Both Consignment Purchases and Memorandum Purchases Enable a Retailer to _____

question 14

Multiple Choice

Both consignment purchases and memorandum purchases enable a retailer to _____.

• A)increase information flows
• B)lower insurance costs
• C)improve cash flow
• D)reduce inventory levels

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Definitions:

Check Register

A record maintained by account holders to track checks written, deposits made, and current balances.

Deposit

A sum of money placed into an account or given to another party as a part of a financial transaction.

Check Register

A check register, also known as a cash disbursements journal, is used to keep track of financial transactions, specifically outflows, associated with a bank account.

Cash Balance

The amount of cash a company or individual has available after all transactions have been accounted for.