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Marat540 [252]
2 years ago
8

Describe what a petty cash fund is by completing the following sentence. A petty cash fund is used for (large/small) payments in

order to (increase/avoid) the time and cost of writing checks for (large/small) amounts
Business
1 answer:
exis [7]2 years ago
4 0

A petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.

<h3>What is petty cash?</h3>

A petty cash fund is a small amount of cash, used to pay for minor expenses, such as office supplies or employee reimbursements.

It is the pet a actual ledger book, rather than a computer record.

Hence, a petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.

Learn more about petty cash here : brainly.com/question/6893535

#SPJ1

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A company that manufactures a device that is heavily regulated by the government and has to undergo a rigorous pre-market approv
Vikki [24]

Answer:

preemption

Explanation:

Preemption -

It refers to the process of getting some prior claim , is referred to as preemption .

It is basically some rights which a company takes before any other company getting it .

Some pre approved process is known as preemption , these claims are required to be taken .

Hence , from the given scenario of the question ,

The correct answer is preemption.

7 0
3 years ago
The economy's long-run AS curve assumes that wages and other resource prices _____. rev: 06_12_2018 Multiple Choice eventually r
liubo4ka [24]

Answer: eventually rise and fall to match upward or downward changes in the price level.

Explanation:

Long-run aggregate supply (LRAS) curve simply shows the long-term output for a country. In the long-run, it should be noted that the aggregate supply curve is vertical, which shows that the changes in the aggregate demand will only result in a temporary change with regards to the total output of the economy.

The aggregate supply curve of an economy assumes that the wages and other resource prices eventually rise and fall to match upward or downward changes in the price level.

Therefore, the correct option is A.

8 0
3 years ago
Review the scenario:
ankoles [38]

Answer:

w4

Explanation:

because its w4 because it explains its his first day on the job

4 0
3 years ago
Read 2 more answers
Suppose the exchange rate is 90 yen per U.S. dollar and the United States wants to keep the exchange rate at a target rate of 90
ikadub [295]

Answer:

Option A, buys dollars to raise the exchange rate, is the right answer.

Explanation:

Option A is correct because when the Fed will buy the dollars then only the demand for dollars will shift rightwards. Consequently, the dollar price or exchange rate will go up. Therefore, the Fed will buy the dollars to increase the exchange rate. In another case, if the Fed wants to decrease the exchange rate then it will sell the dollars, and selling of dollars will shift the supply rightwards. Thus, the exchange rate will fall.

6 0
3 years ago
On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $4,500, terms 4/10, n/30. On June 20, SH returns to
Georgia [21]

Answer: $3360

Explanation:

Based on the information given in the question, the amount of cash paid by SH to Oakley will be calculated as thus:

SH will be entitled to a discount of 4% since the payment was made within the discount period, therefore, the discount that is applicable will be:

= $4500 - $1000

= $3,500

Therefore, the amount of cash payment that is made by SH to Oakley will be:

= $3,500 - (4% × $3,500)

= $3500 - (0.04 × $3500)

= $3500 - $140

= $3360

Therefore, the amount of cash paid by SH to Oakley is $3360.

7 0
3 years ago
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