Articles of incorporation
, corporate charter are used to describe this document.
<h3><u>
Explanation:</u></h3>
The document that is very formal in nature and also filled with information related to the creation of the company refers to the Articles of incorporation. It contains the details related to the name and address of the company, the type and the amount of stock that is to be issued, agent for service of process.
The document that contains the information related to the secretary of state during the time in which the business is incorporated refers to the corporate charter. This can also be referred as certificate of incorporation. The details in this documents may differ that depends on the size and the regulations of the company.
Answer:
Debit Petty Cash $250; credit Cash $250
Explanation:
Based on the information given we were told that the Company establishes the amount of $250 as a petty cash fund on September 1 which means that The journal entry to record the establishment of the fund on September 1 is:
Debit Petty Cash $250
Credit Cash $250
Answer:
Cash shorting = 36,010 - 36,006 = $4
DR Cash $36,006
Cash Short and Over $ 4
CR Sales $36,010
There is a shortage of cash as the sales figure is more than the cash amount. The Cash Short and Over account will therefore be debited to reflect this expense.
It should be noted that the competitive advantage of Johan's company is being affected by Demand conditions.
<h3>What are Demand conditions?</h3>
Demand conditions can be regarded as the size and nature of the customer base for products, and this usually bring about innovation and product improvement.
This is why Johan was happy that consumers had asked for a better grade of plastic for the toys his company produced.
Learn more about Demand conditions at:
brainly.com/question/4804206
Answer:
Total PV= $948.6
Explanation:
Giving the following information:
Year Cash Flow
1 $250
2 450
3 350
Interest rate= 5%
<u>To calculate the present value, we need to use the following formula on each cash flow:</u>
PV = Cf/(1+i)^n
PV1= 250/1.05= 238.1
PV2= 450/1.05^2= 408.16
PV3= 350/1.05^3= 302.34
Total PV= $948.6