Match each of the fees below with the situations where a credit card customer would get charged.
Annual fee
2
The credit card company
requires a yearly payment
for the right to use the
card.
Balance transfer
fee
?
You use a new credit card
to pay off the $1,000
balance on another credit
card.
Cash advance
fee
?
You withdraw $500 from
an ATM using your credit
card.
Late payment fee
?
You pay your minimum
payment one week after
the due date.
No

Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.