Answer:C. $6,538
Explanation:
Cost Formulae = $530 + ($114 X No of Jobs) + ($16 X No. Of meals)
Budgeted Activity for October = 20 jobs , 233 Meals
The Catering Supplies in the flexible Budget would be for October becomes :
= $530 + ($114 X 20) + ($16 X 233)
= $530 + $2280 + $3,728
= $6,538
Answer and Explanation:
The Journal entry is shown below:-
September 9
Petty cash fund Dr, $400
To Cash $400
(Being establishment of petty cash fund is recorded)
Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.
September 30
Merchandise Inventory Dr, $51
Postage expense Dr, $73
Cash Short and over Dr, $13
Miscellaneous Dr, $141
To Petty Cash $278
(Being reimburse of petty cash find is recorded)
Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.
October 1
Petty cash fund Dr, $60
($460 - $400)
To Cash $60
(Being increase in petty cash fund is recorded)
Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.
Answer:
A
Explanation:
A court-ordered action that directs parties to do or not to do something
Answer:
b. Due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatment.
Explanation:
Answer: a. 2.44%
b. 0.001070%
Explanation:
Given: The returns from an asset are normally distributed with
Let x be the percentage value of return.
a. Double in value in a single year i.e. 100% return.
z-value = 
Required probability = Right-tailed probability for Z = 1.97
= 0.0244 [By p-value calculator]
= 2.44%
b. Triple in value in a single year i.e. 200% return.
z-value =
Required probability = Right-tailed probability for Z =4.25
= 0.0000107 [By p-value calculator]
= 0.001070%
