Answer:
Explanation:
The journal entry to record the expenditure account is shown below:
Postage A/c Dr $100
Business lunches A/c Dr $150
Delivery fees A/c Dr $75
Office supplies /c Dr $25
To Petty cash A/c $350
(Being expenditure is recorded)
So, the debit petty cash account would not be considered as it is credited while passing the journal entry.
Answer:
im sorry i cant see the picture what is it sorry
Because the consumers are losing jobs, which leads to less purchases. Hope this helps!
When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to ending inventory.
Production is the process of combining diverse material and immaterial inputs to create a consumable good or service. It is the process of producing something of worth, goods, or assistance that benefits a person.
Manufacturing is the process of creating items or goods out of components or raw materials. To put it another way, manufacturing employs inputs to produce outputs fit for consumption, i.e., things or products that are valuable to the consumer or end-user. The creation of furniture is an illustration of production. Harvesting corn for food is an illustration of production. Corn production is an illustration of production.
To know more about Production refer to: brainly.com/question/14293417
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Answer:
$4,198.10
Explanation:
Compounding and discounting are the methods used to determine the present and future value of money.
Compounding shows the Future value of an amount today while discounting shows the present value of a future amount.
Fv = Pv ( 1 + r )^n
where
Fv = Future value
Pv = Present value
r = discount rate
n = time
5000 = Pv ( 1 + 0.06)^3
Pv = 5000(1.06)^-3
= $4,198.10
