A company factored $30,000 of its accounts receivable and was charged a 2% factoring fee. The journal entry to record this transaction would include a debit to Cash of $30,000, a debit to Factoring Fee Expense of $600, and credit to Accounts Receivable of $30,600.
Answer the following statement true (T) or false (F)
False
Business
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The social influence model of withdrawal behavior suggests that employees with fewer bonds will be most likely to quit the organization.
Answer the following statement true (T) or false (F)
Business
Another name for temporary accounts is real accounts.
Answer the following statement true (T) or false (F)
Business
Free cash flow is a good measure of a company's ability to finance long-term assets
Indicate whether the statement is true or false
Business
A cost that varies in total in direct proportion to changes in activity is known as a ____________________ cost
Fill in the blank(s) with correct word
Business