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4 years ago

A $53 petty cash fund has cash of $24 and receipts of $37. The journal entry to replenish the account would include a

Business

1 answer:

Karolina [17]4 years ago

3 0

Answer:

correct option is C. credit to Cash Short and Over for $8

Explanation:

given data

petty cash = $53

cash = $24

receipts = $37

solution

here credit to cash over and short that is

cash over and short = cash + receipts - petty cash .......................1

put here vale and we will get

cash over and short = $24 + $37 - $53

cash over and short = $8

so here correct option is C. credit to Cash Short and Over for $8

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This evidence will be called 'Note'

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3 years ago

The Rodriquez family is determined to purchase a $250,000 home without incurring any debt. The family plans to save $2,500 a qua

dexar [7]

Answer:

70years

Explanation:

The future value formula for compound interest, after n interest period is

$F=P(1+i)^n$

where i is the interest rate per period in decimal form and P is the principal or present value.

The Rodriquez family is determined to purchase a $250,000 home so

F=$ 250,000

The family plans to save $2,500 a quarter for this purpose and expects to earn 6.65 percent.

This implies that:

$i = \frac{0.0665}{4} = 0.0016625$

For t years, the number of compounding periods will be;

$n = 4t$

We fixed the values into the formula and solve for t.

$250000=2500(1+0.0066125)^ {4t}$

$\frac{250000}{2500} =(1.0066125)^ {4t}$

$100=(1.0066125)^ {4t}$

$100=(1.0682)^ {t}$

$t = log_{1.0682}(100)$

$t = 69.8$

It will take approximately 70years

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3 years ago

all of the following are categorizations of human activity affected by big data analytics except: trash collection. security and

xxTIMURxx [149]

Trash collection is the process of collection and removal of garbage. It does not get affect by big data analytics. Thus, the correct option is A). Trash collection.

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Trash collection is the process of the collection and removal of garbage. It is the act of picking up or collecting the garbages from various places.

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1 year ago

Which model allows private companies to set up manufacturing units on prison grounds or purchase goods made by inmates in shops

nadya68 [22]

Answer:

private prison enterprise

Explanation:

A public jail is not a profit-generating enterprise. The eventual objective is to house jailed prisoners in an effort to rehabilitate them or remove them from the streets. A private jail, on the other hand, is administered by a business. That corporation’s final purpose is to profit from everything they deal in.

In order to generate money as a private jail, the firm gets into a contract with the government. This contract should indicate the basis for payment to the company. It might be based on the size of the jail, based on a monthly or annual predetermined sum, or in most situations, it is paid depending on the number of convicts that the prison holds.

As of 2019, there are around 116,000 inmates detained in private prisons, which constitutes 8 percent of the overall federal and state prison population.

Many of these jails save the government money, but others actually cost more per prisoner than a public institution would cost.

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3 years ago

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3 years ago