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frosja888 [35]
3 years ago
5

A $100 petty cash fund has cash of $17 and receipts of $86. The journal entry to replenish the account would include a :

Business
2 answers:
Hunter-Best [27]3 years ago
6 0

Answer:

credit to cash over and short for $3

Explanation:

petty cash fund = $100

cash available = $17

receipts = $86

in order to replenish the account

cash available + receipts - petty cash fund

= ( $86 + $17 ) - $100 = $3

The journal entry for this transaction will be : credit to cash over and short for $3

A petty cash fund is an account set aside by a firm or company for the day to day running of the company ( minor expenses) and there is usually a threshold amount expected to be in it hence in the Journal  a credit to cash over and short for $3 will be entered.

Paladinen [302]3 years ago
4 0

Answer:

The correct option is C, credit to cash over and short for $3

Explanation:

The requirement targets the balancing entry in the cash account,with cash of $17 in the petty cash account coupled with receipts of $86, the total amount in the petty cash is $103 ($86+$17) and the established float is just $100, which implies that the petty cash has an excess fund of $3 that must be returned to the main cash account.

The excess is the difference between $103 cash in the petty cash account and the maximum float of $100($103-$100)

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Answer:

C. shortage of skilled labor.

Explanation:

The invention of high-tech (computers, biotechnology, robots, drones, self driving vehicles and so an) is reducing the involvement of skill human labor which will continue incoming years. For example humans carryout the task of carrying-out calculation several years ago, but in recent years computers carry out such works and at a faster pace. Also routine human works such as arranging, bottling, pasting of labels can be carried-out by well programmed out and trained robots. These and many more will cause the shortage of labor(human) in coming years.

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Analyze and describe how the fluctuating global market, organizational structure, and the technology revolution have impacted th
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3 years ago
The ____ rule explains variation in employee conduct through generalizing on the percentage of employees in any given organizati
lana [24]

Answer: 10/40/40/10

Explanation:

Under the 10/40/40/10 rule, 10% of the employees tend to follow ones own attitudes and values, i.e. they believe that their beliefs are more remarkable than those around them. 40% of the employees try to go along with the organization policies. The other 40% might follow their assigned work group whereas the last 10% tend to take advantage of such circumstances just in case if degree of penalization is lower to that of the benefit and also risk of  getting caught is less.

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Jensen Company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales. True False
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Answer:

Jensen company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales.

This statement is true

Explanation:

Contribution margin ratio is the ratio of contribution to sales. Since the contribution margin ratio is 45%, it implies that variable costs are 55% of sales.

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Which one of the following regarding the State Disability Insurance (SDI) program is true?
solmaris [256]

Answer:

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Explanation:

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become unable to work due to a disability, and begin receiving disability insurance benefits, your disability insurance benefits are considered a substitution for your unemployment insurance benefits,  and will then be reported for tax purposes.

If disability insurance benefits are reported, a notice will accompany the first benefit payment sent to you advising  that the benefits are being reported to the Internal Revenue Service.  The employment development department will provide you with a 1099G tax form in January showing the reported amounts paid and forward a copy to the Internal Revenue Service.

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Paid family leave benefits are not taxable or reported to the California State Franchise Tax Board.

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