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Slav-nsk [51]
3 years ago
14

An imprest petty cash fund of​ $600 was established for minor disbursements. At the end of the​ month, the fund included petty c

ash tickets for the purchase of​ $200 in​ supplies, $73 for​ meals, $82 for​ fuel, and​ $67 for taxi fare. How much cash should be left in the​ fund?
A.
​$1022
B.
​$600
C.
​$178
D.
​$245
Business
1 answer:
Yuliya22 [10]3 years ago
5 0

Answer:

C. $ 178

Explanation:

The total minor disbursements from the petty cash fund need to be aggregated.

Purchase of supplies                                            $ 200

Meal expenses                                                     $    73

Fuel expenses                                                      $    82

Taxi fare                                                                 <u>$   67</u>

Total disbursements                                            $ 422

Petty cash fund                                                      $ 600

Cash left in hand = Value of petty cash fund - Disbursements

$ 600 - $ 422 = $ 178                  

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ale4655 [162]

Answer:

accrued basis income: 14,300

cash basis income:        9,500

Explanation:

accrued: we reocgnize base on the time of transfer of goods and the expense are mathced when the period they occur.

revenues                   33,700

operating expense <u> (19,400) </u>

  net income             14,300

cash basis: we recognize based on the cash collection or disbursement:

collected from customer     25,900

paid expenses                     (13,600)

insurance paid                  <u>    (2,800)  </u>

           net income                 9,500

4 0
3 years ago
The yield to maturity on a discount bond is: equal to both the coupon rate and the current yield. equal to the current yield but
dlinn [17]

Answer:

greater than both the current yield and the coupon rate.

Explanation:

A discount bond is a bond that at the point of issuance, it's less than its face or par value.

When a bond is trading for less than its face value in the market, it's known as a discount bond.

The yield to maturity on a discount bond is greater than both the current yield and the coupon rate. This simply means that the coupon rate is usually lower than the yield to maturity of the discount bond.

Additionally, the yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

For instance, when a bond is issued at a par or face value of $5,000, at maturity the investor would be paid $5,000. But because bonds are being sold before its maturity, it would trade below its face value.

Hence, a bond with the face value of $5,000 could trade for as low as $4,800, thus making it a discount bond.

8 0
3 years ago
In 2019, George and Martha are married and file a joint tax return claiming their two children, ages 10 and 8 as dependents. Ass
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Answer:

The answer is option (b)$4,000

Explanation:

Solution

Given that:

Now

The income of George and Martha is =$119.650

For year 2019 child tax credit is $2,000 per dependent child subject to a minimum income of $2,500.

The Income limit for Married Jointly Filed is= $400,000.

Thus

They are eligible for $2,000 tax credit per child.

So,

Tax Credit = $2,000 * 2

= $4,000

Note: The AGI limit phaseout begins at $400000 for joint tax filers

8 0
3 years ago
Which activity might require you to provide your social security number? A)Starting a new job. B)Boarding an airplane. C)Buying
natka813 [3]

You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.

A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.

<h2>Further Explanation</h2>

The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.

If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.

This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.

However, you will be required to provide your social security number in the following scenarios:

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LEARN MORE:

  • Which activity might require you to provide your social security number  brainly.com/question/9197489
  • Which activity might require you to provide your social security number?  brainly.com/question/3852479

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3 0
3 years ago
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Answer:

Debit Accounts Receivable, credit Allowance for Doubtful Accounts.

Explanation:

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The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.

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