Answer:
Option "b"$55000 is correct.
Explanation:
Below is the given values:
Starting raw material = $30000
Pruchased material = $65000
Raw material at the end = 40000
Now calculate the raw material used:
Raw material used = Starting raw material + purchases - ending raw material
Raw material used = 30000 + 65000 - 40000
Raw material used = 95000 - 4000
Raw material used = $55000
Thus option "b"$55000 is correct.
Answer: The answer is as follows:
Explanation:
1. Good : Goods refers to an item or material that can be used by the consumer to satisfy their wants and it is tangible in nature. For example; mobile phone, pen, pencil, etc.
2. Service: Service is intangible in nature. Service is provided by the other person which includes medical services by doctors, travelling services, etc.
3. Free good: A free good is a good that is available at a zero price and a good that is not scarce in quantity. For example; ideas, web page, sunlight, etc.
Answer:
c.special cash fund
Explanation:
The petty cash fund is a special cash fund in which the small amount of the cash kept on hand for paying out the minor expenses like office supplies, etc
So as per the given situation, the petty cash fund is the special cash fund
Therefore the option c is correct
And, the rest of the options are incorrect