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konstantin123 [22]
3 years ago
13

One of the disadvantages of using electronic money is it is possible to lose track of one's budget.

Business
1 answer:
pshichka [43]3 years ago
5 0

the right answer is TRUE, i got it wrong for putting it as false

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In the base year the average family spent 25% of its income on Good X, 25% on Good Y, and 50% on Good Z. Over the second year th
sveta [45]

Answer:

none of the above broskie

Explanation:

4 0
3 years ago
A company invests $40,000 in a project with the following net cash flows: Year 1: $3,000 Year 2: $8,000 Year 3: $14,000 Year 4:
hram777 [196]

Answer:

the payback period is 3.34 years

Explanation:

The computation of the payback period is as follow;

Given that

Year       Cash flows         Cumulative cash flows

0             -$40,000           $-40,000

1               $3,000              $3,000

2              $8,000              $11,000

3              $14,000             $25,000

4              $19,000             $44,000

5              $22,000            $66,000

6               $28,000           $94,000

Now the payback period is

= 3 years +  ($40,000 - $25,000) ÷ $44,000

= 3 years + 0.34

= 3.34 years

Hence, the payback period is 3.34 years

8 0
3 years ago
The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is:a. cal
grigory [225]

Answer: C nonexistent; that is, there is no such accounting requirement.

Explanation: there is no accounting

assumption that requires that the cost flow be consistent with the physical movement of goods.

Instead, the movement of money (real or virtual) is tracked using a cash flow statement; income and profit matches revenues to the timing of when products/services are delivered—a company’s net income can actually be materially different from its cash flow.

4 0
3 years ago
A licensee makes a statement that is material to the transaction as though it were a fact when the licensee does not know whethe
aliya0001 [1]

Answer:

The correct answer is fraud.

Explanation:

A fraud is an action that is contrary to truth and righteousness. Fraud is committed to the detriment of another person or organization and is punishable by law.

This concept is associated with the scam, which is a crime against heritage or property. It consists of a hoax to obtain an asset, making the person or company that pays believe that you will get something that, in reality, does not exist.

5 0
3 years ago
A cash equivalent is: Multiple Choice Generally within 3 years of its maturity date. Close to its maturity date but its market v
11111nata11111 [884]

Answer:

An investment readily convertible to a known amount of cash

Explanation:

Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.

Examples of cash equivalents include commercial papers, bank certificate of deposit, treasury bills usually with a tenor of 3 months or less etc.

Cash equivalents are assets and help improve the company's liquidity.

6 0
2 years ago
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