<span>This is known as the ceiling effect. This means that the independent variable no longer has an effect on the dependent variable in this circumstance. It can also mean that the level above which a variance is an independent variable is no longer estimated.</span>
Answer:
You can set an alarm and times you should be done with things at home, ex: be out the door by 8:30 am. also check the traffic to make sure it is not heavy to help ensure you get to work on time.
Answer:
Explanation:
The accounting equation is shown below:
Total assets = Total liabilities + Shareholder's equity
In the given transaction, the office equipment was purchased for $3,000 and it is paid immediately which means the balance of office equipment is increased and the cash balance is decreased.
It gives a positive impact on office equipment under fixed assets and a negative impact on the cash balance under the current assets.
Answer:
The Journal entries are as follows:
(i) On March 1,
Petty cash A/c Dr. $105
To cash $105
(Petty cash balance)
(ii) During March,
Stamp inventory A/c Dr. $38
Freight out A/c Dr. $14
Misc. Expenses A/c (12+8) Dr. $20
Travel Expenses A/c Dr. $25
over / short A/c (105 -38-14-20-25-6) Dr. $ 8
To cash $105
(Petty cash received)
(iii) On March 20,
Petty cash A/c (190-105) Dr. $85
To cash $85
(Petty cash fund increased to $190)
