Ask Question
BusinessBusiness
7 May, 02:09

Zoe buys three new lipsticks from a store at the mall. Which payment method would reduce the amount of money in her checking account?

+3
Answers (1)
  1. 7 May, 02:18
    0
    The correct answer to this question would be that Zoe pays for those lipstick through her debit card, but when asked by the cashier she says (intentionally or unintentionally) credit card.

    Explanation:

    Checking account (which is also know as demand or transactional accounts) is that type of deposit account, in which a person has the facility of anytime withdrawal and deposits. In these accounts a person is allowed to make unlimited withdrawals and deposits, as this account is made for day to day transaction purpose not for savings.

    In the given above case if Zoe pays for the lipstick through her debt card but at the time when cashier asked her she said credit card, this will reduce her balance in the checking account.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Zoe buys three new lipsticks from a store at the mall. Which payment method would reduce the amount of money in her checking account? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Your team consists of three people who are collaborating on a short quarterly report. You are putting the final touches on your completed report, and each member simply needs to review the document one more time before it is submitted. 1.
Answers (1)
For much of the past decade, battles have been going on over oil and gas drilling in
Answers (1)
The article discusses income inequality, and for some people this means a more equitable distribution of income is needed in the economy. what is meant by a more equitable distribution of income?
Answers (1)
The largest human relocation in the history of the world took place during
Answers (2)
What should be the order of the information on your title page? a) Name of report; name, title, and organization of the receiver; author's name and title; date of submission b) Title; author's name; name of report;
Answers (1)
New Questions in Business
Alyson is an employee at Who'd of Thunk It Games, a company that was just purchased by a competitor. The goals set forth by the new management team are extremely ambitious and are placing seemingly insurmountable goals for the employees.
Answers (1)
Making any misleading representations or incomplete or fraudulent comparison of any insurance policies or insurers for the purpose of inducing, or tending to induce, any person to lapse, forfeit, surrender, terminate, retain, or convert any
Answers (1)
Once risks have been identified, how can they be managed?
Answers (1)
The arnold fertilizer company's stock is selling for $55 in the market and its earnings per share is $5. the company is projected to grow at a rate of 22% over the next year. what is this company's price/earnings to growth (peg ratio?
Answers (1)
Strong company applies overhead based on machine hours. at the beginning of 20x1, the company estimated that manufacturing overhead would be $500,000, and machine hours would total 20,000.
Answers (1)
Home » Business » Zoe buys three new lipsticks from a store at the mall. Which payment method would reduce the amount of money in her checking account?
Sign Up Forgot Password?