A $50 petty cash register has $20 in cash and $40 in valid receipts. Replenishment entries include: Cash deposit of $30.
Cash book entries are debits to cash accounts and credits to cash accounts. Accountant replenishes cash drawer or box. The cash drawer or box should contain the original amount of cash for the fund. The cashier creates journal entries to record cash receipts.
When you refill the cash register, the cash account is credited with the sum of all expenses since the last time you refilled the cash register. During the bank reconciliation process, pending checks are deducted and checking accounts are added to your statement balance.
For this reason, businesses typically install petty cash boxes that are restocked every two to four weeks. Businesses delegate their cash register responsibilities to a person called a cashier or treasurer.
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Answer:
D) Ke = 11.79%
Explanation:
We will use the gordon dividen grow model to sovle for the cost of new equity
we clear for return
in this case we call the retun cost of equity
and we consider the impact of flotation ost, because this is new equity, which reduce the proceeds from the stock
next year dividend 1.50 x 1.08 = 1.62
flotation cost 5% = 0.05
Stock 45
grow 0.08
Ke = 0.117894737 = 11.79%
Answer: See explanation
Explanation:
The optimal reorder point in units is calculated as the average daily sales unit multiplied by the delivery lead time.
In the question, we're not provided with the annual demand as this is vital in order to know the average daily unit. Therefore, the question is incomplete
The component of the music industry that uses music to sell products and services is known as <u>"advertising".</u>
Music in advertising alludes to music incorporated in (mass) electronic media notices with a specific end goal to upgrade its prosperity. Music in advertising influences the manner in which watchers see the brand by various means and on various levels, and can altogether impact the passionate reaction to TV commercials. It additionally affects the musicians whose music is included in advertisements.
Answer:
<u>Corporations </u> comprise about 20% of all businesses but account for about 81% of u.s. business receipts.
Explanation:
A corporation is kind of a business that is set up by a legal organization headed by a person or several partners together. Examples including Microsoft, Apple Inc. etc
While corporations make up just 20% of registered businesses, they are usually quite larger and have national foot print. They can employ thousands of people, have a number of subsidiary companies and work with hundreds of smaller businesses.
Hence, while they are smaller in number, their impact on the economy is very large.