1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svetoff [14.1K]
4 years ago
8

Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply.

a.It is used to avoid the time and cost of writing checks for small amounts. b.It is an account used to record small sales amounts. c.It is established to pay for small payments like postage, shipping fees, etc. d.It is an expense reported on the income statement. e.It is an asset reported on the balance sheet.
Business
1 answer:
marissa [1.9K]4 years ago
7 0

Answer:

The correct options are:

  • A. It is used to avoid the time and cost of writing checks for small amounts.
  • C. It is established to pay for small payments like postage, shipping fees, etc.
  • E. It is an asset reported on the balance sheet.

Explanation:

A Petty Cash Fund is a small amount of money that is kept on hand to be used in covering for the making of purchases that are too small to bother to write a check. Money from the petty cash fund can be used to pay for minor expenses such as postage, cab fares, shipping fees or office supplies.

Petty cash fund appears in the balance sheet on the current assets section. This is because line items in the balance sheet are sorted according to their order of liquidity. Since petty cash is highly liquid, it always appears near the top of the balance sheet.

You might be interested in
If the cross- price elasticity of demand between beer and wine is 0.31, then beer and wine are complements. a. substitutes. b. p
Zolol [24]

Answer:

The answer is Substitutes.

Explanation:

For cross-price elasticity we can either have substitute goods or compliment goods. If the cross-price elasticity is positive, then the goods are substitutes and If the cross-price elasticity is negative, then the goods are compliments.

In this example, the cross-price elasticity is 0.31. This answer is postive, meaning, beer and wine are substitutes.

So 1% increase in price of wine will make demand of beer to rise by 0.31.

It can't be complement s because it is not negative.

It can't be necessities because this does not relate to cross-price elasticity

5 0
4 years ago
The use of anthropological techniques to study businesses and what some people cal organizational culture in order to assist the
Natalija [7]

The use of anthropological techniques to study businesses and what some people call organizational culture in order to assist the business is most specifically an example of Applied anthropology.

<h2>What is applied anthropology?</h2>

Simply described, applied anthropology is "anthropology in use". It refers to any anthropological research that is carried out to address relevant issues. This indicates that the project has stakeholders and clients who stand to benefit or lose.

There are countless challenges that anthropology can help with. Some examples are business, environmental issues, health and medicine, research, education, and many more.

Learn more about applied anthropology here:

brainly.com/question/14263920

#SPJ4

8 0
2 years ago
transferable skills necessary for successful employment include a:basic skills b:thinking skills c:personal quality d: all of th
Ymorist [56]

The correct answer is D. All of the above

Explanation:

Skills that can be used in multiple jobs or contexts are known as transferable skills. This category of skill covers many types of skills including basic skills such as teamwork, communication or problem-solving; personal quality skills such as honesty, empathy, or ethics; and thinking skills such as making decisions or organizing information. Moreover, these are all transferable skills because it is likely an individual requires these skills despite his profession or role. For example, both a doctor and a secretary might face challenges that require them to make decisions (thinking skill), use ethics to make the best decision (personal quality), and communicate this decision to others (basic skill.)

5 0
3 years ago
What is a Technical Writer?<br><br> Please be fast! Thank you!
juin [17]

A technical writer is a professional information communicator whose task is to transfer information between two or more parties.

5 0
3 years ago
Read 2 more answers
An organization accused of illegal discrimination may be able to successfully defend its employment practices by showing that th
alexgriva [62]

Answer:

a bona fide occupational qualification

Explanation:

Bona Fide Occupational Qualification is a term used to describe a type of discrimination that is not illegal, even if it seems. It is a positive discrimination used by companies to hire new employees, when necessary, based on factors that are considered discriminatory such as gender, religion, nationality, among others.

An example of this can be seen when the film recording industry needs to hire an Asian actor to play a character of Asian origin. This industry uses nationality as a discriminatory factor to hire someone, but in this scenario, this does not discriminate.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Which are my revenues and which are my expenses (besides ones that say expense)? And what should be my net income?
    9·1 answer
  • Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to pur
    9·1 answer
  • One reason that businesses want to combine with other businesses is to A. avoid taxes.
    7·2 answers
  • Which of the following best describes the group development pattern known as punctuated equilibrium?
    15·2 answers
  • When a competitive market achieves allocative efficiency, it implies that:
    8·1 answer
  • During this stage, customers are growing more aware of the product and its benefits. Choose the answer.
    9·2 answers
  • Jan and Kyle sign a contract that provides if a dispute arises, they will submit to arbitration. A dispute arises, but before it
    8·1 answer
  • Which of the following is true about the self-employed health insurance deduction? a. Medical insurance is allowed as a deductio
    6·1 answer
  • Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income sta
    5·1 answer
  • Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!