1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
strojnjashka [21]
2 years ago
7

A $298 petty cash fund has cash of $32 and receipts of $247. The journal entry to replenish the account would include credit to

Petty Cash for $247. debit to Cash for $247. debit to Petty Cash for $266. credit to Cash for $266.
Business
1 answer:
Nikolay [14]2 years ago
7 0

The journal entry to replenish the petty cash account is credit to Cash for $266.

<h3>How would petty cash be replenished?</h3>

The amount that needs to be replenished is:

= Petty cash fund - cash

= 298 - 32

= $266

This amount needs to be taken from the cash account which is why the cash account will be credited with $266.

Find out more on the petty cash fund at brainly.com/question/27585546

#SPJ1

You might be interested in
In the 1990s, DVDs replaced audiocassettes and floppy disks as the storage media of choice for music and computers. In today's w
Yuki888 [10]

Answer:

sales decline

Explanation:

everyone stopped buying DVDS because they are kind of useless at this time period, which means they couldn't make any money

5 0
3 years ago
A member in a cartel can earn more profits byA) charging a slightly lower price and raising production.B) producing less than th
zavuch27 [327]

Answer:

The correct answer to the following question is option A) charging slightly lower price and raising production .

Explanation:

A cartel can be defined as a group of firms , that join forces together to decide what level of output should be produced and at what prices they should be sold at. A cartel generally forms in oligopoly market where there are few firms in the market and they all have significant share in the market.

Reason why firms join forces together is because they want to have more dominant position in the market and increase the market power. So these type of cartels forms a monopoly n the market and earn high profits. But there are always chance of firms cheating each other in market, by either increasing the production or decreasing the price by a small percent, which will allow them to earn more profits.

7 0
3 years ago
In a simple economy​ (assume there are no​ taxes, thus Y is disposable​ income), the consumption function is Upper C equals 1000
Oduvanchick [21]

Answer:

Autonomous consumption is <u>$1,000</u> and the marginal propensity to consume is <u>0.9</u>.

A consumer whose income increases by​ $100 will increase consumption by <u>​$90</u>.

Explanation:

Given C = 1000 + 0.9Y

Autonomous consumption refers to consumption expenditure of consumers that does not depend on income. Therefore, autonomous consumption is therefore the consumption expenditure made by the consumers when they do not have income or when income is zero (i.e. when Y = 0).

Substituting for Y = 0 into the consumption function, we can obtain autonomous consumption is follows:

Autonomous consumption = 1000 + (0.9 * 0) = 1,000

The marginal propensity to consume refers to the proportion of the increase in disposable income that is spent on the consumption of goods and services by a consumer. From the consumption function, the marginal propensity to consume is 0.9.

Since marginal propensity to consume is 0.9, a consumer whose income increases by​ $100 will therefore increase consumption by $90 (i.e. $100 * 0.9 = $90).

7 0
3 years ago
"i don't like to call it killing; i prefer to call it ‘enemy processing'" is an example of
klio [65]
Is this a question or what is this.
7 0
3 years ago
The types of milatary are safe
goblinko [34]

Answer: US Air Force and Navy

Explanation:

8 0
3 years ago
Other questions:
  • Suppose the spouse of the primary earner in the household is considering joining the labor force. The spouse currently cares for
    11·1 answer
  • On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note,
    10·1 answer
  • Marcos launched a small business by inventing, patenting and commercializing a new hand tool. Big Co. has produced a cheaper kno
    8·1 answer
  • The entire business cycle normally takes ____ years
    5·1 answer
  • "I am 27 years old and have just finished law school and passed the state bar examination. Now I am ready to begin my new career
    14·1 answer
  • Boards Inc. fabricates skateboards that the company sells for $ 37.50 each. Fixed costs for the last 12 months equaled $4,800. F
    14·1 answer
  • Which of the following are included in M2?
    14·1 answer
  • The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 4,500 per day. FSF supplies hot dogs to local restaurants a
    6·1 answer
  • Indiadesh is a country that produces two goods, textiles and computers. Last year, Indiadesh produced 500 textiles and 1300 comp
    8·1 answer
  • On the product continuum, a system falls in the area of low volume and low standardization, but it is NOT at the extreme left (l
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!