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Trava [24]
4 years ago
13

A petty cash fund of $100 is replenished when the fund contains $14 in cash and receipts for $94. The entry to replenish the fun

d would A. credit Cash Over and Short for $2. B. credit Miscellaneous Revenue for $2. C. debit Cash Over and Short for $2. D. credit Cash Over and Short for $8.
Business
1 answer:
blondinia [14]4 years ago
7 0

Answer:

C.​ Debit to Cash Over and Short for $2.

Explanation:

The term cash over and short refers to an expense account that is used to report overages and shortages to an imprest account such as petty cash. The cash over and short account is used to record the difference between the expected cash balance and the actual cash balance in the imprest account.

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The par value of a stock:
SCORPION-xisa [38]

Answer:

A) is used to determine minimum legal capital balances at issuance

Explanation:

The par value of stock represents the minimum amount that must be paid per share. Par value is also referred as the Face Value or Nominal Value of common stock.  The Par Value of common stock is  derived by Par value per share * No. of Issued Shares.

8 0
3 years ago
A company has a beginning retained earnings balance of $100,000. It has net income for the current year of $50,000 and paid $10,
Brut [27]

Answer:

The ending balance of retained earnings for the company $ 140.000

Explanation:

Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.

4 0
3 years ago
Goods and services that cannot be readily provided by markets, such as national security and education, and are called
dexar [7]

Goods and services that cannot be readily provided by markets, such as national security and education, are called Public Goods.

<h3>What are Public Goods?</h3>
  • Products and services that cannot easily be obtained through markets, either because they are too expensive for a single person to purchase or because everyone else would utilize them for free if one person did.
  • A good must be both non-excludable and non-rival in order to be categorized as a public good.
  • If the provider of the good cannot stop individuals who don't pay from using or consuming it, the good is nonexcludable.
  • If the consumption of one person does not prevent the consumption of any other person, the good is nonrival.
  • A prime example of a public good is national security. We all take advantage of this government service without giving it much attention.

To learn more about Public goods refer to:

brainly.com/question/14664702

#SPJ4

4 0
2 years ago
What will happen to bond prices if terrorism ended and the world’s nations unilaterally disarmed and adopted free trade policies
Alexandra [31]

If terrorism ended and the world’s nations unilaterally disarmed and adopted free trade policies, Bond prices would drop rapidly which means there would be no more wars. Bond prices would fall straight down at high speed. If there were no more wars, the Government wouldn't need to buy weapons, then it wouldn't need to sell bonds to raise the money to pay for them. Thus, the value of bonds would diminish.

6 0
3 years ago
Ivan Knobel holds a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. He is in the process of
-Dominant- [34]

Answer:

Exptected return = 11.2%

Beta = 1.23  

Explanation:

The post-purchase expected return of the portfolio is the weighted average return of Syngine stock and pre-purchase return of the portfolio, calculated as below:

Post-purchase portfolio return = (Market value of Synhine stock purchase/Total market value of post-purchase portfolio)x Syngine stock return + (Market value of pre-purchase porfolio/Total market value of post-purchase portfolio) x Pre-purchase return

= [(1,000 x 10)/(1,000 x 10 + 90,000)] x 13% +  [(90,000)/(1,000 x 10 + 90,000)] x 11% = 11.2%

Using the same concept, beta of the post-purchase is calculated as below:

Post-purchase portfolio beta = [(1,000 x 10)/(1,000 x 10 + 90,000)] x 1.5 +  [(90,000)/(1,000 x 10 + 90,000)] x 1.2 = 1.23

8 0
3 years ago
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