A Company Factored $45,000 of Its Accounts Receivable and Was

question 116

Multiple Choice

A company factored $45,000 of its accounts receivable and was charged a 4% factoring fee.The journal entry to record this transaction would include a:

• A)Debit to Cash of $45,000,a debit to Factoring Fee Expense of $1,800,and a credit to Accounts Receivable of $46,800.
• B)Debit to Cash of $45,000 and a credit to Accounts Receivable of $45,000.
• C)Debit to Cash of $43,200,a debit to Factoring Fee Expense of $1,800,and a credit to Accounts Receivable of $45,000.
• D)Debit to Cash of $46,800 and a credit to Accounts Receivable of $46,800.
• E)Debit to Cash of $45,000 and a credit to Notes Payable of $45,000.

Learn about the role of the nervous system in psychology.

Understand the basic concepts and ethics of experimentation in psychology.

Identify independent and dependent variables in psychological research.

Describe the structure and function of neurons, including their parts and how they transmit information.

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Definitions:

Performance Metrics

Quantifiable indicators used to evaluate the effectiveness or success of an individual, team, or organization in achieving objectives.

Opportunity To Use Skills

Situations or environments that allow individuals to apply their knowledge and competencies effectively.

Training Framework

A structured outline or strategy designed to guide the development, delivery, and assessment of training programs.

Public Praise

An act of expressing approval or admiration for someone's achievements or qualities in a public setting.