Answer and Explanation:
The Journal entries are as follows:
On January 1
Petty cash Dr. $140
To cash $140
(Being the petty cash fund is recorded)
On January 8
Postage expense Dr. $47
Merchandise inventory Dr. $12
Delivery expense Dr. $14
Miscellaneous expenses Dr. $36
To Cash $109
(Being the reimbursement of the petty cash fund is recorded)
On January 8
Petty cash Dr. $450
To cash $450
(being the increase in petty cash fund is recorded)
Only these three entries are recorded
Answer:
got to their page and press friend
Explanation:
Answer:
How much do you make in interest in a year?
<u>$ 1100</u>
How much would you need to have made for your spending power to keep up with inflation in that year?
<u>$ 1782
</u>
How much buying power did you lose in that year because of inflation?
<u>$ 682
</u>
Explanation:
Your interest formula is given to you.
Interest in a year = principal (the amount invested) * rate (the interest rate) * period (the time you're measuring)
Interest = 55,000 * 2% * 1 year = 55,000 * 0.02 * 1 = $1,100
How much would you need to have made for your spending power to keep with inflation? Your interest rate would have needed to match the inflation rate, otherwise prices are going up faster than you're saving.
Required interest = 55,000 * 3.24% * 1 year = 55,000 * 0.0324 * 1 = $1,782
How much buying power did you lose? The difference between your required interest and your actual interest.
Buying power lost = 1,782 - 1,100 = $682. You lost this much in buying power.
Hope that helped :)
Answer:
includes a two-part exam, education requirements, and a work experience requirement
Explanation:
The CMA certification requires a minimum of a bachelor's degree, at least a two year work experience and passing a two part exam with at least 50%.
CMA focuses on financial analysis, budgeting, and strategic assessment.
I hope my answer helps you.
I think the correct answer from the choices listed above is the last option. H<span>e earns a salary from his work, interest on his savings account, and dividends on his stock holdings. Hope this answers the question. Have a nice day.</span>
