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babunello [35]
2 years ago
11

If you use your ATM card, you should write the transaction in your check register.

Business
2 answers:
lozanna [386]2 years ago
3 0
True hope I help u out
adell [148]2 years ago
3 0

Answer:

true

Explanation:

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<h3>How is it possible to have high sales and high profits and run out of cash while running a business?</h3>

It is entirely possible if you have a high level of accounts receivables and inventory and a low level of accounts payables. A sale is recorded when an invoice is raised, and a shipment is delivered; this does not always imply that you received cash and that it is recorded in your accounts receivable. Similarly, if you keep a lot of inventory, a lot of your money is locked up until the inventory is sold. On the contrary, if your payment terms with your suppliers are less favorable, you will end up paying before your receivables convert to cash. As a result, high sales and profits do not always imply a strong cash position.

Learn more about profit:

brainly.com/question/13050157

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I am still working on my business plan.

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