Two Scoops uses the information to track cash, sales revenue, and expenses daily. This type of accounting system facilitate effective decision making by the following ways.
<h3>What is accounting system?</h3>
An accounting system is a collection of accounting operations with built-in controls.
Effective decision making through given accounting system are-
- This strategy would ensure that the business was completely aware of its daily sales and what the counter balance ought to be at any given moment.
- It would be simple to make business decisions that are in line with the needs of the firm and not just arbitrary decisions based on reality contacts thanks to the data obtained from this procedure being ready to put in to excel sheets and be shown in the form of various charts.
- Since they are aware that the accounts are regularly audited, store staff would not want to take part in stealing from the cashier.
To know more about accounting, here
brainly.com/question/14616752
#SPJ4
Answer:
D. 5.00
Explanation:
The calculation of current ratio is given below :-
Current Ratio = Current Assets ÷ Current Liabilities
where,
Current Asset = cash + account receivable + office supply
= $400 + $1000 + $600
= $2,000
and the Current Liabilities is
= Account payable + salary payable
= $300 + $100
= $400
So, the current ratio is
= $2,000 ÷ $400
= 5 times
Answer: Senior citizens (65 years and older) = psychographic.
Explanation:
Psychographic segmentation is simply segmentation that is based on the psychological characteristics of the consumer such as lifestyles, personality, social class etc while Demographics is the study based on factors like sex, age, and race.
Base on the above explanation, "Senior citizens (65 years and older) = psychographic" is the answer. It should be noted that this is demographic related and not psychological.
<span>Net worth is calculated by adding all of your assets together and then subtracting your total amount of debt. In this case, your net worth are the items you own and how much value they are worth. The car ($3200) and the investments ($7500) added together make a total of $10700. Your total debts are $1300 from your credit cards. Subtracting debts from assets ($10700 - $1300) you have a total net worth of $9400.</span>
Answer: The two parts of demand are:
• Willingness to buy
• Ability to pay
Explanation:
Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.
There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.