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Sauron [17]
2 years ago
14

Iron Company collects cash in full from a customer who purchased merchandise last month on credit. To record the receipt of cash

, Iron Company should make the following entries in the general journal. (Check all that apply.) Multiple select question. Credit to Accounts Receivable Debit to Accounts Receivable Debit to Sales Credit to Cash Debit to Cash
Business
1 answer:
neonofarm [45]2 years ago
3 0

Answer:

  • Credit to Accounts Receivable
  • Debit to Cash

Explanation:

Accounts Receivable is an asset account that represents the cash owed to the company by customers who bought goods or services on credit.

When the credit is paid, the accounts receivable account will reduce and so will be credited because assets are credited when they reduce.

Cash on the other hand will be debited to show that it has increased as assets are debited when they increase.

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Dafna1 [17]

ANSWER: The correct answer is (d)-  To serve as an introduction.

Explanation: Executive summary  is a brief overview or introduction of the entire plan. It highlights the main points of the marketing plan to the company or business. Mostly people in the authority are occupied to deeply go through the plan so executive summary provides a basic understanding or overview or idea. It provides the summary of objectives and a proposed framework for growth potential.

8 0
3 years ago
Define the term communication
Kazeer [188]

the imparting or exchanging of information or news.

4 0
3 years ago
Yang Corporation starts a foreign subsidiary on January 1 by investing 25,000 rand. Yang owns all of the shares of the subsidiar
Lisa [10]

Answer:

$3,000 credit

Explanation:

Given the followin currency exchange rates for 1 rand are as follows:

January 1 $0.25 = 1 rand

Average for the year 0.28 = 1

December 31 0.31 = 1

Net income conversion Investment using January 1 rate = 50,000 rand × $0.25 = $12,500

Net income conversion Investment using December 31 rate = 50,000 rand × $0.31 = $15,500

Credit (Debit) = $15,500 - $12,500 =$3,000

Therefore, the translation adjustment that Yang will report at the end of the current year is $3,000 credit since the difference is positive.

4 0
3 years ago
Frey Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 18 p
Alona [7]

Answer:

Projected dividend is 15.

Explanation:

In order to calculate projected annual dividend for the coming year, we simply multiply stock price with projected dividend growth rate and we get dividend for the coming year equal to 15.

7 0
3 years ago
To increase its revenue, sky airlines, an airline company, decides to promote well-known companies in its in-flight magazine. th
joja [24]
<span> in the context of the promotional mix, the in-flight magazine is being used for Advertising
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