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Natasha2012 [34]
3 years ago
7

In this budget, how much money is going toward optional

Business
1 answer:
g100num [7]3 years ago
4 0

Answer:

75

Explanation:

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A petty cash fund of $500 is established on October 1. The entry to record the transaction is debit Petty Cash, credit Cash. deb
shusha [124]

The correct option is A) debit Petty Cash, credit Cash.

A petty cash fund of $500 is established on October 1. The entry to record the transaction is "debit Petty Cash, credit cash."

<h3>What is petty cash fund?</h3>

The petty cash fund would be a small sum of company money that is frequently kept on hand (for example, in a secured drawer or box) to cover unimportant or trivial expenses like office supplies or worker reimbursements.

Some key features of petty cash fund are-

  • Petty cash is a minuscule sum of money that is always on hand to cover small expenses that don't warrant submitting a check or paying with a credit card.
  • Each department could possess its own petty cash pool in larger corporations.
  • A petty cash fund could be utilized to pay for office supplies, greeting cards for clients, flowers, catered lunches for staff members, and employee expense reimbursement.
  • The key benefits of using petty cash are its speed, convenience, and simplicity.
  • Petty cash funds feature drawbacks like their susceptibility to theft and abuse and the requirement to regularly check and balance them.

To know more about the petty cash fund, here

brainly.com/question/6893535

#SPJ4

The correct question is -

A petty cash fund of $500 is established on October 1. The entry to record the transaction is

A) debit petty cash, credit cash.

B) debit cash, credit petty cash.

C) debit Petty cash expense, credit cash.

D) debit retained earnings, credit petty cash.

4 0
1 year ago
g: Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement
madam [21]

Answer:

Total contribution margin= $59,800

Explanation:

Giving the following information:

Unitary selling price= 155,400 / 4,200= $37

Unitary variable cost= 100,800 / 4,200= $24

<u>To calculate the total contribution margin, we need to use the following formula:</u>

Total contribution margin= units sold*(selling price - unitary variable cost)

Total contribution margin= 4,600*(37 - 24)

Total contribution margin= $59,800

6 0
2 years ago
If your firm is operating in the negatively sloped portion of a long-run average total cost curve, then your production exhibits
Zolol [24]

Answer: C. Decreasing returns to scale

Explanation: Economic of scale refer to a situation where as the level of output increases, the average cost will decrease. In the case of constant return to scale here the average cost will not change as the output increases.

In this question the firm is operating in the negative sloped portion of the long-run average total cost curve, which shows that it has a "Decreasing returns to scale " .

8 0
3 years ago
If a person was sufficiently intoxicated to lack the mental capacity to comprehend the legal consequences of entering into the c
kenny6666 [7]

Answer:

The correct answer is True.

Explanation:

When an intoxicated person enters into a contract, the contract can either be enforceable, meaning held to the fullest extent of the law, or voidable by the intoxicated person. The court will look at two criteria that need to be present in order to make the contract voidable:

  • The intoxication was severe enough that the person entering into the contract was incapacitated.
  • The other party was aware of the intoxication at the time.

A voidable contract, in this instance, is one in which the intoxicated party can end the agreement under certain terms. To expand on the criteria above, in order for the intoxicated person to void the contract, there needs to be adequate proof that one of the following occurred:

  • The intoxicated person consumed enough alcohol or drugs to cause impairment in thinking sufficient enough that he could not understand the legal ramifications of entering into the contract.
  • The other party to the contract knew of the intoxication.
4 0
3 years ago
Read 2 more answers
Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
jekas [21]

Answer:

The net operating income for the month under variable costing is $500,000

Explanation:

Note : I have attached the full question as an image below

8 0
2 years ago
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