One of the customers of Slate Stairways, Inc. paid $300 on her outstanding bill of $900. The journal entry that Slate Stairways would use to record the payment is:
A) debit Accounts Receivable $600, credit Revenue $600.
B) debit Accounts Receivable $300, credit Cash $300.
C) debit Revenue $600, credit Accounts Receivable $600.
D) debit Cash $300, credit Accounts Receivable $300.
D) debit Cash $300, credit Accounts Receivable $300.
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Full-line discount stores are typically located in
A. lifestyle centers. B. power centers. C. omnicenters. D. marketing complexes. E. community shopping centers.
Bagrov Corporation had a net decrease in cash of $18,000 for the current year. Net cash used in investing activities was $60,000 and net cash used in financing activities was $46,000. What amount of cash was provided (used) in operating activities?
A. $(18,000) used. B. $(88,000) used. C. $88,000 provided. D. $124,000 provided. E. $(124,000) used.
Rudolf Technologies Inc. decided to enter the automobile service market. Consequently, the company decided to procure the tools and machines needed from a reputable supplier. Rudolf Technologies is facing ________
A) a new task situation B) a modified rebuy situation C) negative competition D) the need to outsource its primary service offering E) the pressure to diversify its market
Hampton Inn has developed a way to identify guests who appear to be cheating and give them a lot of personalized attention and follow-up from the company
Indicate whether the statement is true or false