A decrease in the allowance for receivables would result in:
A: An increase in liabilities and assets.
B: A decrease in gross profit.
C: A decrease in net profit.
D: An increase in net profit.
A: An increase in liabilities and assets.
B: A decrease in gross profit.
C: A decrease in net profit.
D: An increase in net profit.
举一反三
- Which of the following would a decrease in the allowance for receivables result in?
- Operating ROA is calculated<br/>as __________ while ROE is calculated as ____ A: EBIT/Total Assets; Net Profit/Total Assets B: Net Profit/Total Assets; EBIT/Total Assets C: EBIT/Total Assets; Net Profit/Equity D: Net Profit/EBIT; Sales/Total Assets
- Which of the following events is most likely to have caused the increase in gross profit as a percentage of sales? A: An increase in sales volume. B: A decrease in sales volume. C: Overstatement of the closing inventory. D: Understatement of the closing inventory.
- According to the DLVO theory, if electrolyte (coagulant) is dosed, concentration of ions having same charge with the counter-ions would _____; the electric double layer would be compressed; zeta potential _____; stability _____; thus, colloid coagulation would occur. A: decrease; decrease; decrease B: increase; decrease; decrease C: increase; decrease; increase D: increase; increase; increase
- Some inventory taken by the owner of a business has not yet been recorded. When this transaction is recorded: A: Profit will rise and net assets fall. B: Profit will rise and net assets stay the same. C: Profit will fall and net assets rise. D: Profit will fall and net assets stay the same.