The indirect organizational plan is typically appropriate when you anticipate that a reader will initially have no interest in your persuasive message
Indicate whether the statement is true or false
True
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Sunnyside Vacations has a $1,200 account receivable from the John Smith. On September 18, the John makes a partial payment of $1,100 to Sunnyside. The journal entry made on September 18 by Sunnyside to record this transaction includes:
a. A debit to the Cash account of $1,150. b. A debit to the Accounts Receivable account of $1,150. c. A credit to the accounts receivable account of $1,100. d. A credit to the Accounts Receivable account of $1,050.
On the budgeted balance sheet, the number for notes payable will come from the ________.
A) operating budget B) schedule of cash receipts C) cash budget D) cost of goods sold budget
In computing the net profit margin:
a. All of the answers are correct. b. nonrecurring items should not be included in the numerator. c. noncontrolling interest should not be included in the numerator. d. a net other income distorts the net profit margin.
A(n) ________ is the present transfer of an existing right
A) garnishment B) assignment C) attachment D) consideration