All categories

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

You might be interested in

Jessica who owns a restaurant in New York City and is generating handsome profit from the business, has decided to take a portio

lara [203]

Answer:

Financialisation

Explanation:

Financialisation is about changes in the actual conduct and meaning of work .

5 0

2 years ago

A company has a process that results in 1,300 pounds of Product A that can be sold for $13.00 per pound. An alternative would be

n200080 [17]

Answer:

If the company process further the units, income will decrease by $600.

Explanation:

Giving the following information:

A company has a process that results in 1,300 pounds of Product A that can be sold for $13.00 per pound.

An alternative would be to process Product A further for $13,600 and then sell it for $23.00 per pound.

We need to determine the result of further processing the product.

Sell as-is:

Effect on income= 1,300*13= $16,900 increase

Continue processing:

Effect on income= 1,300*23 - 13,600= $16,300

It is more profitable to sell the units before further processing.

8 0

3 years ago

Over the past 4 years, Cardi, age 28, has contributed a total of $20,000 to a Roth IRA. The current balance is $25,000. She was

Juliette [100K]

Answer:

Explanation:

According to the scenario, computation of the given data are as follow:-

Contributed amount = $20,000

Distribution amount = $15,000

As we know,

Taxable amount = Distribution amount - contribution amount

= $15,000 - $20,000

= - $5,000

The contribution amount is $20,000 more than the distribution amount $15,000. So distribution amount is not taxable.

She included $0 amount in her gross income this year.

4 0

3 years ago

Jamal worked for a delivery company, and he was driving sometimes up to 10 hours a day. One afternoon, on the way back from maki

notsponge [240]

Answer:

Yes, the company is liable because Jamal was on his work route and took a minor detour to pick shirts he needed for work.

Explanation:

Generally what determines if the company is liable or not for a car accident, is if the employee was acting within the scope of his/her normal employment activities. In this case, even though Jamal took a break to pick up some shirts for work, he didn't deviate form his normal activities and not even from his normal work route. He was actually coming back from making a delivery.

It would have been different if he had gone to a different neighborhood or downtown just to pick the shirts. You must also consider that Jamal drives the delivery truck 10 hours a day, and that doesn't leave him a lot of spare time for his own personal activities, and this particular one was also related to his work.

This situation is similar to an accident happening when a truck driver is stopping to go to the bathroom or eating something while travelling.

8 0

2 years ago

The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixe

olga nikolaevna [1]

Estimated total cost at an operating level of 9,000 hours will be $38,200.

<h3><u>SOLUTION: -</u></h3>

As per high low method

Variable cost = Change in cost / Change in hours = (High cost - Low cost) / (High hours - Low hours).

Particular Cost Hours

High $42,000 10,000

Low $23,000 5,000

Change $19,000 5,000

Variable cost = $19,000 / 5,000

= $3.80 per hour

Fixed cost = Total cost - variable cost

= $23,000 - ( $3.80 × 5,000 )

= $23,000 - $19,000

= $4,000

Estimated total cost at an operating level of 9,000 hours

Fixed cost + Variable cost

= $4,000 + ( $3.80 × 9,000 hours)

= $4,000 + $34,200

= $38,200

Therefore, Estimated total cost at an operating level of 9,000 hours is = $38,200.

To know more about Estimated total cost, check the given links.

brainly.com/question/23365014

brainly.com/question/1329443

#SPJ4

Correct Question - The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high−low method and has decided to use it in this situation.

Cost Hours

$24,360 5,800

$26,500 6,100

$34,800 7,850

$42,360 13,000

$38,800 9,400

What is the Estimated total cost at an operating level of 9,000 hours?

5 0

2 years ago