Answer and Explanation:
The journal entries are shown below:
On Apr 2
Petty cash $290
To Cash $290
(Being the establishment of the petty cash fund is recorded)
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
On Apr 10
Mail & Postage $62
Contributions and Donations $33
Meals & entertainment $114
Cash Short and Over $4 ($290 - $62 - $33 - $114 - $77)
To Cash $213
(Being the replenishment of the fund is recorded)
For recording this, we debited the mail & postage, contributions & donations, meals & entertainment as it increased the expenses and credited the cash as it reduced the assets and the balancing figure is debited to cash short and over
On Apr 11
Petty Cash $140 ($430 - $290)
To Cash $75
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
Answer:
see below
Explanation:
An Oligopoly market structure is one that has few firms dominating an industry with many buyers. The few firms may be selling an identity or differentiated product.
The features of an oligopoly market include
1. Heavy Advertising
Each of the firms will advertise to win customers. Because the firms offer similar or differentiated products, there is heavy advertising to try to get a bigger market share.
2. Interdependence
There are few firms competing for many buyers. What one of the firms does elicits reactions from the others. If one of the firms reduces its prices, there are higher chances that the others will also follow suit. To avoid unhealthy competition, these firms engage in collaborations.
3. Barriers to Entry
It requires heavy capital expenditure to participate in an oligopoly market. The amount of capital required acts as a barrier to entry. The domination by a few firms and intense advertisement scares away new entrants.
4. Price-setters
Each firm is able to set its price. All the firms do not sell uniform products; hence they are able to set their pri
Answer:
Personal greed, Decline of personal ethical sensitivity, the size and structure of governments, economic freedom/openness of economy, Cultural environments that condone corruption, Lack of transparency, Slow judicial processes, etc.
Explanation:
Answer:
b) Larceny at the point of sale
Explanation:
Larceny at the point of sale -
It is a type of fraud , where the employee itself steal money from the employer during the point in the business , when is the sale is been made .
This type of fraud is very commonly seen in the retail business .
Same case is shown in the question data , where Jan Ashley , who works for the R & S departmental store , tries to steal money during the sale .
Answer:
Quarterly interest payment= $11.25
Explanation:
<em>T</em><em>he coupon rate is the proportion of the nominal value of a bond that is paid as interest . This proportion is always as a quoted as percentage . And the payment can be made annually, semi-annually or even quarterly</em>
<em>Here the quarterly payment implies that the investor would receive the interest payment every three months</em>
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Annual Interest payment = coupon rate × nominal value
= 4.5% × 1,000 = 45
Quarterly interest payment = 45 × 3/12 = 11.25
Quarterly interest payment= $11.25