The amount of cash not expected to be collected by a company from its customers from the sale of goods or services on account (bad debts).
B. The amount of cash owed by a company to its vendors for purchases of goods or services on account.
C. The amount of cash owed to a company by its customers from the sale of goods or services on account.
D. The amount of cash collected by a company from its customers from the sale of goods or services on account.
Answer: C
You might also like to view...
Payroll taxes levied against employers become an employer liability at the time the employee wages are incurred
a. True b. False Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false.An inventory purchases budget is prepared based on sales projections from the sales budget.The amount of budgeted purchases of inventory equals cost of goods sold plus the beginning inventory less ending inventory.The inventory purchases budget generally includes a schedule of cash payments for the period.The amount of cost of goods sold reported on the pro forma income statement comes from the inventory purchases budget.The inventory purchases budget indicates the amount expected for ending inventory, which is reported on the pro forma income statement.
What will be an ideal response?
The ______ of _______ is the dollar value of the interest earned or dividend received from a security, divided by the market value of the security.
Fill in the blank(s) with the appropriate word(s).
If a firm is privately owned, and its stock is not traded in public markets, then we cannot measure its beta for use in the CAPM model, we cannot observe its stock price for use in the dividend growth model, and we don't know what the risk premium is for use in the bond-yield-plus-risk-premium method. All this makes it especially difficult to estimate the cost of equity for a private company.
Answer the following statement true (T) or false (F)