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3 years ago

A company set up a petty cash fund with $800. The disbursements are as follows:

Business

1 answer:

kkurt [141]3 years ago

3 0

Answer:

The correct option is B,cash at bank.

Explanation:

In creating the fund,cash of $800 needs to made available to the petty cash account.

In order to achieve this,the cash is moved from the cash at bank to petty cash which effectively means that the cash at bank the giving account should be credited while the receiving account,the petty cash account is debited.

Option B is correct since it is the account meant to be credited in order that the petty cash fund account can be created

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Robin Brothers works for a winery that sells to restaurants through distributors. She knows the types of wine her company sells

qaws [65]

Answer:

A missioniairy salesperson

Explanation:

Missionary selling is a form of personal sales in which the salesperson provides information to an individual who will influence the purchase decision. This is an indirect sales technique; the goal is not to close a sale, but merely to get information into the hands of a key decision-maker. Robin is providing information to restaurants in order to "Help Them" to buy her company's wine.

3 0

3 years ago

Suppose that the production of $500,000 worth of steel in the United States requires $100,000 worth of iron ore. The U.S. nomina

brilliants [131]

Answer:

The effective rate of protection for the U.S. steel industry is approximately 17.5%

Explanation:

Mathematically, the effective rate of protection is calculated as follows;

e = (n-ab)/(1-a)

where n is the nominal tariff rate on the final product , a is the ratio of the value of the imported input to the value of the finished product and b is the nominal tariff rate on the imported input

Mathematically;

a = value of iron ore/value of steel = 100,00/500,000 = 1/5 = 0.2

From the question, we can see that nominal tariff rate for steel n = 15% = 15/100 = 0.15

The nominal rate for iron ore b = 5% = 5/100 = 0.05

So we substitute all of these into the equation of e above

e = {0.15-0.2(0.05)}/(1-0.2) = (0.15-0.01)/0.8 = 0.14/0.8 = 0.175 which is same as 17.5%

3 0

2 years ago

For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 de

snow_lady [41]

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

In the first case,

Future value = $2,050 × (1 + 0.12)^12

= $2,050 × 3.895975993

= $7,986.75

In the second case,

Future value = $8,352 × (1 + 0.10)^6

= $8,352 × 1.771561

= $14,796.08

In the third case,

Future value = $72,355× (1 + 0.11)^13

= $72,355 × 3.883280163

= $280,974.74

In the fourth case,

Future value = $179,796 × (1 + 0.07)^7

= $179,796 × 1.605781476

= $288,713.09

4 0

2 years ago

When making investments, your primary motivation should be:

alexira [117]

When making an investment, the primary goal of every investor is to make money. Investing is an activity undergone by any individual called investor to gain profit. Profit is the amount of money the investor can earn out of his/her investment. The primary goal of every investor is profit.

7 0

3 years ago

The Office of Management and Budget and the Council of Economic Advisers are both parts of the ________.

7nadin3 [17]

Answer:

The correct answer is "Executive office of the president"

Explanation:

The Executive Office of the President of the United States (EOP) is a gathering of agencies belonging to the executive branch of the government of the United States of America. The principal function is to support the president works.

The Office of Management and Budget and the Council of Economic Advisers are part of the EOP.

5 0

2 years ago