Ask Question
BusinessBusiness
5 October, 21:09

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

+1
Answers (1)
  1. 5 October, 22:33
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A company makes concrete statues. Each statue requires 10 pounds of concrete at $2 per pound and 0.2 direct labor hours at $30 per hour. Overhead is assigned at the rate of $80 per labor hour.
Answers (1)
Meryl is an avid doll collector and has been searching for the Beach Doll to complete her 200-piece collection. There were only 5 Beach Dolls created in the world. Meryl is envious of her neighbor Nancy, who has the first Beach Doll ever created.
Answers (1)
Harlan Bikes wants to close an unprofitable division with an expensive mortgage, high advertising costs, and high raw material costs.
Answers (1)
Since becoming a senior vice president at her firm, Malaika has checked in informally with workers who reported concerns related to diversity and unfair treatment and represented the company at job fairs that attract diverse candidates.
Answers (1)
A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth.
Answers (1)
New Questions in Business
What role do individuals play in a capitalist system?
Answers (1)
Ravine Company issues $400,000, 20-year, 7% bonds at 101. Prepare a tabular summary to record the sale of these bonds on June 1, 2017.
Answers (1)
Describe the organization that you wish to analyze. State its commodity, business model, target market, specialization, product differentiation, pricing strategy, and market share.
Answers (1)
How are chain restaurants started
Answers (2)
When observing your customers for signs of intoxication, you don't need to consider how they look or act upon entering your establishment because you are not responsible for what they did before they arrived.
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?