On April 1, Snell Company made a $50,000 sale giving the customer terms of 3/10, n/30. The receivable was collected from the customer on April 8. How does the collection of cash from the customer affect the company's financial statements? Assets=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.(1,500)=NA+(1,500)(1,500)-NA=(1,500)48,500 OAB.(1,500)=NA+(1,500)(1,500)-NA=(1,500)NAC.(1,500)=NA+(1,500)NA-(1,500)=5001,500 OAD.48,500=NA+48,50048,500-NA=48,50048,500 OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
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An externality exists if:
a. a producer of a good is unable to impose production costs on all users of the good. b. true market demand for a good is revealed in the market place. c. production of a good equals true market demand. d. the production of a good is regulated.
Presenting each reason as a main point is using the ______ approach.
Fill in the blank(s) with the appropriate word(s).
A __________________ is something consumers purchase to satisfy a need.
a. Brand b. Product c. Service d. Both B & C
If the firm's management is assessing the opportunities and risks that a business faces, they are engaged in which of the four areas of human resource management?
A) Business intelligence B) Strategic intelligence C) Organizational intelligence D) People intelligence