Answer:
It is established to pay for small payments like postage, shipping fees, etc.
It is an asset reported on the balance sheet.
It is used to avoid the time and cost of writing checks for small amounts
Explanation:
A Petty Cash is simply any amount of cash kept on hand and used for making small payments. It is usually placed on the asset account and it account also increases on the debit side and decreases on the credit side.
The Petty Cash fund is set up with the use of the following:
1. Date
2. Debit
3. Credit
4. Source Document
Businesses promote use of Petty Cash funds due to it having some small payments for which writing a check is not time or cost effective. It is increase by replacimg or putting more money back in the petty cash box. Before putting money, an evidence of the fund being put in to the box must be complete.
Answer:
C. Sales of marketing staff
Explanation:
Marketing staff expenses are not directly part of product costs. They are administrative expenses
Answer: String
Explanation:
How the measurement is done with a string;
•Wrap a string around the pipe.
•Mark the point where the string touches together.
•Use a ruler or measuring tape to find the length between the tip of the string and the mark you made (circumference)
•Divide the circumference by 3.14159.
Answer:
D. The death of a key executive.
Explanation:
The accounting records refer to the recording of the day to day transactions that involve the purchase made. additional cash investment, cash sales, cash receipts, expenses incurred, withdrawn for personal use, cash payments, etc
The amount would be posted to the income statement, statement of stockholder equity, balance sheet, and the cash flow statement.
Since in the given scenario, the first three options reflect the accounting records while the last option is not relevant that means this is a correct option
A student-run group called the Volunteer Action Center (VAC) connects University of Arkansas students with volunteer opportunities in the Northwest Arkansas neighborhood. A student leadership board and regular student volunteers make up the VAC.
What is Volunteer Action Center (VAC)?
The region's non-profit volunteer resource center, Our Health's Volunteer Action Center (VAC), collaborates with neighborhood non-profit and public service organizations to fulfill volunteer needs. The Volunteer Action Center connects, mobilizes, engages, and supports volunteers as a convener and a catalyst for action.
Why do volunteer organizations fail?
Volunteer groups frequently fail because there is a mismatch between people's motivation to volunteer and how the organization handles its base of supporters. People volunteer to support a cause, give back to the community, or just to feel more socially connected.
Learn more about Volunteering: brainly.com/question/11629937
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