Choose the Word or Phrase in [ ] Which Will

question 76

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A cash-balance [does | does not] guarantee a minimum rate of return.

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Definitions:

Merchandise Inventory

Goods or products that a company holds for the primary purpose of selling them to customers.

Sales Returns & Allowances

Sales Returns & Allowances account for the reduction in sales due to products being returned or allowances provided for damaged goods.

Merchandise Inventory

Goods that a business holds for the purpose of selling to customers, often part of the current assets on a company's balance sheet.

Periodic

Occurring or recurring at regular intervals, often used to describe payments, reviews, or assessments.