John is the <u>internal customer</u> of Bill.
An internal customer is someone within the business that relies on the assistance or work of <em>someone else in the business</em> to do their work. In this case John relies on the software that Bill creates.
Another example would be a marketer who relies on the graphic designer to create an ad before the marketer can use it in an ad campaign.
Aggregation to qualify for a breakpoint is not available to an investment club that purchases different mutual funds within the same fund family. This is further explained below.
<h3>What is
the investment?</h3>
Generally, an item purchased or invested in with the purpose of increasing one's wealth and preserving one's financial resources from the hard-earned income or appreciation
In conclusion, An investing club that acquires mutual funds from the same fund family is not eligible for aggregation to qualify for a breakpoint.
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Answer:
Warranty liability $2,128
Explanation:
680 phones sold x 5% x $76 per repaired phone = $2,584 total warranty liability
6 phones were repaired during the year x $76 = $456
remaining warranty liability = total estimated liability - money spent repairing phones during the year = $2,584 - $456 = $2,128
total outstanding warranty liability = $2,128
Since phone warranties last less than a year, the full amount should be recorded under current liabilities.
Answer:
c. Ending Balance = Previous Balance + Deposits - Withdrawals
Explanation:
Deposits are every cash transaction that increase your bank balance, and withdrawals are expenses that decrease your bank balance. Hence the closing / ending balance any day would be the difference of deposits and withdrawals, with opening balance in summation.
Answer:
I finance hotel stays through savings.
Explanation:
Every person has different sources of income. It is dependent on the person how he uses his income. If he saves some amount of money he can spend that money on the vacations. This is great source of getting relaxed and the person will feel refreshed again. The hotel stays can be funded through savings and other incomes.
