1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuliya22 [10]
3 years ago
13

When a petty cash fund is in use: Multiple Choice Cash is debited when funds are replenished. Petty Cash is credited when funds

are replenished. Expenses paid with petty cash are recorded when the fund is replenished. Petty Cash is debited when funds are replenished. Expenses are not recorded.
Business
1 answer:
Elena-2011 [213]3 years ago
5 0

Answer:

The correct answer is letter "C": Expenses paid with petty cash are recorded when the fund is replenished.

Explanation:

Petty cash funds are amounts of money companies have handy to take care of small payments. Those payments are too small that do not require a check to be written for their payment. In some companies, each department manages its own petty cash box for expenditures such as unitary office supplies.

<em>For accounting purposes, the transactions incurred with petty cash are recorded only when the petty cash was used in full and a new fund is to be provided.</em>

You might be interested in
What is the best organization pattern for an informative speech on how to build a first-class personal computer for less than ha
laiz [17]

Answer:

The correct answer is chronological division.

Explanation:

A chronological order is an order established based on a temporal sequence. The expression is often used to account for real historical events or fictional narratives where events are presented in a virtual temporal order. In an order of this caliber, different facts are expected to be presented in a serial relationship where time divided into past, present and future is the determining factor. For the human mind, the use of a chronological order is important to establish causal relationships, to make phenomena discernible and understandable; indeed, presenting situations in a disorderly manner would make a story a chaotic succession difficult to understand.

8 0
3 years ago
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, in- ternational tensions, and loss of confide
dsp73

Answer:

The answer is: b

Explanation:

In long-run equilibrium, the long run aggregate demand curve and aggregate supply curve intersect where the marginal revenue (revenue derived from selling an additional unit) and marginal cost (cost incurred from producing) an additional unit) are equal.  In the long-run equilibrium, this intersection occurs at the lowest point of the long-run average total cost curve (curve depicting the average cost per unit of production).

Holding all else constant, short run changes in the economy would not change the potential output levels. The long-run aggregate supply curve would remain fixed at the potential level of output. However, these changes: international tensions, corporate scandals and loss of confidence in policymakers would cause shifts in the aggregate demand curve since demand would be adversely affected.

Consumer confidence is the perspective or outlook that consumers have on the state of the economy. The destabilising factors given in this scenario would raise the levels of uncertainty and perceived risk, reducing the confidence levels of consumers and ultimately resulting in reduced demand. In long-run equilibrium, when demand is reduced, it is indicated by a leftward shift in the aggregate demand curve.

7 0
3 years ago
The manager of a major retail store has taken a random sample of 25 customers. The average sale was $52.50. The population stand
Anna35 [415]

Answer:P value = 1 - 0.9793 = 0.0207

Explanation:

we can use Z value and normal distribution to find P value. P value is the area of beyond the value of Z value

sample mean (x.bar) = $52.20

Population mean (U) = $50

Sample Standard deviation (Sd) =$ 6.10

sample (n) = 25

Z =\frac{(x.bar - U)}{Sd/\sqrt{n} } =\frac{52.50 - 50}{6.10/\sqrt{25} }

Z = 2.50/1.22 = 2.049280328 = 2.049

area (normal distribution table) = 0.9793

P value = 1 - 0.9793 = 0.0207

7 0
3 years ago
The following information is from the annual financial statements of Nancy Company.
lakkis [162]

Answer:

5.79 times

Explanation:

The computation of the Accounts receivable turnover ratio  

= Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($46,400 + $49,700) ÷ 2

= $48,050

And, the net credit sale is $278,000

Now put these values to the above formula  

So, the answer would be equal to  

= $278,000 ÷ $48,050

= 5.79 times

5 0
3 years ago
In the presence of producer producer rivalry the price will tend to be ___.
vodomira [7]

Answer:

The correct answer is letter "A": be driven to a lower price.

Explanation:

Typically, when there is a producer to producer competition, the competing companies tend to <em>lower </em>their product prices. This happens because of the belief consumers are mainly price driven at the moment of discriminating in choosing to buy one good over another. Though, it allows consumers to at least have a couple of sources from where to choose at a fair price.

6 0
3 years ago
Other questions:
  • Outline Maslow's theory of motivation...
    6·1 answer
  • Assume that a new project will annually generate revenues of $2 million. Cash expenses including both fixed and variable costs w
    9·1 answer
  • A client has a Cash Account at a broker-dealer and one week ago was sold out of a position for failure to make prompt payment. T
    13·1 answer
  • A(n) _____ is a network based on web technologies that allows selected outsiders, such as business partners and customers, to ac
    10·1 answer
  • 7. Explain one way to protect yourself from online or cyber predators.
    12·1 answer
  • Vandenheuvel Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appe
    8·1 answer
  • A famous quarterback just signed a contract for $18.6 million, providing $3.1 million a year for 6 years. A less famous receiver
    8·1 answer
  • A sales agent made her quota of $1 million in sales for the year. It is now December, and a $300K sale is coming up. The sales a
    11·1 answer
  • Perpetual Life Corp. has issued consol bonds with coupon payments of $50. (Consols pay interest forever and never mature. They a
    5·1 answer
  • Which term describes assets generated through operations that have been reinvested into the business?.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!