Closing costs are fees paid at closing by either party who are buying a house.
The answer is “gray water”. Gray water is defined as the
wastewater from showers and sinks, gray water can be used to water your yards.
Gray water does not need purification to water your yard, it can even help in
reducing one’s overall water usage at home.
Answer:
- Entry for Establishing Petty cash fund:
Dr: Petty Cash $ 229
Cr: Cash/bank $229
- Entry for Expense paid out of Petty cash:
Dr: Office Supplies $ 95
Dr: Misc Expense $ 120
Cr: Petty Cash $ 215
- Entry for Reimbursement of Petty cash fund:
Dr: Petty Cash $ 0
Cr: Cash/Bank $ 0
No entry is required at the moment as the petty cash fund balance after the transactions is not below $11 which is the reimbursement limit ($229-$95-$215 = $14)
Explanation:
A petty cash fund is a fund established within an entity in order to pay out day to day small expenses out of expenses. It is recognized as an current asset when initially set up and slowly expense out as soon as the money is taken out from it for a specific expense.
Examples: Petty cash payment can be used for below small expenses:
- Postage and stationery
- Meals and entertainment
- Office Supplies
- Conveyance Allowance
- Sundry Expenses etc.
Answer:
correct option is a. not fully integrated
Explanation:
As per given in question we know Farmers Produce and Growers Market case delivery locally grown fruit and vegetables
so here it is a critical aspect to certain that all deals point discussed to be enter in to the final contract
and that the word precisely reflect the deal is a fully integrated contract that will have a clause
clause = Entire Agreement
clause = Integration
so here correct option is a. not fully integrated
Answer:
Explanation:
U(C, L) = (C – 100) × (L – 40)
(a) C = (w - t)[110 - L] + 320
C = 10[110 - L] + 320
C + 10L = 1420
where,
C- consumption
w - wages
t - taxes
L - Leisure
(b) Given that,
L = 100 then,
C = 420
= 5.33
(c) L = 110
C = 320
Reservation wage:
= 3.14
(d) At optimal level,
C - 100 = 10L - 400
C - 10L = -300
C = 10L - 300
Using budget constraint:
C + 10L = 1420
10L - 300 + 10L = 1420
20L = 1720
L* = 86 and C* = 560
