Answer:
Palmona Co Journal entries
1.
Jan-01
Dr Petty cash 150
Cr Cash 150
2.
Jan-08
Dr Postage expense 35
Dr Merchandise inventory 14
Dr Delivery expense 16
Dr Miscellaneous expenses 24
Cr Cash 89
3. Jan-08
Dr Postage expense 35
Dr Merchandise inventory 14
Dr Delivery expense 16
Dr Miscellaneous expenses 24
Cash 89
4.
Jan-08
Dr Petty cash 300
(450-150)
Cr Cash 300
Explanation:
1. To establish petty cash fund
2.To record reimbursement
3.To record reimbursement
4. To record increase in fund balance from 150 to 450
Answer:
The correct answer is $117,500
Explanation:
According to the scenario, the given data are as follows:
Sales for august = $110,000
Sales for September = $190,000
So, we can calculate the September cash receipts by using following formula:
Cash receipt from August = $110,000 × 55% = $60,500
Cash receipt from September = $190,000 × 30% = $57,000
Total cash receipt for September = Cash receipt from August + Cash receipt from September
= $60,500 + $57,000
= $117,500
Answer:
The correct answer is letter "A": functional.
Explanation:
Functional changes are implemented in products to improve the benefits of an existing good or service or to fix a recurrent problem the same product used to have. In the case of Sony's design for the new plasma television, it would allow the television's remote control to be easier to use, improving the consumer experience with the good.
Competition has an impact on prices of items being sold such that when competition is high, prices can get lower. This is because you want to keep up with other players and present your items as the affordable kind. when competitiion is low, prices are higher because your demand is high
