Groups of related business activities such as the acquisition of merchandise and payment of vendors are called transaction cycles.
A transaction cycle is an interlocking set of business transactions. Most of those transactions may be aggregated into a comparatively small number of transaction cycles associated with the sale of products, payments to suppliers, payments to employees, and payments to lenders.
A transaction cycle is a set of accounting transaction that happens in a very normal sequence as an example a sales transaction is followed by shipping transaction, a billing transaction, and a cash receipts transaction.
Therefore, there are four transaction cycles which are the following:- Financial cycle, expenditure cycle, revenue cycle, conversion cycle.
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I believe the answer is A becuase working at a lemonade stand helps you kinda run a business if you think about it
Answer:
Benefit is $3526
Explanation:
In order to obtain earned credit, the following requirements should be managed to meet:
1) interest income must be 3600 or even less.
(2) Total income for sole dependents must be 41,094 or fewer.
3) In such a situation, the full amount of taxable income credit shall be $3,526.
Because all earned income and gross income are below the latter cap ($41,094) in that case, the full taxable income benefit is $3526.
