What is accounts payable?
What is net income?
What is income statement?

Answers

Answer 1

Answer: Accounts payable refers to the money which is owed by a company to its creditors.
Net income is the companies total earnings which is the revenue and taxes is already deducted.
Income statement is the record of the money that goes out and in in the company.

Related Questions

Which statements are true according to the law of supply?1.)A decrease in demand leads to an increase in supply. 2.)A decrease in demand leads to a decrease in supply. 3.)An increase in price leads to a decrease in supply. 4.)A decrease in price leads to a decrease in supply. 5.)An increase in price leads to an increase in supply.
"A power company charges $0.19 per kilowatt-hour (kWh) and $19.84 in monthly taxes. The monthly charge, C, (in $) is given by C = 0.19h + 19.84, where 'h' is the number of kilowatt-hours used. If a family's bill comes to $234.92, determine the number of kilowatt-hours used."
Why are rainforests important to the pharmaceutical industry?A. Many ingredients in important drugs come from plants discovered in the rainforest. B. Animals in the rainforest are important for testing drug safety. C. Water harvested from the forest soil contains cancer-fighting elements. D. Insects carry diseases, such as the flu, which can be used to develop vaccines.
Can I get some help with these questions?1. The country has entered a period of economic growth, but prices are rising too rapidly. To stabilize prices, the Federal Reserve decides to A) decrease the federal funds rate B) decrease the reserve requirement C) raise the discount rate D) buy more government securities 2. Mark washes his jeans and finds that the $20 bill that was in his pocket is in four pieces. He takes the four pieces to the bank and receives a nice crisp $20 bill. What function of money does this illustrate? A) Measure of value B) Medium of exchange C) Divisibility D) Store of value 3.A free trade agreement lowers restrictions on trucking across International borders. Which of the following would be a negative externality for the local environment? A) Higher costs for domestic goods B) fewer imports of renewable resources C) more water consumption D) an increase in air pollution
What is the maximum percentage of net spendable income that should be set aside for transportationa. 15%b. 25%c. 30%d. 20%

grace period is a period of time before the credit card company starts changing late fees true or false

Answers

I would go with true

Answer: true

Explanation:

Comparing international trade with trade among the different states of the united states shows that a. There is no need to study international trade as a special subject. b. The basic reasons for trade are equally applicable within a country or among countries. c. The logic of international trade is quite different from that of intranational trade. d. All of the above are correct.

Answers

The logic of international trade is quite different from that of intranational trade

Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________ A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.

B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.

C. the efforts of a company's whole management team, not just a few senior managers

D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.

E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.

Answers

Answer: C. . the efforts of a company's whole management team, not just a few senior managers

Explanation:

Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.

What was the major problem faced by the earliest formal American police departments

Answers

Many people believed that a police department should be formed by the citizens and not controlled by the government.

Which principles of effective communication would be especially important when you are communicating with someone whose primary language is different than your own?

Answers

The effective communication principle in communicating with someone whose primary language is different from the other is letting them "SEE". it's in the environmental factor that people tend to remember and communicate effectively through what they see for about 30% effective.

Answer:

Explanation:

Warner Furniture Center had accounts receivable of $ 26 comma 000 at the beginning of the year and $ 55 comma 000 at year-end. Revenue for the year totaled $ 118 comma 000. How much cash did the business collect from customers?

Answers

Answer: $89,000

Explanation: Cash collected from customers is the is the total amount of money paid by the those customers who purchased the commodity on credit previously.

Cash collected can be calculated using following formula :-

cash collection = opening receivables + revenue - closing receivables

putting the values into above equation, we get :-

cash collection = $26,000 + $118,000 - $55,000

= $89,000

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Which of the following is not a part of Five M’s?Material Machine Motion Method

Both an increase in _____ and an increase in _____ can contribute to economic growth by increasing the Gross Domestic Product. imports, population debt, imports exports, government expenses?

Surrealists emphasized _____________ instead of ____________.

If the homeowner does not pay his property tax, the tax authority may