A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:
d. Cash for $180
Explanation: As observed above the petty cash receipts are falling short of $3, But that will be adjusted with expenses as its a small amount and balance of $200 needs to be maintained in the petty cash.
The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.
<h3>What is the cost?</h3>
A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.
Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.
Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.
As a result, opportunity cost describes a decision we must make in order to make another one.
You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.
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The category that does not belong to the periodic evaluation is Change Analysis.
Option D is the correct answer.
<h3>What is a periodic evaluation?</h3>
Periodic evaluation is a technique that is totally developmental in nature and disregards the formal advice relating to tenure, retention, or promotion of employees.
Periodic evaluation has three broad categories namely, hazard analysis, safety, and health-related inspections, and evaluation relating to personal protective equipment (PPE).
Therefore, out of the provided options, Change analysis is not considered a category for periodic evaluation.
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Answer:
correct option is a) $182,000
Explanation:
given data
federal expenditure = $1,000,000
advanced the city = $600,000
city incurred qualifying expenditures = $418,000
solution
we get here Ruth recognize as unearned revenue for its fiscal year ending that is express as
Amount to be recognized unearned revenue = advanced the city - city incurred qualifying expenditures .......................1
put here value
Amount to be recognized unearned revenue = $600,000-$418,000
Amount to be recognized unearned revenue = $182,000
so correct option is a) $182,000
