All categories

2 years ago

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

Business

1 answer:

kkurt [141]2 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

During an economic recession, A. the bond demand and supply curves both shift to the left and the equilibrium interest rate usu

anygoal [31]

Answer:

B. the bond demand curve shifts to the left, the bond supply curve shifts to the right, and the equilibrium interest rate usually rises.

Explanation:

In this case:

The supply increases, curve shifts to the right.
The demand increases, curve shifts to the left
Both the above shifts cause the price of bonds to decrease
The above changes cause interest rate to increase

In this way, the quantity of bonds increase

8 0

2 years ago

Discuss the difference between organizational objectives and strategies.

densk [106]

Objectives are like goals that you want to accomplish, strategies are the methods to get there

3 0

2 years ago

Samantha is an employee at a bank and uses a username and password to login to her computer. She ensures that she keeps these cr

V125BC [204]

2 - Confidentiality is your answer

4 0

2 years ago

Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 8,100

Ilya [14]

Answer:

$102,870

Explanation:

The computation of Total cash disbursements is shown below:-

Variable overhead = Direct labor budget × Variable overhead rate

= 8,100 × $1.40

= $11,340

Fixed expenses incurred in cash = Total fixed expenses - Depreciation

= $100,440 - $8,910

= $91,530

Total cash disbursements = Total variable manufacturing overhead + Fixed cash overhead

= $91,530 + $11,340

= $102,870

Therefore for computing the Total cash disbursements we simply applied the above formula.

6 0

2 years ago

The current price of a 10 year $1000 par value bond is $1158.91. Interest on this bond is paid every 6 months, and the nominal a

tatuchka [14]

Answer:

16.22%

Explanation:

To calculate the annual coupon rate, you can use the following formula:

Coupon Rate= (Annual coupon payment/Par value of the bond)* 100%

Annual coupon payment= $1158.91*14%= 162.2

Par value of the bond= $1000

Coupon Rate= (162.2/1000)*100%

Coupon Rate=0.1622*100%

Coupon Rate= 16.22%

The annual coupon rate on this bond is 16.22%

4 0

2 years ago