As of December 2014,which of the Following Represented the Highest

question 68

Multiple Choice

As of December 2014,which of the following represented the highest percent of the dollar value of noncash transactions in the United States?

• A)Credit transfers.
• B)Card payments.
• C)Debit transfers .
• D)E-money payments.
• E)credit transfers.

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Definitions:

Cash Budget

A cash budget is an estimation of the cash inflows and outflows for a business over a specific period of time, used for managing liquidity and ensuring that the company can meet its financial obligations.

Budgeted Income Statement

A financial statement that projects a company's anticipated revenue, expenses, and profits for a specific period, based on budgeted operations.

Cost of Goods Sold

Cost of goods sold (COGS) is the direct costs attributed to the production of the goods sold by a company, including material and labor costs.

Benefits of Budgeting

The advantages of planning and controlling an organization's or individual's finances, such as better decision-making and financial stability.