Answer:
e. Debit Petty Cash $50 Credit Cash $ 50
Explanation:
The entry on October 01 is to reflect the increase in Petty Cash from $ 250 to $ 300. i.e the incremental effect is only $ 50. This is because for the regular replenishment that was done on September 30, the following entry would have been recorded:
Petty Cash - Debit $ 232
Cash - Credit $ 232
The entry for recording the petty cash expenses would be as follows;
Office Supplies expense debit $ 73
Merchandise Inventory debit $ 137
Miscellaneous expenses debit $ 22
Petty Cash credit $ 232
Answer:
150%
Explanation:
Computation of the predetermined overhead rate
Using this formula
Predetermined overhead rate=Estimated overhead/Estimated direct labor cost
Let plug in the formula
Predetermined overhead rate=$322,500/ $215,000
Predetermined overhead rate=1.5*100
Predetermined overhead rate=150%
Therefore Predetermined overhead rate will be 150%
Chief operating officers (COO) and chief financial officers (CFO) must verify in writing the accuracy of their corporation's financial statements.
Answer: D)
Based on the fact that the divisions of this national grocery chain are set up in such a way that they can serve different locations, this is a<u> geographic structure.</u>
<h3>What is a geographic structure?</h3>
This is a departmentalization style where a company creates divisions in various areas to service their customers located in those places.
This is what this national grocery chain is doing by setting up divisions in various areas to access their customers around the country.
Find out more on the departmentalization at brainly.com/question/15052404.
#SPJ12
Answer:
keep producing as variable costs are being met.
Explanation:
A firm should shutdown in the short run if price is less than average variable cost. But since price is greater than the average variable cost, the firm should keep producing in the short run.
I hope my answer helps you