Answer and Explanation:
The journal entries are shown below:
On Apr 2
Petty cash $290
To Cash $290
(Being the establishment of the petty cash fund is recorded)
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
On Apr 10
Mail & Postage $62
Contributions and Donations $33
Meals & entertainment $114
Cash Short and Over $4 ($290 - $62 - $33 - $114 - $77)
To Cash $213
(Being the replenishment of the fund is recorded)
For recording this, we debited the mail & postage, contributions & donations, meals & entertainment as it increased the expenses and credited the cash as it reduced the assets and the balancing figure is debited to cash short and over
On Apr 11
Petty Cash $140 ($430 - $290)
To Cash $75
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
Answer:
-The hability to express an idea.
-The hability to make the necessary changes
-The hability of having new and non repited ideas.
Explanation:
One method of evaluating the creativity of a team´s ideas is looking at the fluency, flexibility and originality of the ideas. Fluency refers to the hability to express an idea in certain language or aspect: flexibility refers to the hability of making the necessary changes when are needed; originality refers tothe hability of creating new content and ideas that are non repeated.
Answer:
$5,000 increase
Explanation:
Data provided as per the question is below:-
Contribution margin = $50
Increase units = 100
The computation of profit is shown below:-
Model 24 Sales Increase By 100 units
Profit will increase = Contribution margin × Increase units
= $50 × 100 units
= $5,000 increase
Therefore for computing the profit increase we simply multiply the contribution margin with increase units.