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kramer
3 years ago
8

State two reasons for maintaining a petty cash

Business
1 answer:
Elanso [62]3 years ago
5 0

Explanation:

the main advantages are:: reduction in numbers of translations many expenses of small nature recorded in petty cash book, the number of transactions reduced in the cash.

reduction of errors :: as the head cashier check the accounts of previous month and gives advance for the coming months, does ,errors if any are reduced.

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In a command economy, which of the following determines for whom goods and services are produced?
adoni [48]
The goverment. because the goverment is responsible for everything! :)
6 0
3 years ago
In October, Glazier Inc. reports 42,000 actual direct labor hours, and it incurs $194,000 of manufacturing overhead costs. Stand
Olin [163]

Answer:

$18,000 F

Explanation:

Actual overhead– Overhead Budgeted=

Overhead Controllable Variance

Actual overhead=$194,000

Overhead Budgeted=$212,000

$194,000–$212,000

=$18,000 F

(40,000 ×$3.80) + $60,000

=$152,000+$60,000

= $212,000

Therefore the manufacturing overhead controllable variance is $18,000 F

3 0
3 years ago
What is bad loan AND What are the indicators of bad loans
vovangra [49]

Answer:

indicators-Says It’s Okay to Fudge Some Numbers,Pressures You into a Bigger Loan,Doesn’t Consider Your Monthly Income,Doesn’t Disclose Documents,Promises One Thing, Delivers Another,Says It’s Okay to Leave or Sign Blank Forms,Doesn’t Provide Copies

Explanation:

liquidity, financial and behavioral. Liquidity is a symptom and not a cause of financial problems. Liquidity issues are a lagging indicator and the strongest signal of trouble

6 0
3 years ago
A company had net cash flows from operations of $120,000, total cash flows of $500,000, and average total assets of $2,500,000.
Gemiola [76]

Answer:

cash flow on total assets ratio = 4.8 %

so correct option is a) 4.8%

Explanation:

given data

net cash flows = $120,000

total cash flows = $500,000

average total assets = $2,500,000

to find out

cash flow on total assets ratio

solution

we get here cash flow on total assets ratio that is equal to

cash flow on total assets ratio = Operating cash flow ÷ Average total assets   ..................1

put here value we get

cash flow on total assets ratio = \frac{120000}{2500000}

cash flow on total assets ratio = 4.8 %

so correct option is a) 4.8%

3 0
4 years ago
Shoe Biz allocates overhead based on machine hours. Selected data for the most recent year follow.
balu736 [363]

Answer:

A

Explanation:

is the answer I think because it is the nearest or I don't know because I am in kindergarten

6 0
3 years ago
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