Explanation:
The Journal Entry is shown below:-
1. Accounts Receivable Dr, $20,000
To cash revenue $20,000
(Being computer sold is recorded)
2. Cash Dr, $19,400
Sales discount Dr, $600
To accounts receivable $20,000
(Being cash is received)
3. Accounts receivable Dr, $200,000
To sales revenue $200,000
(Being sales revenue is recorded)
4. Cash Dr, $200,000
To accounts receivable $200,000
(Being cash is recorded)
False. Conversion optimization is not an iterative process. The answer is false because a conversion optimization is an iterative process. An iterative process is used to calculate the mean of repetitive cycle of operations. As the number of iterations increases, it should be convergent to the desired optimization.
Because sometimes the customer service department of a company is always right but then again sometimes they are wrong so just try to believe it and try to think they're right because you never know.
Hope this is what you're looking for. Have a great day! :D
