Answer: Please see answer in explanatory column
Explanation:
1) Journal entry to establish the fund on January 1st.
Account Debit Credit
Petty Cash $250
Cash $250
2) journal entry to record re-imbursement on January 8.
Account Debit Credit
Postage expense $43
Merchandised inventory $14
Delivery Expense $16
miscellaneous expenses, $32
Cash $105
3) journal entries to record reimbursement of the fund and increment to $300 on January 8
Account Debit Credit
Petty Cash $150
Cash $150
Petty cash increasing to $300, therefore the increased amount
$300- $250= $150
Answer:
Explanation:
a. Parties who legally own the company
The kind of corporation that is owned by the shareholders is a stock insurer. While when policy holders elect board of directors then that is call a mutual insurer. This board of director enjoys control over the management control of the corporation.
b. Right to assess policyholders additional premiums
An asses sable policy can not be issued by the stock insurers, however policy of such kind can be issued by the mutual insurer. For mutual insurer, this policy depends on what kind of insurer is in place.
c. Right of policyholders to elect the board of directors
For stock insurer, its is the stockholders who elect the board of directors. While for mutual insurer, its the owners who elect the board of directors who have an effective control over the management.
Answer:
The correct option is C,royalties
Explanation:
Royalties refers to payment received by the owner of patent from the individuals making use of the patented design or product as a reward for creativity and originality.
Profits are excess of revenue over costs of doing business overall
Receipts are inflows of cash and cash equivalents to the business either form sales transactions or from sources such as disposal of assets as well as issuance of shares.
Payoffs refers to the amount paid to an employee either upon retirement or on leaving a job
Answer:
Semi-indirect organizational pattern is the answer.
Explanation:
The paragraph uses a semi-indirect organizational pattern. The purpose of the paragraph is to inform other employees about Renalda's contribution to the organization and that she will be leaving the company while in the end it is directly pointed to Renalda herself.
