Answer:
The debit to Cash Short & Over amounts to $6
Explanation:
The debit to Cash Short & Over is computed as:
Debit to Cash Short & Over = Petty cash fund - Cash - Miscellaneous cash receipt - Additional cash receipts
where
Petty cash fund amounts to $210
Cash amounts to $17
Miscellaneous cash amounts to $4
Additional cash receipts amounts to $183
So, putting the values above:
Debit to Cash Short & Over = $210 - $17 - $4 - $183
Debit to Cash Short & Over = $6
Therefore, the Debit to Cash Short & Over amounts to $6
NOTE: Here in the options correct options is missing.
Answer:
To minimise cost, the firm should lay off worker and rent more computer as it give more output per dollar invested on it. This reduce the fixed cost of the company drastically and increase the production of the company. The marginal cost of production and marginal revenue are economic parameter, which help to determine the amount of output and price per unit of input that will maximise the profits. The point at which marginal revenue is equal to marginal cost maximise the profit.
Answer:
The 99% confidence interval for the proportion of students who attend summer school is (0.306, 0.44)
Explanation:
Let the proportion of students who will return be:
p = 120/320 = 0.375
q = 1 - p = 1 - 0.375 = 0.625
The sample size, n = 32
0
The Z value for a 99% confidence interval is: 2.576
The confidence intervale is given by:
0.375 ± 2.576 * √(0.375*0.625)/320
0.375 ± 2.576 * 0.027
0.375 ± 0.069
UPPER limit 0.44
LOWER limit 0.306
Answer:
b. receive and process bids for Treasury securities in preparation for the Treasury's auction of securities.
Explanation:
The Fed and their regional banks are authorized by the Federal Reserve Act of 1913 to act as fiscal agents if the Secretary of the Treasury requires them to do so. Theoretically, this shouldn't be a normal activity, it should only happen on demand of the Secretary of the Treasury.