education
What is an example of an accounts receivable?
An example of accounts receivable includes an electric company that bills its clients after the clients received the electricity. The electric company rec...
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education
How does paying liability in cash affect the accounting equation?
If liabilities are purchased with cash then supplies will be bought against income statement. It would affect net income. In simple words, it means assets...
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What affects return on assets?
Increase Sales An increase in sale, while lowering expenses, may increase the percentage of return on assets. Increasing sales to impact on ROA requires a...
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education
What is total CL?
Total chlorine is the sum of free chlorine and combined chlorine. The level of total chlorine should always be greater than or equal to the level of free ...
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education
What are the dysfunctional aspects of budgeting process?
Some of the dysfunctional aspects of budget are as follows: Differing perceptions of budgets by organization members. Mechanical considerations. Communica...
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education
What is the size of 1 million dollars?
One million dollars is 71.6 feet tall in five-dollar bills, 35.8 feet in 10-dollar bills and 17.9 feet in 20-dollar bills. 50-dollar bills make for 7.16 f...
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education
What are fixed costs for a manufacturing company?
Fixed costs are sometimes called overhead costs. They are incurred whether a firm manufactures 100 widgets or 1,000 widgets. In preparing a budget, fixed ...
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education
What is the payment period?
The payment period is the period of time from the point a debt is incurred to the due date of the repayment. The average payment period is the average tim...
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education
How do you record a promissory note in a journal entry?
The borrower records the note by debiting the cash account and crediting the notes payable account. The rest of the notes payable formula includes that in...
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education
Which range of port numbers identifies all well known services?
Well-known ports range from 0 through 1023. Registered ports are 1024 to 49151. Dynamic ports (also called private ports) are 49152 to 65535. Which layer ...
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