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Alik [6]
3 years ago
8

Silver Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts represent $66 for delivery expense

s, $219 for merchandise inventory, and $35 for miscellaneous expenses. The fund has a balance of $110. The journal entry to record the reimbursement of the account includes a:
Business
1 answer:
ratelena [41]3 years ago
6 0

Answer:

The correct answer is credit to cash by $320..

Explanation:

According to the scenario, Journal entry of the given data are as follows:

Journal entry

Delivery expense A/c Dr $66

Merchandise inventory A/c Dr $219

Misc. Expense A/c Dr $35

To Cash A/c $320                            ( $66 + $219 + $35)

(Being reimbursement of the account is recorded )

Hence, reimbursement of the account includes  credit to cash by $320.

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myrzilka [38]

Equilibrium price will increase and quantity will decrease will be the resulting change in the equilibrium of the chocolate bar market.

The equilibrium charge is the rate at which the amount demanded equals the amount supplied. It's far decided through the intersection of the demand and deliver curves. A surplus exists if the amount of an excellent or carrier provided exceeds the amount demanded on the contemporary charge; it causes downward strain on the charge.

Equilibrium is the nation wherein market supply calls for balance every other, and as a result, costs come to be strong. Typically, an over-supply of goods or services causes expenses to move down, which results in a higher call for—while an underneath-deliver or shortage causes fees to head up resulting in less demand.

Upward shifts inside the supply and demand curves have an effect on the equilibrium rate and amount. If the deliver curve shifts upward, meaning deliver decreases however demand holds constant, the equilibrium rate will increase but the quantity falls.

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Nick has a goal to pay his credit card balance in full by June 30. When he first wrote the goal in December, his balance was $2,
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3 years ago
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Holding all else constant, an increase in preferences by Mexicans for U.S. goods will ______ the demand for dollars in the forei
Finger [1]

Answer:

D. Increase; increase

Explanation:

Exchange rate is defined as the amount of one currency that can be exchanged for another currency at a particular time.

Demand and supply affects exchange rates of currencies.

Currencies that are in more demand tend to have higher exchange rates, while those with low demand will have low exchange rate.

In this instance an increase in preference for US goods will cause an increased demand for dollars. The dollar becomes stronger against the Peso.

It will take more pesos to purchase the dollar, so equillibrum exchange rate of peso to dollar will increase.

4 0
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Which of the following are all strategies for improving productivity in​ services? A. high​ interaction, mass​ customization, se
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Answer:

E. ​separation, self-service,​ automation, and scheduling.

Explanation:

Increase in productivity in a business aims to increase the efficiency of an individual or process involved in production of useful output.

Strategies for improving productivity includes separation, self-service,​ automation, and scheduling.

When there is seperation in services available to a customer, they easily identify the most relevant one to them.

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2 years ago
When a company is using double-entry accounting, what elements of a given ledger must be equal?
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