Why do businesses need to keep some currency on hand?
Businesses need to keep some currency on hand to provide money for cash registers in order to make change; to pay small, spur-of-the-moment expenses such as coffee cups for the break room; or to provide money in advance to salespersons for their travel expenses.
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If a preliminary report concludes that the business situation warrants investment in a new IS, a more comprehensive _____ might be authorized.
Fill in the blank(s) with the appropriate word(s).
In Sharia law, interest is forbidden
A. so equity partnerships, where business risk is shared, tend to be the approach to developing working capital. B. but mostly this prohibition is simply a pretense, and interest is usually paid but termed something else. C. which greatly limits the development of international businesses. D. so the acquisition of working capital is severely limited.
Which of the following is a correct statement regarding securities regulations?
A) Securities are regulated by state law, not federal law. B) Securities are regulated by federal law, not state law. C) Securities are regulated concurrently by state and federal laws. D) Securities are regulated sequentially by state and federal laws.
On June 1, Delaware Co. had one unit in beginning inventory that cost $10.00. During June, Delaware paid cash to purchase two additional inventory items. Delaware purchased the first item for cash at a cost of $10.00, and the second at a cost of $12.00. Delaware Co. sold two inventory items for $24.00 each, receiving cash.
Based on this information alone, indicate whether each of the following items is true or false. a) The amount of ending inventory will be $10 assuming the LIFO cost flow method was used. b) Cost of goods sold would be $24 assuming the weighted-average cost flow method was used. c) Cash flow from operating activities in June would be $28 assuming a FIFO cost flow method was used. d) Cash flow from operating activities in June would be $26independent of what cost flow method was used. e) The amount of gross margin would be $26 assuming the FIFO cost flow method was used.