Answer:
Explanation:
The journal entry is shown below:
Petty cash A/c $200
To Cash A/c $200
(Being the petty cash fund is established)
Simply we debited the petty cash account and credited the cash account so that the correct posting can be done with the correct item and the correct value.
All other information which is given is not relevant. Hence, ignored it
Answer:
Its technically just a mark up on goods.
Explanation:
Cost plus pricing involves adding a markup to the cost of goods and services to arrive at a selling price.
Answer:
The correct answer will be Option A (unlimited).
Explanation:
- The potential loss which always relies on something like a potential occurrence happening or otherwise not happening. One such loss to such a writer's exposed put option on either a stock seems to be indefinite or unlimited.
- Unless the loss becomes probable as well as the sum could be calculated, the damage including responsibility must be reported with either the journal entry.
Other available scenarios aren't connected to the situation in question. So alternative A, therefore, the perfect solution.
Answer:
option A
Explanation: A firm cannot avoid paying taxes on previous profits as these profits were earned before the shutting down period and generally the taxes on profits for current period are paid at a later period. Thus option B is incorrect.
.
Revenue is the total income that a business gets from its normal operations and variable cost is the cost that changes with the level of output. Thus, there will be no revenue and also variable cost. Hence option C is incorrect.
.
Sunk cost are the costs that cannot be recovered and are already been incurred.So a company can avoid its variable cost by shutting down but not its sunk cost. Hence option D is incorrect.
.
Fixed costs are the costs that are independent of the level of output. Therefore, a company after shutting down will not receive revenue but will have to bear fixed cost. Hence option A is correct.
Answer:
I have selected Standard Chartered Bank which is one of the leading banks in the world. It has more than 1200 branches across 70 countries in the world. The head quarter of the bank is in the city of London, England.
The financial statements of the banks are available online. These financial statements are compared with similar other banks or industry averages to analyse the performance of the bank.
Explanation:
Standard Chartered is one of the finest bank in the world. The banking sector has been always striving to serve people better and standard chartered has made this possible. The financial statements of the bank are available online. One can easily go to the banks website of their respective country and click the about us tab. Then in the about us tab there is detail about company operations and their mission vision statements along with free and complete access to financial statements.
