Answer:
petty cash fund 242 debit
cash 242 credit
--to establish a petty fund--
freigth-out 53.40 debit
entertainment expense 15.00 debit
postage expense 12.70 debit
miscellaneous expense 112.50 debit
cash shortage loss 2.40 debit
cash 196 credit
--to replenish the fund on August 15th--
petty cash fund 200 debit
cash 200 credit
--to increase petty fund by 200 dollars--
freigth-out 25.40 debit
entertainment expense 153.60 debit
postage expense 124.00 debit
cash shortage loss 1.00 debit
cash 304 credit
--to replenish the fund on August 31th--
Explanation:
when replenish we don't use the petty fund account we adjust directly against cash leaveing the petty fund balance untouched. We only adjusted for increases or decreases in the total amount available at the petty cash fund.
That statement is true, an LLC can indeed <span>held liable for any loss or injury caused by the wrongful acts or omissions of its members.
The assets that owned by the members couldn't be held accountable in case there is a loss in the company, but in case of criminal activities, this thing could be overlooked.</span>
Answer:
b. +1.26
Explanation:
The computation of the income elasticity of demand is shown below:
= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)
= (change in quantity demanded ÷ average of quantity demanded) ÷ (change in income ÷ average of income)
where,
Change in quantity demanded would be
= Q2 - Q1
= 14 blouses - 12 blouses
= 2 blouses
And, average of quantity demanded would be
= (12 + 14) ÷ 2
= 13
Change in income would be
= $52,000 - $46,000
= $6,000
And, average of income would be
= ($52,000 + $46,000) ÷ 2
= 49,000
So, after solving this, the income elasticity of demand is +1.26
I would choose A, it all depends where you open a savings account
Answer:
b. protects the current shareholders against a dilution of their ownership interests.
Explanation:
Shares are ownership interests that are owned by business owners and measures the degree to which an individual has a stake in a company.
Preemtive right occurs when a shareholder has a right to purchase a particular portion of newly issued shares.
For example if an individual has 40,000 shares and additional 250,000 shares are issued, he can have the right to purchase an additional 30,000 of the new shares.
The preemtive right prevents dilution of ownership interests by ensuring old stockholders have a stake in newly issued shares.
