Answer:
       Journal Entry for establishing a Petty cash fund
Date      Particulars     Debit      Credit
Jan 1      Petty cash A/c     $270  
                     To Cash A/c                  $270
             (Being Petty cash fund established)
Journal Entry for reimbursement of petty cash
Date      Particulars             Debit      Credit
Jan 8     Postage A/c                  $36  
              Transportation A/c        $13  
              Delivery Expense A/c   $15  
              Miscellaneous Exp A/c $25  
                     To Cash A/c                           $89
             (Being reimbursement of petty cash expenses 
              incurred from petty cash fund)
Journal entry for Increasing the limit of Petty cash fund
Date      Particulars             Debit      Credit
Jan 8     Petty Cash A/c             $50  
                    To Cash A/c                             $50
         (Being Petty cash fund limit extended to $320 i.e., we have
           to add $50 to existing fund in order to make it $ 320.)
 
        
             
        
        
        
The best answer is B) Scarcity
Scarcity refers to the fact that we do not have an unlimited amount of resources with which to obtain the things we want. In this case, students have various obligations and desires, such as working, relaxing, and doing homework, but a scarcity of time with which to do these things. 
        
             
        
        
        
Answer:
Hilary's adjusted basis at the end of the year $0
Explanation:
Hillary's base in general business income and tax-free income grows and then deducts
. He understood the cash flow from his original cash disbursement and partnership debt reduction.  Hillary must report a capital gain of $ 12,000 on a zero interest basis in her partnership interest, since his actual and perceived cash distribution exceeds his base after raising it through a positive adjustment for the year.
$10,000 + $5,000 - $3,000 - $10,000 - $2,000  = 0 
 
        
             
        
        
        
Answer: $670
Explanation:
Since the quoted price of $.35, the cost to purchase two WXO 30 call option will be: = $0.35 × 2 = $0.70
Then, the price of RADM 30 call option contract will be calculated as;
= $33.7 - $30 
= $3.70
The net gain on one RADM 30 call option will then be:
= $3.70 - $0.35 
= $3.35. 
Therefore, the net gain on 2 RADM30 call options will be:
= $3.35 × 2
= $6.70
Since there are 100 shares in a option contract, the gain will be:
= $6.70 × 100
= $670