Answer:
$109,700
Explanation:
Pharoah Company Outstanding checks on bank reconciliation:
Formula for Outstanding checks on bank reconciliation will be:
Outstanding checks on bank reconciliation = Total checks outstanding+Checks issued during month -checks cleared during the month
Hence,
= $42,200+$263,900-$196,400
= $109,700
Therefore the amount of outstanding checks on Pharoah Company's bank reconciliation should be $109,700
Answer:
Dynamic Pricing
Explanation:
Dynamic pricing is the price set to reflect the changes in environment factors and factors that are included in the company's corporate policies. In the above scenario, the company has set a different price in different scenario. The normal customer who visits the store fewer times are not given any discounts however the permanent customer is given discount. This is because of the changes in customer loyalty factor. The company is charging different in different scenarios which means it is pursuing Dynamic Pricing strategy.
Sammy salt makes $275,000 a year as an exempt employee. if Olivia was paid on a biweekly basis her gross pay would be $5,288.46.
A person's gross pay is their total earnings for a certain time period before any deductions are made. Gross compensation is determined before any deductions, such as those for required taxes and Medicare contributions, employer-provided health insurance, or retirement plans. The difference between the gross pay definition and the net pay definition is that the former excludes an employee's take-home compensation.
Employee's gross pay is their salary before any payroll deductions such as taxes, benefits, and other expenses are made. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.
To know more about Gross Pay refer to: brainly.com/question/14690804
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Answer and Explanation:
The journal entries are shown below:
On Apr 2
Petty cash $290
To Cash $290
(Being the establishment of the petty cash fund is recorded)
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
On Apr 10
Mail & Postage $62
Contributions and Donations $33
Meals & entertainment $114
Cash Short and Over $4 ($290 - $62 - $33 - $114 - $77)
To Cash $213
(Being the replenishment of the fund is recorded)
For recording this, we debited the mail & postage, contributions & donations, meals & entertainment as it increased the expenses and credited the cash as it reduced the assets and the balancing figure is debited to cash short and over
On Apr 11
Petty Cash $140 ($430 - $290)
To Cash $75
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
