Answer:
Only the petty cashier is responsible for paying cash from the fund.
Explanation:
A petty cash fund can be regarded as small amount of cash that is kept on hand or kept in a locked drawer which could be used in payment for minor expenses. These expenses could be office supplies expenses or reimbursements. There should be periodic reconciliations for a petty cash fund, and the transactions should also be recorded on the financial statements. As regards to petty cash fund used in a business, Only the petty cashier is responsible for paying cash from the fund.
Answer:
$16,250
Explanation:
Calculation to determine the Operating cash flow
Operating cash flow = ($62,000 - $77,000)(1 - 0.25) + ($60,000/3)(0.25)
Operating cash flow =($15,000*0.75)+$5,000
Operating cash flow =$11,250+5,000
Operating cash flow =$16,250
Therefore the Operating cash flow will be $16,250
Your purchasing power increased.
<h3>What is the change in purchasing power?</h3>
Purchasing power is the amount of goods and services that a unit of currency can purchase. Purchasing power is reduced by inflation.
Inflation is when there is a persistent rise in general price level. Inflation can be as a result of an increase in the demand for goods and services or as a result of an increase in the cost of production. When inflation increases, there is a decline in the purchasing power of money.
Inflation increases by 4% while investment returns increase by 6%. The increase in returns is greater than the increase in inflation, thus, the purchasing power of the investment returns increases.
Here are the options:
A increased
B decreased
C stayed the same
D become more variable
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