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larisa86 [58]
3 years ago
9

Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

pts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50. The journal entry to record the establishment of the fund on September 1 is
Business
1 answer:
Juli2301 [7.4K]3 years ago
3 0

Answer:

<h2>The journal entry is shown below:</h2>

Explanation:

The journal entry for recording the establishment of the fund is as:

On September 1

Petty cash A/c.....................Dr   $250

       Cash A/c...........................Cr   $250

Being recording the petty cash in the books

As creating the fund for the petty cash in the books, the account of petty cash is debited as there is increase in the assets which is debited. And the petty cash is created against cash. Therefore, the cash account is credited.

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The given investments are best known as Foreign direct investments .

<u>Explanation: </u>

Foreign direct investment (FDI) is an offer made by an individual Situated in some other nation in the context of holding ownership of an enterprise in one country. Therefore, the principle of direct control separates itself from an investment in a foreign fund.

For open markets instead of regulated equity markets, FDIs are widely used.

Types of Foreign direct investment are horizontal, vertical and multinational. In another region, Horizontal defines the same company category, while vertical is related but separate, and conglomerates are different firms.  

FDI to the US is continuously tracked by the Bureau of economic analysis.

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7 0
3 years ago
Consider a capacity constrained process producing a high profit margin product. What will the impacts on revenue and profits be
3241004551 [841]

Answer:

The answer is "Option B"

Explanation:

In this question, Higher incomes and profits are correct because it minimizes the congestion operating frequency by 10%. It takes a long time and decreasing the processing, which would have had an impact on revenue and profit directly. Performance would grow, generating additional sales, that's why choice b is correct.

3 0
2 years ago
Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. The Pound Co. paid the invoice within the disc
Scorpion4ik [409]

Answer:

c. $24,990

Explanation:

The Term 2/15 net 45 mean 2% cash discount is offered if the payment is made within 15 days otherwise the credit period is 45 days. There is no after 15 days of sale.

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Discount Rate = 2%

The Pound Co. paid the invoice within the discount period. They are eligible to receive the 2% discount on sale value.

Discount Amount = $25,500 x 2% = $510

Net Sales amount in this transaction = $25,500 - $510

Net Sales amount in this transaction = $24,990

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Ann wants to be a manager who directs the work of others
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Why would investors buy a junk bond?
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Bond could increase in the future
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