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Ket [755]
3 years ago
14

Expenses are recognized Multiple Choice when a petty cash account is established. when an employee is reimbursed for expenses in

curred on behalf of the business. when cash is collected from a customer. when the petty cash fund is replenished.
Business
2 answers:
saveliy_v [14]3 years ago
6 0

Answer: when the petty cash fund is replenished.

Explanation: it is convenient for every business to have small amounts of cash available for payment of items—expenses that are too small to merit a check. As a result businesses establish a petty cash fund to permit these cash disbursements. An advantage of the petty cash fund is that at the time of payments, no journal entry is required which avoids the need for making many entries for small amounts. As such, expenses are recognized only when the fund is reimbursed or replenished (usually at the end of the accounting period) when the business makes an entry in the journal.

AleksAgata [21]3 years ago
5 0

Answer: When the petty cash fund is replenished.

Explanation: Petty cash is a small or limited amount of money usually reserved for to handle and pay for certain expenditures that are too small to require the use or issuance of cheques.

As expenses are made from the petty cash,the expended amount are replenished periodically in order to ensure that the daily required sum needed to run or manage the needs of the Organisation is met.

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Prepare a direct materials purchasing plan for January, February, and March, based on the following facts. Lana Gonzales owns a
larisa [96]

Answer:

January cost $702,200

February cost $812,200

March cost $950,400

Total Purchase cost    

Particulars                     January February  March

Purchase cost of blades $ 207,200.00 $ 227,200.00 $ 230,400.00

Purchase cost of motor $ 495,000.00 $ 585,000.00 $ 720,000.00

                                        $ 702,200.00 $ 812,200.00 $ 950,400.00

 

Explanation:

R.M budget - blades    

Particulars  January February March April

Planned production  11000 13000 16000 12000

Blades req. per unit  4          4                 4                      4

Material req. for prod. 44000 52000 64000 48000

Add: Desired ending inventory 20800 25600 19200 0

Less: Beginning inventory  13000 20800 25600

Net units of blades req. 51800 56800 57600

Cost per blade  $             4.00 $             4.00 $             4.00

Purchase cost of blades $ 207,200.00 $ 227,200.00 $ 230,400.00

R.M budget - motor    

Particulars  January February March April

Planned production  11000 13000 16000 12000

Motor req. per unit  1 1 1 1

Material req. for prod. 11000 13000 16000 12000

Cost per motor  $           45.00 $           45.00 $           45.00

Purchase cost of motor $ 495,000.00 $ 585,000.00 $ 720,000.00

6 0
3 years ago
There are three consecutive steps in a customer service process. The first two steps are each capable of serving 25 customers pe
MakcuM [25]

Answer:

If the first two steps are run at full​ capacity, then the third step has a waiting line.

Explanation:

Waiting line is defined as a line of people or vehicles waiting for something. Hence, if the first two step runs in a full capacity been able to serve 25 customers per hour. Meaning for each hour 50 customers will be attended to by the two, then the third will surely be on a waiting line.

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3 years ago
A shipment of frozen fish arrives at your food establishment. you see that the outside bottoms of the shipping cartons have too
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<span>Excess browning at the edges, ice formation at the bottoms of the containers, and are indicators of thawing and refreezing. While in standard at-home practice of refreezing thawed fish is acceptable, it is not during shipping because it is impossible to tell how long the fish were kept out of a cold environment and may transmit disease (plus, visible damage to the fish decreases salability).</span>
8 0
3 years ago
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Mettel Products sells 100,000 flash drives annually to industrial distributors who resell the drives to business customers for $
Cerrena [4.2K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Mettel Products sells 100,000 flash drives annually to industrial distributors who resell the drives to business customers for $40 each. The distributors’ margins are 25%. Mettel Products’ cost of goods sold is $10.00 each. Mettel’s total variable costs (including selling costs) are $15.00 per drive.

Selling price= 40/1.25= $32

A) Gross margin= 32 - 15= 17

%= 53%

B) Mettel is considering increasing its annual advertising spending from $75,000 to $150,000.

Break-even point= fixed costs/ contribution margin

Break-even points= 150,000/17= 8,824 units

C) Break-even points= 75,000/14= 5,357 units

7 0
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Answer:

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8 0
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