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Eddi Din [679]
2 years ago
7

Spencer Co. decides to establish a petty cash fund with a beginning balance of $200. The company decides that any purchase under

$25 can be processed through petty cash instead of the voucher system. The journal entry to record establishing the account is:________
a. Debit Cash $200 and credit Cash Over and Short $200
b. Debit Petty Cash $200 and credit Cash $200
c. Debit Petty Cash $200; credit Cash $175; and credit Cash Over and Short $25
d. Debit Cash $200 and credit Petty Cash $200
e. Debit Cash $200 and credit Petty Cash Over and Short $200.
Business
1 answer:
Dahasolnce [82]2 years ago
5 0

Answer:

b. Debit Petty cash $200 and credit cash $200

Explanation:

Based on the information given we were told that the Company decided to establish petty cash fund that has a beginning balance of the amount of $200 which means that journal entry to record establishing the account will be:

Dr Petty cash $200

Cr Cash $200

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Tennot Inc. sells used cars. It focuses solely on low-income customers who prefer to buy an old car rather than a new one. There
skad [1K]

Answer:

concentration targeting strategy

Explanation:

Based on the information provided within the question it can be said that Tennot Inc. most likely uses a concentration targeting strategy. This is a type of strategy in which the company focuses a single specific market segment to put all their efforts into. Which in this scenario Tennot is focusing on the old car market segment and targeting low income customers with these cars.

3 0
3 years ago
The cases filed at The Cross Company related to gender discrimination include one in which a 33-year-old sales representative wa
Romashka-Z-Leto [24]

Answer:

Title VII of the CRA

Explanation:

Title VII of the Civil Rights Act (CRA) is a landmark federal law that aims to protect employees against discrimination based on race, colour, sex, nation of origin, or religion.

The act was made law in 1964.

In the given scenario a female sales representative with excellent performance review was not promoted for 8 years, while Jim a male sales representative was promoted in just 18 months.

This is a gender based discrimination and is covered by Title VII of the CRA.

Age discrimination does not apply because it addresses discrimination of employees with minimum age of 40 years.

Equity act requires that employees on the same job role are compensated equally. This does not also apply.

Rehabilitation act prevents discrimination based on disability. This does not also apply

5 0
3 years ago
OKRs can be executed in stages. The first stage would be keyed to a deadline and then then once the project is completed and run
DerKrebs [107]

Answer:

b) false

Explanation:

OKR is a goal-setting method used by companies. It is impleemented using following steps

  • Communicate the OKR
  • Choose a tool used for OKR
  • Organize the Company's OKR
  • Set the company's OKR
  • Set every single OKR for teams, departments and Individuals
  • Make the changes in OKR if required
  • Approve the OKR
  • Evaluate the OKR at each period end.

So, the OKR cannot be implemented in a single step and it requires multiple steps.

Hence the given statement is false.

4 0
3 years ago
1. You will receive a Financial Aid Award Letter... *
Marrrta [24]
After you have completed the FAFSA and applied to colleges
5 0
3 years ago
In Littleville, which has 1,000 residents, 400 people do not currently work. Of these 400 persons, 240 are under age 16, 10 are
marin [14]

Answer:

7.69%

Explanation:

The official unemployment rate includes people who do not have a job but are able to take a job and are currently seeking one.

People with part time jobs are considered employed.

Littleville has 1,000 residents, 600 are employed = 400 do not work but how many are considered unemployed:

400 - 240 (under age 16) - 10 (institutionalized) - 100 (are not looking for work, including students and homemakers) = 50 unemployed

Littleville's unemployment rate = number of unemployed / total labor force = 50 / (600 + 50) = 50 / 650 = 7.69%

6 0
3 years ago
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