Answer:
Petty cash is debited for $100
Explanation:
Petty cash is a small amount of fund which is kept in the business for day to day expenses. Cash is issued from this fund for daily small expense which is not appropriate to withdraw from the bank by check.
Journal Entry will be as follow
Dr. Petty cash $100
Cr. Cash $100
Cash is transferred from cash account to petty cash account, both of these are asst account and have a debit balance. Tot increase the petty cash account balance it is debited and to decrease the cash account balance it is credited.
Answer:
D. Providing value to customers
Explanation:
The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs, better than the competition. Today most firms have adopted the marketing concept, but this has not always been the case.
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<span>Microsoft's risk management model includes "probability".
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Microsoft works in a focused, high-risk business, with quickly propelling innovation and regularly shortening item life cycles. In that unique circumstance, Microsoft's hazard administration group looks to develop and actualize an undertaking wide risk management framework. Microsoft's risk management was set up in 1997.
Answer and Explanation:
The computation of the total budgeted selling and administrative expenses is shown below;
Utilities expense $2,800
Administrative salaries $100,000
Sales commissions 5 % of sales i.e. 5% of $860,000 $43,000
Advertising $20,000
Depreciation on store equipment $50,000
Rent on administration building $60,000
Miscellaneous administrative expenses $10,000
total budgeted selling and administrative expenses $285,800
Answer:
he should have multiplied by 10, not 100
Explanation:
