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andreev551 [17]
3 years ago
5

For each of the items listed below, indicate whether the item would be reported in the

Business
1 answer:
tresset_1 [31]3 years ago
4 0

Answer:

Note: The complete question is attached below as picture

Indication of how they should be reported are as follow:

1) Budgetary Schedules : FINANCIAL SECTION AS RSI (RSI)

2) Letter of Transmittal : INTRODUCTORY SECTION (I)

3) Legal debt limitations and debt margin : STATISTICAL SECTION (S)

4) A description of government's financial conditions : FINANCIAL SECTION AS MD&A (MDA)

5) Property tax collection and levy information : STATISTICAL SECTION (S)

6) Defined benefit pension plan schedules : FINANCIAL SECTION AS RSI (RSI)

7) Financial highlights of the fiscal year : FINANCIAL SECTION AS MD&A (MDA)

8) Auditors report : FINANCIAL SECTION (F)

9) 10-year data trend : STATISTICAL SECTION (S)

10) Notes to the financial report : FINANCIAL SECTION (F)

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Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occur
abruzzese [7]

Answer:

Kiona Co.

Journal Entries:

May 1:

Debit Petty Cash Fund $300

Credit Cash Account $300

To record the establishment of the petty cash fund.

May 15:

Debit Janitorial Services $93.60

Debit Miscellaneous Expenses $76.41

Debit Office Supplies $52.20

Debit Advertisement $68.58

Credit Petty Cash Fund $290.79

May 15:

Debit Petty Cash Fund $290.79

Credit Cash Account $290.79

To record the replenishment of the fund.

Debit Cash Account $13.80

Credit Surplus Cash $13.80

To record the excess cash counted.

May 16:

Debit Petty Cash Fund $200

Credit Cash Account $200

To record the increase of the fund to $500.

May 31:

Debit Office Stationery $53.73

Debit Transport $42.78

Debit Delivery Expense $44.17

Credit Petty Cash Fund $140.68

May 31:

Debit Petty Cash Fund $140.68

Credit Cash Account $140.68

To replenish the petty cash fund.

Debit Cash Account $50

Credit Petty Cash Fund $50

To record the reduction of the petty cash fund by $50.

Explanation:

A Petty Cash Fund is a system for meeting small-ticket expenses, by the use of the float system.  This implies that the petty cashier is only reimbursed for actual expenditure in order to restore the float to the established amount.

4 0
4 years ago
What are the ethical issues here?
Tems11 [23]

Answer:

The ethical issues here are :-

Discrimination. One of the biggest ethical issues affecting the business world in 2020 is discrimination. ...

Harassment. ...

Unethical Accounting. ...

Health and Safety. ...

Abuse of Leadership Authority. ...

Nepotism and Favoritism. ...

Privacy. ...

Corporate Espionage

8 0
3 years ago
You are an IT consultant. A small business client wants to explore cloud computing services as a way to save money and space. Th
xxTIMURxx [149]

Answer:

Virtual.

Explanation:

Virtual means not physically existing as such but made by software to appear to do so.

6 0
3 years ago
Beef Burgers, Inc. contracts to buy five hundred head of cattle from Cattle Ranch. Before the seller delivers, an outbreak of di
Studentka2010 [4]

Answer:

B) ​no longer applies.

Explanation:

Based on the information given the perfect tender rule will NO LONGER APPLIES because the seller which is Cattle Ranch is yet to deliver the cattle to Beef Burgers, Inc before the outbreak of the disease causes a quarantine of the ranch, which is why the perfect tender rule states that a buyer is only permitted to reject goods that is been delivered to him or her from a seller only in a situation where the seller's delivered the goods in way that are not perfect or that does not meet the contract agreement between both the buyer and the sellers or in a situation where the goods did not conform to the description which may make the buyer to legally reject the goods delivered.

Therefore based on above scenario between Beef Burgers, Inc the buyer and Cattle Ranch the perfect tender rule will NO LONGER APPLIES .

7 0
3 years ago
Principals that manage an llc owe its members __________.
Whitepunk [10]

Answer:

Principals that manage an llc owe its members the duty of care.

Explanation:

The duty of care is a legal responsability that the manager has to be careful when performing any action that can cause damage to the members of an LLC. When the manager is not reasonably careful and cause any harm, it be considered negligence and this can have serious legal implications.

5 0
3 years ago
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