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3241004551 [841]
3 years ago
12

Spencer Co. decides to establish a petty cash fund with a beginning balance of $200. The company decides that any purchase under

$25 can be processed through petty cash instead of the voucher system. The journal entry to record establishing the account is:
Business
1 answer:
miv72 [106K]3 years ago
4 0

Answer:

Explanation:

The journal entry is shown below:

Petty cash A/c $200

            To Cash A/c $200

(Being the petty cash fund is established)

Simply we debited the petty cash account and credited the cash account so that the correct posting can be done with the correct item and the correct value.

All other information which is given is not relevant. Hence, ignored it

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Answer:

A. The government should implement subsidies as they would help domestic businesses be able to afford to lower the prices of their goods and thus become more competitive.

Explanation:

The government adoption of subsidies in order to support domestic telecommunication is the most effective solution in the long run. Domestic firms will be able to compete with lower prices as the cost and expenses structure would have a lighter burden over revenue.

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Which of the following statements about a strong-culture company is false?
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Answer:

A. Decisive leadership on the part of top executives, an industry-leading market share, and strict enforcement of long-standing company policies are all important traits of a strong culture

Explanation:

Option A is the correct answer to this question.

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3 years ago
The aggregate demand curve slopes downward indicating that
Likurg_2 [28]

Answer: Diminishing marginal utility.

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2 years ago
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Answer:

shifts the short-run Phillips curve up

Explanation:

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Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

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Ratling [72]

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2 methods are LEAN and Kaizen

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