The additional expenses required in order to avoid keeping currency during periods of inflation are known as shoe leather costs.
<h3>What do you know about holding cash?</h3>
The reasons for keeping cash are pretty straightforward. Cash inflows and outflows may balance each other out, or the outflows occasionally exceed the inflows. Hence, to cover up these eventualities, organizations hold cash to meet certain unpredictable situations.
The term "transaction motive" refers to the need for cash that a business has for ongoing operations. In general, the business needs cash to pay employees' salaries, rent, pay for labor, acquire items, and other expenses. On the receiving side, the business receives money from customers, debtors, and other sources. The inflows and outflows do not always coincide. As a result, the company keeps some cash on hand to fill this shortfall.
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Answer:
the net sales for the two months is $2,448
Explanation:
The computation of the net sales for the two months is shown below:
= Sale made on Jan 6 + sale made on Jan 6 + sales made on Feb 28 - discount on sale made on Jan 6
= $1,400 + $690 + $400 - ($1,400 × 3%)
= $2,490 - $42
= $2,448
hence, the net sales for the two months is $2,448
The same is to be considered
I’d say it’s wisdom s it’s something you’ve learnt through experience
Answer:
A) 4000
Explanation:
Long term capital losses cannot be set of against the long term capital gains of next year
As a result an individual taxpayer should report in the
year 3 is $4000
