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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

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A coin sold at auction in 2017 for $1,965,500. The coin had a face value of $5 when it was issued in 1794 and had previously bee
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0.0642 or 6.42%

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<u></u>

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