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kupik [55]
3 years ago
14

A company set-up a petty cash fund with $800. The disbursements are as follows:

Business
1 answer:
Radda [10]3 years ago
7 0

Answer:

Petty Cash

Explanation:

The fundamental principle of accounting is credit the giver and debit the receiver. In this instance petty cash is giving out money to Office Supplies, Shipping, Postage and Delivery expense

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A major liquor store finds that it sells an average of 100 bottles a week of regular 750 ml bottles of Jameson Irish Whiskey. As
Semmy [17]

Answer:

  • 0.04 year
  • 200 bottles
  • 100 bottles
  • 250
  • 200

Explanation:

A)  The current order cycle length = 2 weeks

= 2 / 50 year = 0.04 year

B) The current order size

cycle time ( 2 weeks ) * demand per unit time ( 100 bottles )

= 2 * 100 bottles = 200 bottles

C) average inventory

= order size / 2 weeks = 200 / 2 = 100 bottles

D) calculate how much the liquor store spend per year on ordering

first we calculate the number of orders per year = 50 / 2 = 25

next the amount spent per year on ordering = 25 * 10 = 250

E) calculate  inventory holding costs per year

= average inventory * cost of holding per bottle

= 100 * 2 = 200

7 0
3 years ago
Rita Ryan died leaving a will naming her children, John and Dale, as the sole beneficiaries. In her will, Rita designated John a
MrRa [10]

Answer:

C.  file a final account of the administration of the estate.

Explanation:

As in the question it is mentioned that Rita designated John for her estate and at the time of her death, she have owned a land parcel with her sister namely Ann

So in this case, John as an executor must to file a estate administration final account and it also represents the beneficiary

Hence, the option c is correct

7 0
3 years ago
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