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BigorU [14]
4 years ago
11

Silver Co. has a $400 petty cash fund. At the end of the first month the accumulated receipts represent $63 for delivery expense

s, $207 for merchandise inventory, and $32 for miscellaneous expenses. The fund has a balance of $98. The journal entry to record the reimbursement of the account includes a:
Business
1 answer:
lutik1710 [3]4 years ago
3 0

Answer:

Credit to cash for $302

Explanation:

Account Titles and Explanation                        Debit       Credit

Delivery expenses                                               $63

Miscellaneous inventory                                      $207

Miscellaneous expense                                       $32

Cash                                                                                   $302

(To record petty cash reimbursement)

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__8. A local government has a limited
galina1969 [7]

Answer:

Benefits enjoyed by not having trash in unused building and vacant plots

Explanation:

Opportunity cost is the foregone benefit by deciding in favor of one item over the others. It is the value of the forfeited option. Opportunity cost is quantified as the cost of the next best alternative.

The local government has two options; to support local businesses or two remove trash from buildings. It has opted to support local businesses. Removing trash is the foregone benefit. The joy of having trash-free buildings and plots is the forfeited advantage. The value of a clean surrounding or the benefits derived by not having trash in the neighborhood is the opportunity cost.

3 0
3 years ago
How to choose a business name<br>​
LiRa [457]

1. Be descriptive but not too general or vague. Don't choose a name that is too vague or too meaningful.

2. Use related words in a creative way.

3. Keep it simple.

4. Don't copy your competitors.

5. Avoid using your own name.

6. Choose a name that's scalable.

7. Make sure you have a related domain.
4 0
4 years ago
Read 2 more answers
True/False
lorasvet [3.4K]

Answer:

False

Explanation:

Internal search is when a consumer search for the alternatives from the prior knowledge or memory about the category of service or the product.

Internal search is usually done when the low involvements are to be considered.

External search is when a  consumer search for the alternatives from the friends or specialized sources like reports or available analytics or from the

These are done when there is high involvement of capital or resources

hence,

Advertising creates an impact in a way that it stores some visual or impression of the product in the mind of consumer i.e an impression while making choices in internal search

6 0
3 years ago
A worker sets up to begin a painting job. He lays down a drop cloth and makes sure that the floor is even so that the ladder is
rodikova [14]

Answer:

You should never use the top of a ladder as a step. The employer should correct the worker’s behavior and ensure he knows the proper way to use a ladder.

Explanation:

He is standing at the top. He is not suppose to and OSHA does not approve this.

7 0
4 years ago
Lycan, Inc., has 7.9 percent coupon bonds on the market that have 6 years left to maturity. The bonds make annual payments and h
eimsori [14]

Answer:

$912.68

Explanation:

Particulars                      Time  PVF at 9.9%   Amount   Present Value

Cash Flows (Interest) 1.00        0.9099       79.00             71.88

Cash Flows (Interest)    2.00        0.8280       79.00             65.41

Cash Flows (Interest)    3.00        0.7534        79.00             59.52

Cash Flows (Interest)    4.00        0.6855        79.00            54.15

Cash Flows (Interest)    5.00        0.6238        79.00            49.28

Cash Flows (Interest)    6.00        0.5676        79.00            44.84

Cash flows (Maturity)    6.00        0.5676      1,000.00         <u>567.60</u>

Intrinsic Value of Bond or Current Bond Price                  $<u>912.68</u>

Thus, the Current bond price is $912.68

5 0
3 years ago
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