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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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an apartment building that sold for $780,000 had a monthly gross income of $8,000. what is its monthly gross rent multiplier?
notka56 [123]

97.5

$780,000 ÷ $8,000 = 97.5 GRM

GRM means the Grievance Redress Mechanism prepared as could also be agreed between the Parties for the aim of resolving gross rent social issues or grievances arising out of or in reference to the Project Framework Documents.

In order to work out the gross rent multiplier, you'd divide the value of the property by its gross income. As an example, if a property is selling for $5,000,000 and it produces a Gross income of $820,000, the GRM would be $5,000,000 divided by $820,000 which ends during a value of 6.09.

Global Response Management (GRM) may be a veteran-led international medical NGO registered within the u. s. as a 501(c)(3) organization. A "good" GRM depends heavily on the kind of rental market within which your property exists.

A percent defined because the monthly expected rent for a property divided by terms of the property. The lower the rent to value ratio, the higher an investment. A perfect rent to value ratio is 0.7%, and 1% or higher is great.

learn more about gross rent: brainly.com/question/14421244

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5 0
2 years ago
Japan's remarkable recovery in the​ twenty-five years following World War II was a result of which of the following​ activities?
USPshnik [31]
After the thrashing of Japan in World War II, the United States drove the Allies in the occupation and recovery of the Japanese state. In the vicinity of 1945 and 1952, the U.S. possessing strengths, drove by General Douglas A. MacArthur, sanctioned across the board military, political, monetary, and social changes.
8 0
3 years ago
A company incurs $4,050,000 of overhead each year in three departments: Ordering and Receiving, Mixing, and Testing. The company
MrRa [10]

Answer:

c) $2,760,000

Explanation:

Computation of the amount of overhead assigned to Slime.

First step

Ordering and Receiving=Cost/Expected use of Driver×Additional Expected use of Driver

$1,200,000/2,000×1,600

=600×1,600

=$960,000

Mixing= Cost/Expected use of Driver×Additional Expected use of Driver

=1,500,000/50,000×30,000

=30×30,000

=$900,000

Testing=Cost/Expected use of Driver×Additional Expected use of Driver

= 1,350,000/1,500×1,000

=900×1,000

=$900,000

Second step

Addition of the total of :

Ordering and Receiving $960,000

Mixing $900,000

Testing $900,000

=$2,760,000

Therefore the amount of overhead assigned to Slime will be $2,760,000

4 0
3 years ago
What will happen in the artichoke market now if buyers expect higher artichoke prices in the near future?
Lelu [443]

Answer:

D. The demand for artichokes will increase.

Explanation:

Demand is the willingness of a consumer to pay for the goods and services so purchase.

One of the major determinants of demand is expectation of change of price in the future. Others are price of related goods, income of consumers, tast and preference, and expectation of change of price in future.

When consumers speculate increase in price of certain commodity, then there would be increase in demand for such commodity now.

It therefore follows that consumers tends to follow market trend in terms of demand. They would demand for certain commodity in anticipation of price increase thereby leading to scarcity of such commodity in the market.

4 0
3 years ago
Read 2 more answers
What is straight ticket?
allsm [11]
A Straight Ticket is a ballot on which all votes have been cast for candidates of the same party.
3 0
3 years ago
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