In this period, Andrew, Inc. recorded Sales Revenue of $100,000 from sales of goods to customers who agreed to pay later. In the next period, Andrew received payment from customers of $90,000. Which of the following statements is correct?
A. Revenue for this period is $90,000.
B. Accounts Payable at the end of this period is $10,000.
C. Expenses for next period will increase by $10,000.
D. Accounts Receivable at the end of this period is $100,000.
Answer: D
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Markets of Central and Eastern Europe present interesting opportunities and challenges. Companies such as 3M International, McDonald's, Philips Electronics, and Henkel are moving into the region for all of the following reasons except:
A) that region is an important new source of growth. B) that the first company to penetrate a country market often emerges as leader. C) wage rates are much lower than those in Spain, Portugal, and Greece. D) that region offers attractive locations for low-cost manufacturing. E) core products and Western brand names need changes are appropriate for business.
Which of the following questions should oneconsider wheninvestigating an employee offense?
A. Does one have at least three sources of facts? B. Is there evidence that the offense hurt the organization? C. Is there both direct and indirect evidence of guilt? D. Was the employee warned of the consequence at least two times?
The Kyoto Protocol is an international treaty to reduce greenhouse admissions, signed by over 200 countries including the United States. I. True II. False
A firm is considering the purchase of an asset whose stand-alone risk is greater than the risk of the portfolio of assets. In evaluating this asset, the decision maker should:
A. decrease the internal rate of return (IRR) of the asset to reflect the greater risk. B. increase the net present value NPV of the asset to reflect the greater risk. C. reject the asset, since its acceptance would increase the risk of the firm. D. ignore the risk differential if the asset to be accepted would comprise only a small fraction of the total assets of the firm. E. increase the required rate of return from the project to reflect the higher risk of the project.