Answer:
1-May
Dr Petty cash 350
Cr Cash 350
15-May
Dr Janitorial services 109.20
Dr Miscellaneous 89.15
Dr Postage expense 60.90
Dr Advertisement expense 80.01
Cr Cash over and short 16.1
Cr Cash 323.16
16-May
Dr Petty cash 200
Cr Cash 200
31-May
Dr Postage expense 47.05
Dr Mileage expense 38.5
Dr Delivery expense 48.58
Cr Cash 134.13
31-May
Dr Cash 50
Cr Petty cash 50
Explanation:
Kiona Co Journal entries
1-May
Dr Petty cash 350
Cr Cash 350
15-May
Dr Janitorial services 109.20
Dr Miscellaneous 89.15
Dr Postage expense 60.90
Dr Advertisment expense 80.01
Cr Cash over and short 16.1
Cr Cash 323.16
(350-26.84)
16-May
Dr Petty cash 200
Cr Cash 200
31-May
Dr Postage expense 47.05
Dr Mileage expense 38.5
Dr Delivery expense 48.58
Cr Cash 134.13
31-May
Dr Cash 50
Cr Petty cash 50
Answer:
B. Capital Rationing
Explanation:
Capital rationing is a technique used by organizations and companies whereby restrictions are placed on the projects that the organization or company can undertake or limitations on the capital that can be invested by the organization or company. This limitations are placed because the organization or company aim is directed at choosing only the most profitable investment for capital investment decision or carrying out only the most profitable projects. It involves choosing amongst alternative investment.
Answer: Intellectual Capital
Explanation:
The value of a company that involves employee knowledge, skills,product development, etc which can provide a company competitive advantage over competitors is called Intellectual Capital and it is divided into
Human capital ----This involves employees, their knowledge, or know how and experience, which is an asset as it provides vital information towards contributing to the capital of the organization. A organization that retains talented employees ie with a lower employee turnover rate, shows its company has a high intellectual capital rate.
Other Intellectual Capital Involves Relational capital--- the relationship of a company withs its employees, customers, partners , stakeholders etc.
and Structural capital---which involves a company's unique process, policies, culture, mission and value statement, work structure etc.
Trade allows you to acquire things you may otherwise not be able to produce yourself. Since you can buy from others who specialize in production of specific things you get superior quality.
Answer: 3.4
Explanation:
The Quick ratio is calculated by Dividing Quick Assets by the current Liabilities.
Quick Assets are current assets that are either cash or cash equivalents.
That includes Account Payables, Cash and Marketable securities.
Adding them up,
= 60,000 + 30,000 + 30,000
= $120,000
The Current Liabilities are,
= Accounts Payable + Accrued Liability.
= 30,000 + 5,000
= $35,000
Quick Ratio = Quick Assets / Current Liabilities
Quick ratio= 120,000/ 35,000
Quick Ratio = 3.43
Quick Ratio is 3.4.