1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
guapka [62]
3 years ago
12

There are several reasons why the petty cash fund would experience a shortage or an overage. Determine which of the actions belo

w would result in a shortage or an overage in the petty cash fund. (Check all that apply.)a. The petty cashier overpaid for the amount due.b. The company cashier reduced the petty cash accountc. The petty cashier failed to get a receipt for payment.d. A person receiving disbursement from the fund failed to return change from a transaction.The petty cashier overpaid for the amount due.
Business
1 answer:
Olegator [25]3 years ago
5 0

Answer:

The petty cashier failed to get a receipt for payment.

Explanation:

The account Cash Short and Over is an income statement account (within a company's general ledger) in which shortages or overages of cash are recorded. The Cash Short and Over account might be used by A company to record unexplained differences arising when a company's petty cash fund is replenished.

When it is necessary to replenish the petty cash fund, the petty cashier prepares a statement of payments. Cash usually means only currency and coins. A special ledger account entitled "Change Fund" is used to keep track of day-to-day shortages and overages of cash.

You might be interested in
The development and application of mrp depended upon two developments (1) the recognition of the difference between independent
leva [86]

Answer:

a. Computers

Explanation:

The MRP refers to the material requirement planning with respect to production, scheduling, controlling of an inventory. It works is to transform the master schedule to the detailed schedule in order to purchase the raw material.

It can be divided into two components i.e independent and dependent demand. The independent demand is held for the finished goods and the dependent demand is for the components

Now for developing the mrp depend upon the recognition between the dependent and independent demand and the second one is computer

8 0
4 years ago
What can you do to help choose the best idea?
Anna11 [10]
When presented with ideas and choosing the best one, you much decide certain factors to look at. Good factors to decide would be the pros of the idea, cost, convenience, etc. Picking the best idea in a situation means picking the idea that yields the most positives!
5 0
3 years ago
Read 2 more answers
Oriole Company issued $476,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $454,
Anna35 [415]

Answer:

Date   Account and Explanation          Debit         Credit

           Bonds payable                         $476,000

           Loss on bond redemption       $7,140

           (461,720 - 454,580)

                    Cash                                                     $461,720

                     (476,000 * 0.97)

                     Discount on bonds payable               $21,420

                     (476,000 - 454,580)  

           <em>(To record redemption of the bonds)</em>

6 0
3 years ago
sherry is paid 16.50 during regular hours and 24.75 per hour overtime.she worked 80 hours regular time and 10 hours overtime. ca
White raven [17]
Explanation:
$1320 for regular hours
$247.50 for over time

Answer:$1567.5 total earnings
4 0
3 years ago
Access Organics, Inc., hired Andy Hernandez to sell organic produce. Later, Hernandez signed an agreement not to compete with Ac
MariettaO [177]

Answer: The Non Compete is NOT Enforceable.

Explanation:

An Agreement not to compete with your previous company is a RESTRICTIVE covenant that was generally introduced to ensure that Upper and Middle Management who were generally privy to Trade Secrets in an Organization do not take that information somewhere else and use it against that old company usually in exchange for better compensation packages.

Hernandez joined Access Organics and regrettably was not given a pay increase or any other special considerations. This is very relevant.

For a Non-compete to hold relevance especially if it is signed AFTER an employee has already being working in an organization, there needs to be SUFFICIENT Considerations that gave the employee better terms such as more job security or better benefits as a result of signing said agreement.

Andy Hernandez received no such benefits in return for signing the agreement and so the Non-compete Agreement lacks said Sufficient Considerations.

The Non-compete is therefore NOT ENFORCEABLE.

It is worthy of note that in the actual case, the Judge ruled in favor of of Andy Hernandez.

If you require further clarification do react or comment.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Small, family owned businesses usually require applicants to submit electronic résumés.
    13·2 answers
  • Q 5.31: Which of the following balance sheet formats lists the assets on top and the liabilities and stockholders’ equity on the
    13·1 answer
  • A monopolistically competitive firm and a monopoly each maximize profits when Use letters in alphabetical order to:_________.
    13·1 answer
  • If an industry consisting of two firms produces a total of 12 units, the market price is $10. If 13 units are produced, the pric
    10·1 answer
  • The market for footballs is perfectly competitive. If all else is held constant and the price of leather decreases, we would exp
    8·1 answer
  • An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020.
    6·1 answer
  • The term _____ indicates that the product is novel to the individual who made it, but known to everyone else. Group of answer ch
    9·1 answer
  • The management of Gibraltar Brokerage Services anticipates a capital expenditure of $26,000 in 2 yr for the purpose of purchasin
    10·1 answer
  • What role does competition play in business and global trade?
    6·1 answer
  • Denials can occur as a result of errors that occur at various points in the revenue cycle. Identify at least one error that can
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!