Dr. Peabody received $4,325 in cash from clients who make payments on their monthly accounts. The amount they owe the company was previously recorded as accounts receivable. Which of the following statements is correct?
A. Accounts receivable is debited $4,325; cash is credited $4,325.
B. Accounts receivable is credited $4,325; cash is debited $4,325.
C. Cash Is debited $4,325; accounts receivable is debited $4,325.
D. Accounts receivable is credited $4,325; cash is credited $4,325.

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.