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BartSMP [9]
1 year ago
7

Tracing a test count to the inventory compilations provides evidence for which asb balance assertion?

Business
1 answer:
Alika [10]1 year ago
8 0

The additional expenses required in order to avoid keeping currency during periods of inflation are known as shoe leather costs.

<h3>What do you know about holding cash?</h3>

The reasons for keeping cash are pretty straightforward. Cash inflows and outflows may balance each other out, or the outflows occasionally exceed the inflows. Hence, to cover up these eventualities, organizations hold cash to meet certain unpredictable situations.

The term "transaction motive" refers to the need for cash that a business has for ongoing operations. In general, the business needs cash to pay employees' salaries, rent, pay for labor, acquire items, and other expenses. On the receiving side, the business receives money from customers, debtors, and other sources. The inflows and outflows do not always coincide. As a result, the company keeps some cash on hand to fill this shortfall.

To know more about holding cash, visit:

brainly.com/question/15522054

#SPJ4.

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Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will ad
algol13

Answer: The correct answer is $333,333.33

Explanation: Perpetuity is a cashflow that is payable or receivable forever.

In calculating the present value of a Perpetuity, the cash flow will be divided by the rate.

That is $15,000/ 4.5%

=$15,000/ 0.045

=$333,333.33

The money to be set aside now to be able to pay $15,000 every year is $333,333.33

8 0
3 years ago
What was the idea that african-americans should celebrate their african roots and remain separate from white society?
kenny6666 [7]
Afrocentrism is an ideology mostly confined to the United states that gained prominence during the civil rights era. It is characterized by an embracing of classical african cultures, african aesthetics, and traditions. It is a response to eurocentrism that attempts to define most modern cultures relative to their relationship or colonization by European countries.
3 0
3 years ago
Xcel when intentional concealment is involved, what course of action is the injured party entitled to?
mafiozo [28]

Rescission of the contract, which is cancelling the contract and making the parties as close to how they were before the contract started as possible.

8 0
3 years ago
What is the difference between commodity money and fiat​ money?
Eva8 [605]

Answer:

Please see answer in the explanation below

Explanation:

Commodity money can be defined as money that its value comes from the commodity with which it was made. That is, commodity money is money that is gotten as a result of the material from which the money was made. Examples of these materials are silver, gold, etc. These materials have intrinsic value on their own as the materials have a worth of their own before being used to make currency.

Fiat money on the other hand is defined as money that is declared as the legal tender by the government. That means that fiat money is the money that is acceptable as a medium of exchange for goods and services as issued by the government. Fiat money does not have intrinsic value.

Cheers.

6 0
2 years ago
WHy the world it doesnt let me get a account ON BRAINLY A FREE 7 DAY ONE IF YOU DONT FIX IT NOW OR BAD RATING AND ELIMINATION MY
Veseljchak [2.6K]

Answer:

LOL.. REPORT BRAINLLYY

Explanation:

8 0
2 years ago
Read 2 more answers
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