Answer:
The debit to Cash Short & Over would be: $ 8
Explanation:
Particulars Debit Credit
Cash $ 18
Miscellaneous $ 3
Additional Tickets $ 191
Cash Over and Short $ 8
Petty Cash Fund $ 220
Sometimes a petty cashier fails to get a receipt for a payment or over pays for the amount due. When this occurs and the fund is later reimbursed the petty cash payments report plus the cash remaining will not total to the fund balance . This mistake causes the fund to be short. This shortage is recorded as an expense in the reimbursing entry with a debit to Cash Short & Over .
Lawyer is a career typically requiring a certificate from a vocational school program.
Answer:
Answer is A
Explanation:
Remember Gross Margin = Gross Profit /Sales Revenue
We already know that Gross Margin = 0.4
We assume sales revenue as the unknown value (S)
Using the relationship above: Gross Profit (GP) = 0.4S
We know that Profit Before Tax = Gross Profit - General & Admin Expenses - Interest Expense
Substitute the values in the equation above.
Profit Before Tax (PBT) = 0.4S - 50 - 20
= 0.4S - 70
To calculate the Tax we multiply the Tax rate (30%) by the PBT
Tax = (0.3) x (0.4S -70)
= 0.12S - 21
We know that Net Income = PBT - Tax
We now substitute the values:
70 = 0.4S - 70 - (0.12S - 21)
Solving the equation for S results in the value of Sales Revenue equaling $425.
Answer:
The correct answer is 16 utils.
Explanation:
Amount spent by Rick to get utility of 8 = $6*2 + $3 * 4 = $24
$48/ $24 = 2
$48 will give Rick 2 sets of products combination that give him utility of 8.
At his utility-maximizing point, Rick's utility is 2* 8 = 16 utils.
Answer:
because he needs to see.
Explanation:
but it is adorable, maybe he needed wider glasses to fit the width of his face? i.d.k he looks like a cool kid though.
