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ankoles [38]
3 years ago
5

Havermill co. establishes a $470 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated recei

pts on that date represent $95 for office supplies, $181 for merchandise inventory, and $44 for miscellaneous expenses. the fund has a balance of $150. on october 1, the accountant determines that the fund should be increased by $94. the journal entry to record the establishment of the fund on september 1 is:
Business
1 answer:
sammy [17]3 years ago
3 0

Answer:

The journal entry to record the establishment of the fund on september 1 is:

  1 September                Petty Cash        $ 470 Dr.

                                                  Cash                  $ 470 Cr.

   31st September               Office supplies, $95 Dr.

                                          Merchandise inventory, $ 181 Dr.

                                        Miscellaneous expenses $ 44 Dr.

                                                        Cash                                            $320 Cr.

To reimburse Petty Cash

The journal entry to reimburse and to increase the fund are same .

October 1                   Petty Cash       $ 94

                                            Cash                      $ 94

To increase the Petty Cash by $ 94

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Government Spending
fomenos

Answer:

Business Taxes.

Explanation:

A change in business taxes is most likely to change both aggregate demand and aggregate supply.

Aggregate demand can be defined as the total amount of goods and services by consumers at a specific period of time and price level in an economy.

Aggregate supply can be defined as the total amount of goods and services an organization is willing to sell or provide to it's consumers at a specific price level.

When business taxes are imposed on businesses, such as manufacturing companies, these in turn affect the demand and supply framework (final goods and services).

Basically, business taxes causes shifts in demand and supply, which in turn affect the price and quantity of goods and services in an economy.

Hence, companies would either be forced to cut-down on the amount of goods and services provided, result to borrowing or downsizing their manpower. As a result of this, they won't be able to meet the demands of their consumers.

5 0
2 years ago
Melissa is the supervisor of customer service and she directly oversees the work of four customer service specialists. melissa w
antoniya [11.8K]
First line manager - This is because she is mandated with making short-term decisions directing the daily tasks of non-managerial personnel. She cannot make any major decisions concerning the production process. However, she is an important source of information about worker satisfaction for higher management to take into account in their organizational planning process.



8 0
3 years ago
Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for the company's product
mariarad [96]

Answer:

1.- For sofa it can pay at most 60 dollars per hours

2.- 17.5 per hours

3.- It should. It will create additional gains.

Explanation:

-                                   Recliner         Sofa Love Seat

Sales                                1,400         1,800 1,500

variable                                  800         1,200 1,000

Contribution                          600            600   500

Labor Hours                               8               10       8

Contribution \: per \: hour    75              60   62.5

1.- Contribution per hour 60 dollars for SOFA

it can pay up to this amount.

2.-

contribution per hour - labor cost per hour = net

62.5 - 45 = 17.5 Contribution Margin per hour

3.-

It should hire it. t is generating additional profit.

6 0
2 years ago
Who decides what goods and services should be produced and how those goods are to be produced in a command economy? individuals
GenaCL600 [577]

Answer: Government Officials

Explanation: In a command economy, no individuals, business owners & tribal leaders, but the government decides the goods & services for production to be helpful for the country's economy. The government & its officials take a call on -

i. what goods to be produced,

ii. In how much quantity those goods should be produced

iii. at what amount, it will reach the consumers

All productions are controlled & planned by the government, hence it is also called as planned economy.

8 0
3 years ago
Read 2 more answers
According to liquidity preference theory investment spending would rise if the price level
ANTONII [103]

Answer:

A.rose making the interest rate fall

Explanation:

According to the liquidity preference theory developed by John Keynes, if the money supply rises, price level also rises, interest rate falls. If interest rate falls, the price of bond rises which would increase capital gains. People would prefer to hold bonds instead of money, therefore, investment spending would rise.

The liquidity preference theory states that we hold money for transactive, speculative and precautionary motives.

4 0
3 years ago
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