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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.

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Price discrimination:A. by firms selling to final consumers is illegal, but it is usually legal in selling to intermediaries.
Firlakuza [10]

Answer:

D. may be legal if the firm can prove that different prices were set based on different costs.

Explanation:

The competition and consumer act seeks to prevent unfair price discrimination by ensuring that sellers offer the same price terms to customers at a given level of trade. However , price discrimination is allowed if the seller can prove that its costs are different when selling to different customers.

5 0
4 years ago
According to Miles and Snow, a company that operates in at least two different product-market areas in which one product is stab
Kruka [31]
It is B) Reactors
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5 0
3 years ago
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To choose the best training method, a company should consider such factors as the number of people to be trained, the cost of tr
Nikitich [7]

Answer:

TRUE

Explanation:

Training and development describes the formal, ongoing effort that are made within organizations to improve the performance and self-fulfillment of their employees through a variety of educational methods and programs.

In order to choose the best training method, there are some factors that a company should consider. These factors include:

Number of people to be trained: people can learn more effectively in small groups, and, consequently, less effective in larger ones.

The cost of training: training budget is very essential in the decision process because training can take a lot of resources: money, materials, equipments e.t.c)

The objectives of training: the goal or objectives will vary depending on the organization and the kind of activities the organization plans to do during work.

Therefore, it is TRUE that to choose the best training method, a company should consider such factors as the number of people to be trained, the cost of training, and the objectives of the training.

8 0
3 years ago
Maker Co. discovered that in the prior year it incorrectly calculated depreciation expense and reported $75,000 in depreciation
WARRIOR [948]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Maker Co. discovered that in the prior year it incorrectly calculated depreciation expense and reported $75,000 in depreciation expense instead of the correct depreciation expense of $50,000. The tax rate for the current year was 35%.

We need to calculate two different impacts:

Accumulated depreciation= actual depreciation - original depreciation

Accumulated depreciation= 50,000 - 75,000= 25,000 overstated

Now, the effect on income:

Savings in tax= 25,000*0.35= $8,750

7 0
3 years ago
Why is it important to start saving for retirement early?
forsale [732]

Answer:

A

Explanation:

Saving early will allow you to gain more money because your interest will build over time.

4 0
3 years ago
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