When inventory is sold on account, Sales Revenue increases and:
a. cash increases
b. accounts receivable decrease
c. profit decreases
d. cash decreases
e. accounts receivable increases
Answer: e. accounts receivable increases
Business
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A business can be organized as a sole proprietorship, partnership, corporation, or limited-liability company (LLC)
Indicate whether the statement is true or false
Business
To soften the impact of the bad news, what type of information can be included in the message?
A) An apology B) A hidden benefit of the delay C) Reasons for the bad news D) A reminder of what has gone well so far E) Options or alternative choices
Business