Answer:
The given statement is "True".
Explanation:
- Feedback would be a significant aspect in improving the accomplishment or organization's success.
- Requesting or waiting for such feedback might contribute to less and less input, although the organization must request for input, this same person might communicate with the organization by requesting comments.
Thus the above is the correct answer.
C) When used, both take money directly out of a bank account.
You're Correct!, Good job (:
Inflation is the situation money is losses some of its value due to general process levels rises in the economy.
- Hence it can be best be defined as the increase in the amount of money and credit in the economy related to the supply of services and goods.
- Thus its an upward, general trend of prices in the economy. Hence the option D is correct.
Learn more about the best described as.
brainly.com/question/15588968.
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
Explanation:
Sales Discount = (Gross Sales - Sold Price) × Discount percentage
($39,900 - $1,520) × 2%
Net sales = Gross Sales - Sales Returns - Sales Discounts
= $39,900 - $1,520 - $767.60
= $37,612.40
Ozark Merchandisers Income Statement
Net Sales Revenue $37,612.40
Cost of Goods Sold ($21,200 - $920) $20,280
Gross Profit $17,332.40
Selling and Administrative Expenses $4,200
Income from Operations $13,132.40
Other Income
Gain on sale of land $1,250
Interest Expense ($360) $890
Net Income $14,022.40
Under Finance activities the interest expense is $360 in the statement of cash flow.
