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gizmo_the_mogwai [7]
3 years ago
13

At the time the $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $350 and petty cash

of $50. The vouchers include: postage, $100; business lunches, $150; delivery fees, $75; and office supplies, $25. Which of the following is not recorded when replenishing the petty cash fund?
A. Debit postage expense, $100.
B. Debit office supplies, $25.
C. Credit cash, $350.
D. Debit petty cash, $350.
Business
1 answer:
snow_tiger [21]3 years ago
7 0

Answer:

D) Debit petty cash, $350.

Explanation:

You must journalize all the expenditures as follows:

Dr Postage Expense account 100

Dr Business Lunches Expense account 150

Dr Delivery Fees Expense account 75

Dr Office Supplies Expense account 25

        Cr Petty Cash account 350

Petty cash is not an expense, so it should not be debited.

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A group of brands that results from an information search that a buyer can choose among is referred to as the buyer’s __________
Gennadij [26K]

Answer:

The correct answer is "evoked set"

Explanation:

An evoked set is a term that refers to the capacity of a customer to choose a specific brand because the customer reminds a product of a previous marketing campaign that takes effect on him.  

The essence of marketing campaigns is to establish their business brand firmly on the market.  

Example: When a person purchases a specif brand because it appeared on the tv, radio, newspaper... Sometimes the customer doesn't know why he chose this brand, just know that he likes it.  (Probably for a marketing campaign)

3 0
3 years ago
Employees whose values match the values of the organization they work for generally ________________ than employees whose values
Sholpan [36]

Answer:

Employees whose values match the values of the organization they work for generally SHOW MORE COMMITMENT TO THEIR JOBS than employees whose values don't match the organization.

Explanation:

Workplace values are the guiding principles that are most integral to the way a company works. Simply put, company's values, and the culture they create can spell the difference between success and failure.

The way people behave is deeply rooted in their values, when employees share their company's values, they make more informed decisions and are more committed to their jobs.

Sharing same values with the organization one works with increases the rate of productivity as one tends to be more motivated and dedicated to the job.

Therefore, the answer that best suits the question is that employees whose values match the values of the organization SHOW MORE COMMITMENT TO THEIR JOBS than employees whose values don't match the organization.

6 0
2 years ago
What is the difference between a sole proprietorship and an LLC?
kotegsom [21]

Sole proprietorship is owned by one person. Why LLC is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation

7 0
3 years ago
Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan?Se
Kaylis [27]

ANSWER: C. lien

EXPLANATION: Lien provides the right to a lender to sell off the collateral to get back the principal if the borrower fails to repay. Lien is a conditional right of ownership to the lendor which bars the debtor to sell off the collateral without paying the lendor.

6 0
2 years ago
Read 2 more answers
Target Costing Portland Equipment Company wants to develop a new log-splitting machine for rural homeowners. Market research has
sergiy2304 [10]

Answer:S 610

Explanation:

To get a return of 10% of sales price is to have a profit of S85 which is 10% of S850.

Handling cost per unit S6000/6000 unit=S1

Other handling cost per unit S59

Raw materials per unit=S95

Target conversations and administrative cost is

850-X-60-95=85

850-X-155=85

-X=85+155-850

-X=-610

X=610

7 0
2 years ago
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