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guajiro [1.7K]
3 years ago
6

The following was paid out of the Petty Cash account: $200 for Office Supplies $100 for Delivery Expense $300 is needed to reple

nish the Petty Cash back to the original balance. The journal entry to record the replenishing of Petty Cash would be:

Business
1 answer:
SCORPION-xisa [38]3 years ago
5 0

Answer:

Petty cash refers to a certain amount, which is kept by the company to spend it on small items related to the business.

Explanation:

The Journal entry is given below:

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Capital gains, supply and demand, taxes, and locations (sometimes)
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At the beginning of the month, the baking department of Mario Company had no beginning work in process inventory. At the end of
Phantasy [73]

Answer:

600 Units

Explanation:

Given:

Opening balance of inventory = 0 units

Ending balance of the month = 800 units

Finished units during the month = 1,200 units

Completed work in progress = 75% = 0.75

Ending work in process inventory = ?

Computation of ending work in process inventory:

Ending work in process inventory = Ending balance of the month × Completed work in progress

= 800 × 0.75

= 600 units

6 0
3 years ago
Software Sales Supply is expected to pay its first annual dividend of $1.10 per share in Year 3. Starting in Year 6, the company
Andru [333]

Explanation:

Let the dividend paid in Year n be Dn

Given, D3 = $1.10

D4 = $1.10

D5 = $1.10

Growth in dividend from Year 6 = g = 3.2%

D6 = D5(1+g) = 1.10(1+0.032) = $1.135

Required Return = r = 13.1%

According to Gordon's Growth model,

P5 = D6/(r - g) = 1.135/(0.131 - 0.032) = $11.464

Present Value of the stock = P0 = D3/(1+r)3 + D4/(1+r)4 + D5/(1+r)5 + P5/(1+r)5

= 1.10/(1+0.131)3 + 1.10/(1+0.131)4 + 1.10/(1+0.131)5 + 11.464/(1+0.131)5

= <u>$8.22</u>

8 0
3 years ago
At the end of the week, Carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings
r-ruslan [8.4K]

Answer:

The answer is an intermediary between the saver and the borrower

Explanation:

In this example, the bank is acting as an intermediary between the saver and the borrower.

7 0
3 years ago
A company works on three jobs and incurs the following: Direct materials - $50,000 and Direct labor - $100,000. The company uses
Sveta_85 [38]

Answer:

$60,000

Explanation:

The amount of overheads which shall be allocated to the three projects shall be determined using the following mentioned formula:

Overhead amount=overhead rate* direct labor costs

In the given question

overhead rate=60%

direct labor costs=$100,000

Overhead amount=60%*100,000

                              =$60,000

8 0
3 years ago
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