Answer and Explanation:
The journal entries are as follows:
1. Petty cash A/c Dr $150
To Cash A/c $150
(Being the establishment of petty cash is recorded)
2.
Entertainment expenses A/c Dr $70
Postage expense A/c Dr $30
Printing A/c Dr $22
To Petty cash A/c $122
(Being the reimbursement of petty cash fund is recorded)
Answer: (A) Event marketing
Explanation:
The event marketing is one of the business promotional strategy in which the various types of brands, products and the services are get promoted in the market so that the customers or users are get aware about the specific brand and the new products.
According to the given question, the Event marketing is one of the type of strategy that best illustrating the given scenario about a non profit organization is conduct a food fair and the collected fair is basically contributed for the charity purpose.
On the other hand, along with charity the various types of restaurants distribute their pamphlets and promote their restaurants business in the event. Therefore, Option (A) is correct answer.
Answer:
$1,194
Explanation:
The buying price of the shares was $12,780
The selling price was $7 dollars for each.
The total amount realized is 2000 share x $ 7
=$14,000
The commission paid is $26
Net amount obtained is $14,000 -$26
=$13,974
Profit will be $13,974 -$12,780
=$1,194
Answer:
The expected return of the portfolio is 12.8%
Explanation:
A portfolio is invested 22% on stock G, 50% on stock J and 28% on stock K.
The expected return on stock G is 7%, on stock J is 13% and on stock K is 17%.
Weighted return on stock G
= 0.22*7%
=1.54%
Weighted return on stock J
=0.50*13%
=6.5%
Weighted return on stock K
=0.28*17%
=4.76%
The expected return on the portfolio
=Weighted return on stock G+Weighted return on stock J+Weighted return on stock K
=(1.54+6.5+4.76)%
=12.8%
