If Petty Cash is not replenished at the end of the accounting period:
- the balance sheet would show an overstated cash asset.
- expenses would not be recorded in the period in which they were incurred.
- the income statement would reflect a net income amount that was too high.
<h3>What happens when petty cash is not replenished?</h3><h3 />
Because the cash that was meant to go to the petty cash was not taken from the cash account, this account will have more than it should (overstated).
The expenses which were incurred and recorded in the petty cash would not be accounted for which means that the income would be overstated as these expenses were not deducted from it.
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Answer:
The correct answer is c) neural network .
Explanation:
Neural networks (also known as connectionist systems) are a computational model vaguely inspired by the behavior observed in their biological counterpart. It consists of a set of units, called artificial neurons, connected to each other to transmit signals. The input information crosses the neural network (where it undergoes various operations) producing output values.
Each neuron is connected to others through links. In these links the output value of the previous neuron is multiplied by a weight value. These weights in the bonds can increase or inhibit the activation state of adjacent neurons. Similarly, at the exit of the neuron, there may be a limiting function or threshold, which modifies the result value or imposes a limit that must be exceeded before spreading to another neuron. This function is known as the activation function. Artificial neural networks (also known as connectionist systems) are a computational model vaguely inspired by the behavior observed in their biological counterpart. It consists of a set of units, called artificial neurons, connected to each other to transmit signals. The input information crosses the neural network (where it undergoes various operations) producing output values.
Answer:
Indirect taxes
Explanation:
Indirect taxes are the taxes levied on transactions as opposed to direct taxes that are imposed on incomes. An indirect tax is added to the prices of goods and services and collected by the seller or retailer. The retailer acts as the tax intermediary and submits the taxes collected to the government.
Examples of Indirect taxes include excise duty tax, value-added tax, and sales tax. Gas attracts sales tax and road maintenance tax. These taxes increase the price of gas, making them indirect taxes.
Answer:
An annuity that pays $1,000 at the beginning of each year
PTM of the annuity selling for 2,541.15 $ 437.50
Present value of the Jackpot: $62,063,701
Explanation:
Because is at the beginning, the 1,000 will be generating interest right away.
So even the 500 at the beginning will have a slightly higher rate, it cwon't compensate the 1,000 upfront.
Answer:
60%
Explanation:
To calculate the percentage assigned to cost of goods sold
, we should use the formula:
= 60%
Therefore, the percentage assigned to Cost of goods sold is 60%
