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Tju [1.3M]
3 years ago
9

What are the types of economic systems?

Business
1 answer:
Aloiza [94]3 years ago
7 0
The three major economic systems are capitalism, socialism, and communism. Hope that helps!
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The following is correct statement related to the activity-based costing and traditional costing system, except:
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4 years ago
Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, em
AURORKA [14]

Answer:

1.Dr Postage expense $47

Dr Delivery expense $72

Dr Supplies expense $37

Dr Entertainment expense $25

Cr Petty cash $181

2.

Dr Petty cash $181

Cr Cash $181

Explanation:

Preparation of the Journal entry to record all employee expenditures and the entry to replenish the petty cash fund.

1.Since we were told to record all employee expenditures this means that the employee expenditures Journal entry will be recorded as:

Dr Postage expense $47

Dr Delivery expense $72

Dr Supplies expense $37

Dr Entertainment expense $25

Cr Petty cash $181

($47+$72+$37+$25)

2. Since we were told to record the entry to replenish the petty cash fund, this means that the petty cash fund will be recorded as:

Dr Petty cash $181

($47+$72+$37+$25)

Cr Cash $181

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4 years ago
Inflating your expenses for a company-sponsored conference that discredits the profession is a violation of what ethical​ standa
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Answer:

B) Integrity

Explanation:

There are various ethical standards which are described below:

A) Credibility: This ethical standard deals with the communication of the correct information of the statement of financial position to all stakeholders of the business organization.

B) Integrity: This ethical standard stated that the chartered accountant should be honest and not biased for his personal gain. If he/she is biased, then he/she violates his/her profession.  

C) Competence: The person is capable to do the particular task or not will check by his competence

D) Confidentiality: The financial information should not be disclosed out to third parties. The person should maintain confidentiality.  

So as per the given scenario, the most appropriate option is B. Integrity

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Hansel just bought 100 N95 masks to sell during the pandemic. Hansel realizes he doesn’t have enough and calls Gretel on the pho
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7 0
2 years ago
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