Josephine Debit Recently Started Work with New Beginnings Ltd

question 115

Multiple Choice

Josephine Debit recently started work with New Beginnings Ltd.It is her first job and she doesn't have a lot of accounting experience.When recording the sales for the day, she debited sales and credited cash.The entry is

• A)correct.
• B)an error.
• C)an irregularity.
• D)not necessary.

Analyze spectroscopy data to understand the light absorption properties of microorganisms.

Understand the basic principles of bacterial pathogenesis, including the role of toxins and the nutritional categories of prokaryotes.

Understand the principles and applications of bioluminescence in Vibrio as a quorum-sensing mechanism.

Diagnose and determine the causative agents of diseases based on cell culture and microscopic analysis.

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Definitions:

Dividend Payout Ratio

The fraction of net income a firm pays to its shareholders in the form of dividends, compared to the portion reinvested in the business.

Percentage of Sales Approach

A method used in financial forecasting to estimate various elements of a financial statement as a percentage of forecasted sales.

Profit Margin

A financial metric that measures the amount of net income generated as a percentage of revenue, indicating how effectively a company can convert sales into net profits.

Dividend Payout Ratio

The percentage of earnings paid to shareholders in dividends, indicating how much money a company returns to shareholders versus reinvesting in the business.