Answer:
Total cash collection= $158,500
Explanation:
Giving the following information:
<u>Cash collection:</u>
40% in the month of sale
55% in the month following sale
5% in the second month following sale
<u>Sales:</u>
April $210,000
May $160,000
June $150,000
<u>Cash collection June</u>:
Sales in cash from June= 150,000*0.4= 60,000
Sales on account from May= 160,000*0.55= 88,000
Sales on account from April= 210,000*0.05= 10,500
Total cash collection= $158,500
Answer: c. A debit to Cash Over and Short for $29.00.
Explanation:
Difference between petty cash allocation and petty cash balance and receipts
= 810 - (598.50 + 182.50)
= $29
This $29 will be debited to the Cash Over and Short Account along with Expenses of $598.50. The total of these two will then be credited to the Cash account to replenish the money in Petty Cash back to the allocation of $810.
The given statement that most of the states and the federal government have enacted statutes to protect employees who report wrongdoing from employer retaliation is True.
<h3>Whistleblower in Institutions</h3>
- A whistleblower is someone who discloses knowledge regarding action inside a private or public institution that is thought to be unlawful, immoral, criminal, dangerous, or fraudulent.
- They are frequently employees. Whistleblowers can share information or accusations through a variety of internal or external avenues.
- Whistleblowing is the act of an employee reporting misconduct that they feel is in the public interest. Examples of whistleblowing include theft and other types of criminal activities as well as unethical or unfair workplace behavior.
- A total of 40 federal legislation have been passed to safeguard the public and informants.
- Additionally, the majority of states have laws protecting public sector workers from being fired for filing complaints about misconduct by their employers, and about half of all states have laws protecting whistleblowers in both the public and private sectors.
To learn more about Whistleblower refer to:
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Answer:
Adjust supplies inventory to actual.
Explanation:
The adjusting entry to record the adjust supplies inventory to actual is shown below:
Supplies expense $730
To Supplies $730
(Being the supplies inventory is adjusted)
For recording this we debited the supplies expense as it increased the expenses and credited the supplies as it decreased the assets
Therefore the second option is correct
Answer:
The correct option is;
a. Competitors's price + Fudge Factor
Explanation:
Product pricing consideration involve considering prices that are either high, medium range or low priced which make up the high end, middle, and low price pricing strategies
The high end pricing strategy involves finding out the amount the consumer is willing and has capacity to pay for and fixing the price at that range
The low price, pricing strategy is cost based with addition of an extra amount above the calculated cost
The medium pricing strategy is based on the competitive pricing, whereby the basis of pricing is the price of the competing product and the price of the product is the competitors price plus or minus a Fudge factor.