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g100num [7]
3 years ago
10

In September, DK Company sells merchandise to Lions Company on credit. In October, Lions Company pays the balance in full. The e

ntry to record the collection of cash by DK Company in October will include a _______ to Accounts Receivable
Business
1 answer:
Neporo4naja [7]3 years ago
7 0

Answer:

Credit

Explanation:

Account receivable is the amount which a company will receive in the future. When the amount is received, cash is debited and account receivable is credit. Account receivable is credit; means there is a decrease in account receivables account. So, the entry to record a collection of cash by DK Company in October will include a credit in account receivable and debit in cash account.

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maks197457 [2]

Answer:

It will be recorded as a Loan Payable

Explanation:

Since the money was borrowed and is to be returned at a specific date in the future, it is classified as a Load.

Therefore, the correct answer is Loan Payable.

6 0
3 years ago
Read 2 more answers
Which best describes one of the primary aims of government fiscal policy?
Luden [163]
It’s primary aims of government fiscal policy is to put more money into citizens hands .
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3 years ago
How do you get started investing in the stock market.
BARSIC [14]

Answer:

so, you need to start with as much as you can, throwing in some money every day. Make sure when the stock is down, you should buy. the lower it is the better for buying. leave your stock there, and don't touch the money unless it is an emergency. You can also invest in an index fund. this means you put your money in the index funds and professionals buy the stocks for you.

Explanation:

I hope this helped!

4 0
3 years ago
Which of the following equations is true? Select one: a. Contribution margin = Sales revenue × Variable cost ratio b. Contributi
m_a_m_a [10]

Answer: c. Contribution margin ratio = 1 − Variable cost ratio

Explanation:

The Contribution margin ratio is defined as the difference between the sales price of a good and it's variable costs. It is expressed as a percentage.

The formula is,

Contribution Margin Ratio = Sales - Variable Costs / Sales

Breaking the formula down further we have,

Contribution Margin Ratio = Sales/ Sales - Variable Costs / Sales

Contribution Margin Ratio = 1 - Variable Costs / Sales

Variable Cost/Sales is the Variable Cost Ratio.

So Option C is correct.

5 0
3 years ago
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Answer:

                                              Assets       Liabilities      Stockholder's Equity

1. Authorizing and issuing   Not affect   Not affect        Not affect

  stock certificates in a

  stock split  

2. Declaring a stock               Not affect    Not affect      Not affect

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3. Issuing stock certificates    Not affect    Not affect    Not affect

   for the stock dividend

   declared in (2)

4. Declaring a cash dividend   Not affect    Increase      Decrease

5. Paying the cash dividend     Decrease Decrease     Not affect

   declared in (4)

7 0
3 years ago
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