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True [87]
3 years ago
15

Replenishing the Petty Cash Fund

Business
1 answer:
liq [111]3 years ago
4 0

Answer:

Explanation:

Postage expense.           1320

freight out.                       1140

miscellaneous exp.           150

          Cash.                                          2610

to replenish petty cash account

note that pettty cash is only debited or credited when you are increasing Or decreasing the petty cash fund. This entry appears to be only replenishing the petty cash account.

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On may 1, newtown motors, a used-car dealer, wrote a letter to o'reilly, which stated, "we have a 1969 pontiac firebird in mint
Studentka2010 [4]
<span>I don't think there was any official contract set in place. It says they wrote a letter and said they'd sell it before June 1st. However, this wasn't a contract. It was only a letter of information. No one had a contract so no contract could have been breached.</span>
6 0
3 years ago
A depreciation of the u. S. Real exchange rate induces u. S. Consumers to buy:.
Galina-37 [17]

A depreciation of the u. S. Real exchange rate induces u. S. Consumers to buy more domestic goods and fewer foreign goods.

<h3>What is depreciation?</h3>

This is a term that is used to refer to the fall in the value of a currency. It is a fall in the currency of a country compared to that of other currencies.

At a time where there is a depreciation, people would want to buy more of the goods that are made in their country.

Read more on depreciation here:

brainly.com/question/25297296

8 0
2 years ago
Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $550,00
Colt1911 [192]

Answer:

10.23%

Explanation:

Calculation for What profit margin would the firm need in order to achieve the 15% ROE, holding everything else constant

First step is to calculate the Net income

.15 = Net income/ 375,000

Net income=.15($375,000)

Net income= $56,250

Now let calculate profit margin using this formula

Profit margin = Net Income/Sales

Let plug in the formula

Profit margin= $56,250/$550,000

Profit margin= 0.1023*100

Profit margin=10.23%

Therefore the profit margin that the firm would need in order to achieve the 15% ROE, holding everything else constant is 10.23%

3 0
3 years ago
A firm is considering a simple investment project. If it goes forward, then the firm must pay $6 million now and $4 million in o
Diano4ka-milaya [45]

Answer:

Explanation:

Giving the following information:

The firm must pay $6 million now and $4 million in one year. Two years from now the project is expected to pay back $5 million, and three years from now it is expected to pay back another $10 million.

Io= -6,000,000

1= 4,000,000

2= 5,000,000

3= 10,000,000

i=0.25

We need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf= cash flow

NPV= 5,520,000

The firm should do the project when the net present value is positive.

8 0
3 years ago
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following informatio
baherus [9]

Answer:

                               Job 765        Job 766

Direct material         $5,670          $8,900

Direct labor              $3,500          $4,775

Overhead                 $5,400          $8,800

                                (27*200)        (44*200)

Total Job cost          $14,570        $22,475

b) Cost per unit  = Total job cost/unit produced

Job 765 = $14,570/152 units

Job 765 = 95.86

Job 766 = $22,475/250 units

Job 766 = 89.90

8 0
3 years ago
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