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aleksandr82 [10.1K]
3 years ago
8

You oversee the $250 petty cash for your company. When an employee needs a special item that is not in inventory, you take money

from petty cash to purchase that item.
One day, you are short on cash for lunch. You decide to borrow $10 each day for the next 3 days until payday for a total of $30 from petty cash. After payday, you do not have enough to repay petty cash, so you decide to record a cash short/over expense of $30.

Respond to the following in a minimum of 175 words:

Since this is the first time you have ever done this, is this a problem?
If so, what steps should be taken to fix this problem? If not, why not?
Business
1 answer:
sergey [27]3 years ago
8 0

Answer:

Since this is the first time you have ever done this, is this a problem?

Of course this is a problem, you stole money. Stealing money is not right and it is a problem. If someone finds out, you will lose your job. legally, you could also be prosecuted, but the amount is very little. Another problem is that if you are able to go unpunished and no one finds out, this behavior will continue until you cannot hide it anymore. By then , the amount might be larger, not just a few dollars, and you will be in deep trouble.

If so, what steps should be taken to fix this problem? If not, why not?

Pay back the money you took. Simple as that. Sometimes, doing the correct thing is not difficult. Do not spend money on unnecessary things and pay the $30. Do it before this becomes a bad habit and you get into serious trouble that seriously damage your career. No company will hire someone fired for stealing money form their previous employer.

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Explanation:

Marginal externality is constant. However, it may not be calculated with accuracy. Hence, there's need for estimates at reasonable levels.

Hence, the policymaker's estimate of $35/ unit is reasonable and within the acceptable range of between $10 and $50/unit. Also, the tax charge raises social welfare compared to no tax at all.

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You purchased an annual interest coupon bond one year ago that had six years remaining to maturity at that time. The coupon inte
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Answer:

The correct answer to the following question will be "8%".

Explanation:

The given values are:

Number of years of maturity = 5 years

Interest rate of coupon = 10%

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                           = 100

Yield to maturity, YTM = 8%

As we know,

Price of Bond = PV of Coupons + PV of Per Value

On putting the values in the above formula, we get

⇒                     = \frac{100\times (1-(1+8 \ percent^{-5}))}{8 \ percent} +\frac{1000}{1+8 \ percent^{5}}

⇒                     = 1079.85

After 1 years, we get

Price of Bond = PV of Coupons + PV of Per Value

On putting the values in the above formula, we get

⇒                     = \frac{100\times (1-(1+8 \ percent^{-4}))}{8 \ percent} +\frac{1000}{1+8 \ percent^{4}}

⇒                     = 1066.24

Now,

The total return rate = \frac{(1066.24-1079.85+100)}{1079.85}

                                   = \frac{86.39}{1079.85}

                                   = 8 \ percent

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3 years ago
When is it not necessary to build a new market supply schedule?
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5 0
3 years ago
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Dake Corporation's relevant range of activity is 3,200 units to 8,000 units. When it produces and sells 5,600 units, its average
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Answer:

$22,780

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The computation of the  total amount of indirect manufacturing cost incurred is shown below:

= Variable manufacturing overhead + fixed manufacturing overhead

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Variable manufacturing overhead  = Number of units produced × variable manufacturing overhead per unit

= 4,600 units × $1.30

= $5,980

Fixed manufacturing overhead  = Number of units produced and sold × fixed manufacturing overhead per unit

= 5,600 units × $3

= $16,800

So, the total indirect manufacturing cost is

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6 0
3 years ago
In response to a change in the price of good X from $10 to $6, the quantity demanded of good X increases from 100 to 150 units.
andreev551 [17]

Answer:

- 0.80

Explanation:

Price elasticity of demand describes the extent to which the quantity demanded of good X changes as result of a change in its own price.

The midpoint formula for price elasticity of demand is presented and used as follows:

Percentage change in quantity = %ΔQ = [Q2 - Q1] / [(Q2 + Q1) ÷ 2] × 100

Percentage change in quantity = %ΔP = [P2 - P1] / [(P2 + P1) ÷ 2] × 100

Midpoint price elasticity of demand = %ΔQ / %ΔP

Where:

Q2 = New quantity of good X = 150

Q1 = Initial quantity of good X = 100

P2 = New price of good X = $6

P1 = Initial price of good X = $10

Therefore,

Percentage change in quantity = %ΔQ = [150 - 100] / [(150 + 100) ÷ 2] × 100

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                                                                 = (50/125) × 100

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Percentage change in quantity = %ΔP = [$6 - $10] / [($6 + $10) ÷ 2] × 100

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Price elasticity of demand = 40% / 50% = - 0.80

The elasticity of demand of -0.80 less than 1. That indicate that the quantity demand is inelastic. That is the change in the degree of change in the quantity demanded of good X is lower than the degree of change in its price.

3 0
3 years ago
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