The amount of cash owed to a company by its customers from the sale of goods or services on account is commonly referred to as:
A. Accounts payable.
B. Cash.
C. Accounts receivable.
D. Revenue.
Answer: C
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The multiple-step form of income statement lists all revenue items and their total, followed by all expense items and their total, to produce a difference that is either net income or net loss
Indicate whether the statement is true or false
The time value of money is explicitly recognized through the process of
a. interpolating. b. discounting. c. annuitizing. d. budgeting.
Which of the following statements regarding marketing metrics is true?
A. They are only reliable for comparing results among SBUs. B. Metrics are used at the beginning of the planning process. C. They quantify a trend, dynamic, or characteristic. D. They cannot be used to project the future. E. They make it difficult for a firm to appropriately adjust to its marketing plan.
Robert was the president of JKL, Inc JKL intended to purchase Target Co JKL's intent was not
public information, and when it became public, Target's stock would increase significantly in value. Robert individually bought 1,000 shares of Target Co Ten months later, when the merger was publicly announced, Robert sold Target's stock and made a large profit. Assuming that Robert is guilty of a violation under the 1934 Securities and Exchange Act, what are the possible consequences? A) The persons who sold Robert the stock could sue Robert for damages. B) The government could charge Robert with criminal violations, leading to fines and/or imprisonment. C) The persons who sold Robert the stock could rescind the sale and recover their stock. D) A, B, and C E) B and C only