"Many companies and persons have seen a business opportunity onthe Internet to put a link where you can meet and purchase ítems”

ADVANTAGES

There are many advantages of using the web as a means of purchase or payment from avoiding excess time in queues or traffic to save paper vouchers, which are very easy to lose.

Other benefits have to buy something online is being able to meet other articles that come to our country easily.

DISADVANTAGES

To pay something in the web you need a credit or debit card, which requires to be reviewed if they charged you to purchase the product or not.

Another drawback is the bills, which are sent to your email and erase many times without realizing it.

CONCLUSION

With their pros and cons, it is feasible that in a not too distant future most of our expenses are made this way. Do not miss the Friday tip of what you talk about a card cloning.

COMMENT

Home Marketing online is a business that can generate significanteconomic benefits but the downside is that it is more insecure, and if ithas to investigate who you are trying to finish not cheated or in thiscase are not met established contracts.

WEEK 12

Crossword with the financial glossary

MULTIPLE CHOICES

1. The Sales account and Purchases account should include:

b. only credit sales and credit purchases of merchandise.

2. Purchasers of merchandise may be dissatisfied with the quality of goods purchased on account, and return the goods to the seller with an indication that payment will not be forthcoming. In such case, the document prepared by the purchaser is called:

a. debit memorandum.

3. Bergstrom accepted the return of merchandise by a customer. The merchandise had been sold on account, and payment had not been received on the date of return. The returned goods retailed for $400, but cost Bergstrom only $300. The appropriate journal entry for Bergstrom is:

b. Sales Returns & Allowances 400
Accounts Receivable 400

4. Which of the following statements is true?

c. Cash discounts may not be used in conjunction with trade discounts.

5. Lux had net purchases of $50,000, ending inventory of $25,000, net sales of $100,000, and gross profit of $32,000. How much was Lux's beginning inventory?

b. $43,000


7. On March 1, Zekew Company purchased $1,000 of merchandise, terms 1/10, n/30. Zekew uses the net method of recording purchases. Payment of the accounts payable was made on March 4. Which of the following journal entries is appropriate for the March 4 transaction?

b. Accounts Payable 990
Cash 990

8. Dodd Company utilizes the periodic inventory accounting system. Dodd had beginning inventory of $59,000, ending inventory of $37,000, and net purchases of $123,000. Which of the following components should be included in the year-end closing entries prepared by Dodd?

c. Income Summary 59,000
Inventory 59,000


9. Russell Merchandising uses the perpetual inventory system. Which of the following statements is correct?

b. When Russell records a sale, it should also credit inventory.

WEEK 13

Debt Consolidation Service Or File Bankruptcy?

When a person declares bankruptcy should make a consolidation with the bank or lender to extend the payment limit (36 months or more) or in which case reduce the rate of interest. if the debt is significant will have to mortgage your house.

In another instance must seek ancillary banking and choose the best option for their current economic conditions.