1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Art [367]
3 years ago
6

When a firm sells goods or services on credit, the owner needs to remember that for cash budgeting purposes ________.

Business
1 answer:
miskamm [114]3 years ago
4 0

Answer:

The correct option is c. she/he must account for a delay between the sale and the actual collection of the proceeds

Explanation:

As in the given question, it is mentioned that the credit sale is made, so the owner would remember the delay between the sale and the actual collection so that he knows the gap between these two.

Moreover, for cash budgeting purposes, it is necessary to remember when the owner received the cash and the date on which credit sale was made.

So, all other options are incorrect because it doesn't make any comparison between these two thing which is important for cash budgeting purposes.

Hence, The correct option is c. she/he must account for a delay between the sale and the actual collection of the proceeds

You might be interested in
Simpson Sign Company based in Frostbite Falls, Minnesota has a 6-month C$100,000 contract to complete sign work in Winnipeg, Man
seraphim [82]

Answer:

A) $102,000

Explanation:

The computation of the amount used today for preparing the operating budget is shown below:

= Contract value × forward rate

= $100,000 × $1.02

= $102,000

For computing this, we consider the forward rate and the same is multiplied with the contract value so that the correct amount can come.

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
Melissa Thomas leads the marketing research division at Tronics Inc., a manufacturing company based in Alabama. To improve futur
bekas [8.4K]
The answer is online surverys!! Hope this helps
3 0
3 years ago
Andrew wants to purchase a new computer and go to the caribbean for spring break. the computer is priced at 1299, and the vacati
Mamont248 [21]

Andrew writes a check for $1,299 which is the  medium of exchange.

What is the way of transaction ?

  • A sale is a completed agreement between a buyer and a dealer to change goods, services, or fiscal means in return for plutocrats.
  • The term is also generally used in commercial accounts. As a business secretary, this plain description can get tricky.
  • A sale may be recorded by a company before or later depending on whether it uses an addendum account or cash account.

Here,

Andrew can easily determine that the price of the computer is more than the price of the vacation = Unit of Account

Andrew has $1,574 in his checking account

= Store of value

Andrew writes a check for $1,299

= Medium of exchange

Learn more about Way of transaction here:

https://brainly.in/question/2253597

#SPJ4

3 0
1 year ago
When plumbers from a local union stopped working during negotiations, management hired replacement plumbers so the effects on th
nadya68 [22]
When plumbers from a local union stopped working during negotiations, management hired replacement plumbers so the effects on their business would be lessened. These replacement plumbers are called strikebreakers.
3 0
3 years ago
What is the most important source of money for new business start-ups? banks the small business administration personal resource
Schach [20]
The best and most correct answer among the choices provided by the question is the first choice, bank.

Bank would be recommended if you start a new business.
Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.

6 0
3 years ago
Other questions:
  • The production budget shows expected unit sales of 40000. Beginning finished goods units are 3800. Required production units are
    5·1 answer
  • Your new team is working hard, but they are all less experienced than you and don't complete their tasks as quickly.What would y
    8·2 answers
  • According to Thorstein Veblen, a successful businessman would be most likely to demonstrate his worth to others by:_______. a. a
    15·1 answer
  • The best way to approach charitable giving is to A donate to the first charity that requests it. B not spend a lot of time resea
    11·1 answer
  • On January 1, 2021, Red Flash Photography had the following balances: Cash, $19,000; Supplies, $8,700; Land, $67,000; Deferred R
    5·1 answer
  • In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the po
    6·1 answer
  • A nonprofit entity conducts a special fundraising campaign at the end of fiscal year 2018, and specifies that it will use the mo
    8·1 answer
  • A sample of 51 observations will be taken from an infinite population. The population proportion equals 0.85. The probability th
    8·1 answer
  • 3. (01.02 MC)
    6·1 answer
  • What counties repensent the global opportunities for the next decade
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!