Answer: Please see explanation for answers
Explanation:
Journal to record establishment of fund
Date Account titles and explanation Debit Credit
Sept 9 Petty cash $350
To Cash $350
Journal to record the reimbursement of petty cash fund
Date Account titles and explanation Debit Credit
September 30 printing expenses $40
Postage expense $123
Miscellaneous expenses $80
Cash shortage - not accounted for $3
To Cash $246
Journal to show the increment of fund to $400
Date Account titles and explanation Debit Credit
October 1 Petty cash $50
To Cash $50
Calculation : ($400 - $350)=$50
Answer:
the variable cost ratio is 60 % (option d)
Explanation:
The variable cost ratio (VCR) represents the ratio of variable costs to sales. Therefore
VCR = (total variable costs)/(total sales)
since
total variable costs = variable costs * services provided = $21/hour * 12000 hours/year = $252000 /year
total sales = price of service * services provided = $35/hour * 12000 hours/year = $420000 /year
thus
VCR = ($252000 /year) / ($420000 /year) = 0.6 = 60 %
Answer:
Strategical level- It states that these type of decision making should be taken by the higher authorities of the company for example, chief executive, chief manager, president etc.
Explanation:
This is an example of the Shoe-leather effect of inflation
Explanation: Here Carols faces a lot of inconvenience in minimizing the cash holdings he has in the fear of it losing its value in the long term. So, he pays a steep fee to convert which we can call as shoe leather costs.
Answer:
The desk clerk should offer the guest the use of the lobby wireless, which the clerk knows to be problem-free, along with a discount.
Explanation: in other to maintain the guest's cluster of satisfactions, The guest clerk should make sure that things are put in place for the guest satisfaction.
