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In Excel, the ###### error is shown when the data in the cell is too large to be displayed. This is easily fixed by adjusting the size of the column to fit the number.
Answer:
Journal Entry for establishing a Petty cash fund
Date Particulars Debit Credit
Jan 1 Petty cash A/c $270
To Cash A/c $270
(Being Petty cash fund established)
Journal Entry for reimbursement of petty cash
Date Particulars Debit Credit
Jan 8 Postage A/c $36
Transportation A/c $13
Delivery Expense A/c $15
Miscellaneous Exp A/c $25
To Cash A/c $89
(Being reimbursement of petty cash expenses
incurred from petty cash fund)
Journal entry for Increasing the limit of Petty cash fund
Date Particulars Debit Credit
Jan 8 Petty Cash A/c $50
To Cash A/c $50
(Being Petty cash fund limit extended to $320 i.e., we have
to add $50 to existing fund in order to make it $ 320.)
Answer:
Project A
Explanation:
There are two things to consider here when deciding on the project selection. First, the manager requirement to select the project which at least earns 12%.
Second, maximum return that could be generated from the project. This could be confirmed when determining which project has the highest Net present value (NPV). As NPV, is the difference between the present value of cash outflow (investment) and present value of cash inflow (returns) which is discounted at present time. If positive NPV is calculated then this means project is worthwhile.
Assessing the information given in the question, both projects earn at least 12%, therefore they both meet manager's requirements. While in case of Net present value Project A has the highest NPV and therefore suggest a better return on the project's investment in comparison to project B.
Hence, manager will likely choose Project A.
Answer:
The correct answer would be option D, Unlimited Personal Liability.
Explanation:
When a person sets up a new business on his own, without having any other person's involvement, or without any partnership, then he is solely responsible for all the profits he earns and all the losses he bears. He is completely responsible for all the liabilities, which is no doubt not a major advantage of being a sole proprietor. He has the full control over the business, he is the only decision maker, he also enjoys the profits solely, but besides all of these advantages, when it comes to debts or any damages, he is the one solely responsible for these debts and damages. This means he has the unlimited personal liability.
Answer:
U(x) = 10vx. If Andy eats 64 pieces of candy,
Explanation:
