Answer and Explanation:
1. Petty cash Dr, 150
To Cash account $150
(Being establishment of the fund is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
2. Office supplies $35
Entertainment expense Dr, $110
To Cash account (balancing figure) $140
To Cash short and over $5 ($150 - $35 - $110)
Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets
3. Petty cash account $150 ($300 - $150)
To Cash account $150
(Being the increase in balance is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
Answer:
Assets:
Cash 8200 - 520 - 5243 - 820 - 620 + 9016 = 10,013
Receivables 9200 - 9200 = 0
Inventory 2200 + 5700 + 520 - 350 - 107 - 6200 + 520 - 383 = 1900
Liabilities:
Accounts Payable 5700 - 350 - 5350 = 0
Common Stock 7700 = 7700
Explanation:
Redd Company has incurred multiple transactions which will require adjustments before financial statements are prepared. These transaction will have effects on both sides of the accounts assets and liabilities. Common stock is not affected by the transactions as this is equity section.
the opportunity cost of going to a movie is: the total cash expenditure needed to go to the movie plus the value of your time.
What you forgo in order to get a thing is its opportunity cost. In this situation, the opportunity cost of attending a movie comprises both the overall cost of admission and the value of the time you forwent to see the film.
<h3>What is an example of opportunity cost?</h3>
Opportunity costs give decisions that appear simple context. Think about the price of graduate school. By adding up the price of tuition, board, books, and other educational expenses over the necessary number of years at your top-choice university, you might theoretically calculate this cost. Let's zoom in though. What other options are there? First of all, you shouldn't even think about paying for room and board because you'll need to do so regardless of whether you go graduate school (unless you're moving back into your mother's basement). Additionally, by choosing to go graduate school, you forgo the money you would have earned had you chosen to start working after receiving your bachelor's degree.
To learn more about opportunity cost from given link
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Answer:
$12,112.048
Explanation:
As for the information provided:
Lease payment amount = $3,000 each.
Period of lease = 5 years
Date of payment = 1 January each year
Rate of discount = 12%
Since first payment is made today the present value factor will be 1
Thereafter the present value cumulative discount factor for other four years @ 12% = 3.037
Now net cumulative factor for all the years included the present payment to be made today = 3.037 + 1 = 4.037
Therefore, present value of all the lease payments today = $3,000 
4.037 = $12,112.048
Note: Present value discount factor shall be for 5 years as follows:
= 
Answer:
E) Focused market segmentation
Explanation:
A focused market segmentation segments the market based on very specific characteristics like consumers' income, location, etc.
In this case, Lucy's Swimwear is segmenting its market on a very specific demographic characteristic which is high income consumers that like differentiated and exclusive products. Its strategy focuses on a niche segment basically.
