Brenda, who was planning a small dinner party and she found at the store a buy-one-get-one-free deal and a free gift with the purchase of a particular dessert, altered the menu as a result of the in-store promotion and ended up spending less than she'd planned. This shows that shopping situations can influence purchases, In this case, promotions in stores can influence purchase decisions.
To create the petty cash fund, make the following journal entry: debit Petty cash fund account ($430), credit cash account ($430).
<h3>What is petty cash fund?</h3>
A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff workers and visitors to get reimbursed for little expenses like taxi rides, postage, office supplies, and other things that often don't cost more than $25.00.
The data can also come from of the petty cash fund. Add up all of the expenses that are mentioned on each petty cash vouchers in the petty cash fund. This sum should be deducted from the calculated cash withdrawal amount. The outcome ought to be 0. There is an excess of cash in the fund if there is a residual balance.
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There are two types of specialisation:
structural specialisation (topic or map level)
and domain specialisation (element level).
A=p(1+rt)
A=future value
P=present value
R=interest rate
T=time
If you want to find present value
P=A/(1+rt)
If you want to find interest rate
R=[(A/p)-1]divided by t
Finally if you want to find time
T=[(A/p)-1]divided by r
