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Trava [24]
3 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]3 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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Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of
Elena-2011 [213]

Answer:

20%

Explanation:

Gross profit is the net of sales and cost of sales. Gross Profit percentage is the ratio of gross profit to sales expressed as percentage.

Product Units Produced Final Sales Value per Unit Separate Costs

   A             10,000                    $25                                  $125,000

   B             15,000                    $30                                  $250,000

   C            <u> 12,500 </u>                  <u> $24 </u>                                <u> $125,000</u>

Total           37,500                                                            $500,000

Sales Value

A (10,000 x $25)      $250,000

B (15,000 x $30)      $450,000

C (12,500 x $24)      <u>$300,000</u>

Total Sales Value                       $1,000,000

Less

Joint Cost                                  ($300,000)

Separable cost                         <u>($500,000)</u>

Gross Profit                               $200,000

Gross Profit Percentage = ( $200,000 / $1,000,000 ) x 100 = 20%

8 0
3 years ago
How many inches are there in a football field (100 yards)? 1 yard = 3 feet; 1 foot = 12 inches
crimeas [40]

4320 .  this prob would have been answered faster under the mathmatics topic


8 0
3 years ago
The purpose of a Chamber of Commerce is to foster a healthy business climate for all of the businesses in the community. Develop
forsale [732]

Answer:  

Guidelines to consider include:

1. Planning

2. Deciding which social media platform is best for your business.

3. Knowing your audience

4. Expanding  audience

5. Building relationships

6. Focusing on quality over quantity

7. Using the right tools

Explanation:

Social media is one of the ways to connect with a large number of individuals to boost business and sales.

Firstly, Planning is very vital in whatever we are doing. Without a plan, the organization has no clear goal of what they are trying to archive. The organisation should create a social media plan upfront.

Secondly, The local business should decide which social media platform is best for them.

Furthermore, the business should know and understand who their audience is by compiling data on current customers and social media analytics.

Afterwards, The organization should expand their audience since they have gotten a clear picture of who their audience is.

It is also very important for the business to focus on quality instead of quantity when creating content so as to offer value.

Finally, the organization should take advantage of tools to simplify work and boost productivity.

4 0
3 years ago
The_________for a soft drink manufacturer would include other manufacturers of soft drinks, fruit juices, bottled water, sports
AlladinOne [14]

Answer:

The answer is A

Explanation:

Competitive environment is an environment where competitors compete with one another for customers.

For example, Westpac, NAB, Commonwealth Bank and ANZ are in the same competitive environment. These are banks in Australia.

Types of competition are perfect competition, monopoly, monopolistic competition, oligopoly etc.

8 0
3 years ago
Vino Tinto Inc. sells a variety of wines but specializes in selling premium red wine. If the company enters into an agreement wi
Ne4ueva [31]

If the company enters into an agreement with a winery in Spain to purchase all the red wine the winery produces, this would be a: output contract

<h3><u>Explanation:</u></h3>

An output contract is an arbitration where one party consents to acquire the complete product that the other party accumulates. Thus, the consumer will obtain all the 'output' the trader executes.

Output contracts can be valuable to consumers when there is conjecture about market supply or demand for a distinct good. Output contracts attend the sale of goods, these sorts of contracts are directed by the Uniform Commercial Code. In the fact of output contracts, the U.C.C. claims that both parties to the contract act in real faith.

7 0
3 years ago
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