Answer: Interest earned by the account.
Explanation: When a bank debits an account money is been removed from the account. This can either be as a result of: the account owner withdrawing from the account, a cheque paid to another person, bank service charges.
While when a bank credits an account money is added to the account. It can occur as a result of : money paid into an account, bank interest paid on accounts.
Therefore interest earned on an account is credited to the account holder.
Answer:
Purchases for February would be: $46,500
Explanation:
Prepare a Purchases Budget to find the Purchases for February.
<u>Purchases Budget for February</u>
Budgeted Cost of Sales $45,000
Add Budgeted Closing Inventory ($45,000 × 30%) $13,500
$58,500
Less Budgeted Opening Inventory ($12,000)
Budgeted Purchases $46,500
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Answer:
The options are not properly aligned.Find the same question with proper alignment in the attached.
A winning strategy fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance.
Explanation:
For a strategy to be tagged a winning one,it must carefully take into the consideration the internal and external environments that the business operates in,such that internal strengths and weaknesses can be discovered as well as external opportunities and threats.
In addition, it must also consider the capabilities ans skills peculiar to the business that are difficult to imitate by others, in essence competitive advantage.
Above all, the strategy must positively impact the bottom-line,in that the business records positive strong performances period after period.
