Two Scoops uses the information to track cash, sales revenue, and expenses daily. This type of accounting system facilitate effective decision making by the following ways.
<h3>What is accounting system?</h3>
An accounting system is a collection of accounting operations with built-in controls.
Effective decision making through given accounting system are-
- This strategy would ensure that the business was completely aware of its daily sales and what the counter balance ought to be at any given moment.
- It would be simple to make business decisions that are in line with the needs of the firm and not just arbitrary decisions based on reality contacts thanks to the data obtained from this procedure being ready to put in to excel sheets and be shown in the form of various charts.
- Since they are aware that the accounts are regularly audited, store staff would not want to take part in stealing from the cashier.
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Answer:
$306,000
Explanation:
The formula and the computation of the cost of good sold is shown below:
Cost of goods sold = Opening balance of merchandise inventory + Purchase made - ending balance of merchandise inventory
= $85,000 + $323,000 - $102,000
= $306,000
Basically we have applied the above formula to find out the cost of goods sold
Well in order to run the business no matter which type it is there is a need for revenue, not profit, unless it is private. For public school revenue comes from the State and when a local shop sponsor.
Answer:
The price elasticity of supply is 1.22
Explanation:
Please refer to the attached file
Answer: True- Creating and maintaining satisfying exchange relationships
Explanation:
Yes, the given answer is true that the most of the organizations and companies are basically depend upon maintaining and also creating the various types of satisfactory exchange relationship in the business.
The creating satisfying relationship with the customer or the users is one of the important factor as it maintaining the good relationship with the company and helps in increase the growth of an organization.
According to the question, the Mega Grain's cereals is one of the company that depends upon maintaining the exchange relationship in the market by offering various types of satisfactory products to the customers.
Therefore, the given answer is correct.
