Answer:
lower
Explanation:
As people would make a smaller profit but more if it accumulating it to get bigger than expensive with less sales.
Answer:
petty cash fund 242 debit
cash 242 credit
--to establish a petty fund--
freigth-out 53.40 debit
entertainment expense 15.00 debit
postage expense 12.70 debit
miscellaneous expense 112.50 debit
cash shortage loss 2.40 debit
cash 196 credit
--to replenish the fund on August 15th--
petty cash fund 200 debit
cash 200 credit
--to increase petty fund by 200 dollars--
freigth-out 25.40 debit
entertainment expense 153.60 debit
postage expense 124.00 debit
cash shortage loss 1.00 debit
cash 304 credit
--to replenish the fund on August 31th--
Explanation:
when replenish we don't use the petty fund account we adjust directly against cash leaveing the petty fund balance untouched. We only adjusted for increases or decreases in the total amount available at the petty cash fund.
False because if it paid someone to make them then the people who made them at least knew about it. but no they are liable whether or not they knew of the problem. this is why things are recalled Is bc they found out about it.
Answer:
$6400 bonus paid to Partner
Explanation:
Equity of Burns =$79000
Van Ness contribution =$43000
Total equity after van ness contribution = $79000+$43000
=$122000
Van Ness equity interest = 30% of $122000
=$36600
Partner bonus = Van Ness contribution - Van Ness equity interest
= $43000 - $36600
= $6400 bonus paid to partner
Answer:
<em>B. Cash flows from contingent activities</em>
Explanation: