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3 years ago

Which of the following is the BEST reason to use cash for making purchases?

Business

2 answers:

IrinaVladis [17]3 years ago

8 0

Answer:

Explanation:

when you are using a credit card, you can spend, and spend, and spend, and not really pay attention, but if you use cash, you are physically handing over money, making it ean something more, and meaning that you will think about the purchase because it hurts a little more to hand over a 20$ bill, than to swipe a card, that could actually be fun. basically it makes the purchase more real.

zhuklara [117]3 years ago

4 0

Answer:

Explanation:

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after a bank reconciliation is completed, journal entries are prepared for items in the balance per company's records as well as

BaLLatris [955]

'After a bank reconciliation is completed, journal entries are prepared for items in the balance per the company's records as well as items in the balance per bank statement.

This statement is False.

In accounting, bank reconciliation is the process of reconciling the bank account balances on a company's books with the balances reported by financial institutions in their most recent bank statements. You should check the difference between the two numbers and correct if necessary.

Bank reconciliation is the process of reconciling cash book data with corresponding data on bank statements. This is an important process for the CFO's office and ensures the accuracy of the accounting records.

Bank reconciliation is an important internal control tool and is necessary to prevent and detect fraud. It also helps identify accounting and banking errors by explaining the difference between cash balances on accounting records and bank balances on bank statements.

Learn more about Bank reconciliation brainly.com/question/15525383

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7 0

1 year ago

Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Units sold are anticip

torisob [31]

Answer:

Bambino Sporting Goods

a. March April May June

Ending Inventory 5,000 6,000 2,000 0

b. Monthly financing cost = $540

Total for the four months = $2,160

Explanation:

a) Data and Calculations:

March April May June

Beginning Inventory 0 5,000 6,000 2,000

Production 9,000 9,000 9,000 9,000

Monthly sales 4,000 8,000 13,000 11,000

Ending Inventory 5,000 6,000 2,000 0

Cost of inventory = $12 per unit

Monthly financing cost = $540 ($108,000 * 6% * 1/12)

Total financing cost for the four months = $2,160 ($540 * 4)

7 0

3 years ago

Tariq and Noelle work in the sales department at CTI Telecommunications. Tariq is the star salesman of the department and makes

larisa [96]

Answer:

D) She volunteers to do the mundane tasks others avoid, and she does things like buying birthday cards for co-workers and organizing parties.

Explanation:

Noelle is someone that is an average performer, so she will be open to doing mundane tasks since she is not overly worried about having a star performance.

She is also some one that spends more time than she should socializing with friends in other departments.

So she would be more prone to buying birthday cards for co-workers and organizing parties.

Noelle is an average performer with good social skills so she will be one that does not prioritise performing better than others

6 0

3 years ago

_____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost wit

Ilia_Sergeevich [38]

Answer:

A. Project management

Explanation:

It helps by identifying the plans and estimating the minimal possible time and cost needed to complete a project or development

8 0

4 years ago

The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending Raw

grin007 [14]

Answer: $117,000

Explanation:

So we are to calculate the Raw Materials purchased during the year.

Logically speaking the following should hold,

Raw materials purchased during the year + beginning raw materials = ending Raw materials + Raw materials used

Agreeing on that and rearranging the formula we will have,

Raw Material purchased during the year = Raw Material used during the year + Ending Raw Material Inventory - Opening Raw Material Inventory

Slotting in the figures we will then have,

Raw Material purchased during the year = 114,000 + 56,000 - 53,000

= $117,000

Raw materials purchased during the year amount to $117,000.

8 0

3 years ago