During 2022 cheyenne corp. had sales on account of $767000, cash sales of $32, and collections on account of $504000. in addition, they collected $8300 which had been written off as uncollectible in 2021. as a result of these transactions the change in the accounts receivable indicates what ?

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

Experienced problem solvers always consider both the value and units of their answer to a problem. why?