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Kaylis [27]
3 years ago
13

A petty cash fund was established with a $350 balance. It currently has cash of $41 and petty cash tickets totaling $309. Which

of the following would be included in the entry to replenish the fund?
A. A debit to Petty Cash for $41
B. A credit to Cash for $41
C. A credit to Petty Cash for $309
D. Debits to various expenses for $309
Business
1 answer:
Vesna [10]3 years ago
7 0

Answer:

C. A credit to Petty Cash for $309

Explanation:

Based on the information given we were told that the PETTY CASH tickets total the amount of $309 which therefore means that the appropriate entry included in the entry to REPLENISH THE FUND will be :

A credit to Petty Cash for $309

(Replenish fund)

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You own one call option with an exercise price of $30 on Nadia stock. This stock is currently selling for $27.80 a share but is
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Answer: 0.755

Explanation:

From the information given, the current per share value of the option if it expires in one year will be calculated as follows:

Firstly, we calculate the present value which will be:

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= $28/1.05

= $26.667

The number of options needed will be:

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Therefore,

27.80 = (1.5 x Co) + [28 / (1+0.05)]

27.80 = 1.5Co + (28/1.05)

27.80 = 1.5Co + 26.667

1.5Co = 28.0 - 26.667

1.5Co = 1.1333

Co = 0.755

Therefore, the answer is 0.755

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3 years ago
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Answer:

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Correct option is B

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