Answer:
Because it can be use by many people
Answer:
8000$
Explanation:
The Income Statement is one of an organization's centre budget summaries that show their benefit and losses. Revidup should report 8000$ as a cost on its income statement. The expense of the sum sold must be accounted for in the income statement whether the payment is in advance or if the amount of money is made later. The reason to report 8000$ is that, it is the cost of the amount sold and it is compulsory to report it as an expense in income statement.
All of the following are good financial savings strategies EXCEPT "saving for an emergency fund, then paying off credit debt".
<u>Option: B</u>
<u>Explanation:</u>
An effective financial system can encourage savings by offering simple and convenient exposure to suitable savings tools provided at reasonable price by high-quality, reputable institutions. The emergency funds through your earning years can be extremely valuable, if you lose your job or are unable to work due to a temporary injury or after retirement, so you need cash to cover your regular bills.
Here saving for emergency fund, then paying off credit card is blunder idea, because interest rate may become huge load, and if not paid and simultaneously retirement or any tragedy take place which donot permit to continue job than there will be burden from two sides i.e paying regular bills and credit card's principal amount with interest.
