in north american cities, distant suburbs are often preferred by the affluent and poorer households occupy high-density areas near the city center. thus, the trade-off model accounts for the trade-off between group of answer choices

Answers

Answer 1

The trade-off model mentioned in the statement accounts for the trade-off between the cost of housing and the distance from the city center, as well as other factors such as income and lifestyle preferences.

Specifically, the model suggests that households face a trade-off between the cost of housing and the distance from the city center, and they make housing location decisions based on their budget constraints, income levels and preferences.

The model suggests that affluent households can afford to pay more for housing, which allows them to live in more distant suburbs that offer larger homes and more privacy, while poorer households with lower budgets have to occupy high-density areas.

The model also suggests that lifestyle preferences, such as a preference for urban amenities, can affect the trade-off between cost and distance, leading some households to accept higher housing costs to live in or near the city center.

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Related Questions

Companies go through different phases to reach product/market fit. These phases are the:

A) the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B) idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
C) idea stage, the traction stage, the monetization stage, and the growth stage.
D) idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.

Answers

Answer: D is the correct answer.

Explanation: The different phases to reach the product/ market fit are:

The idea stage: It is the first stage, where the idea of a product comes into existence.The prototype stage: here, the idea converts into a modelThe launch stage: the product is launched in the market for the consumers.The traction stage: the initial progress of a startup and the momentum it builds as it grows.The growth stage: the consumers have accepted the product and are buying it.

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What is the yearly employer contribution to the
U.S. Medicare tax on a salary of
50,000 S/year ?
FICA Taxes
Social Security
Medicare
12.4%
2.9%
employer exployee employer employee
6.2%
6.2%
1.45%
1.45%
A. $3100
C. $725
B. $1450
D. $6200

Answers

The employer contribution to the U.S. Medicare tax on a salary of $50,000 per year is Salary x Medicare employer tax rate

What is the yearly employer contribution to the U.S. Medicare tax on a salary of 50,000 S/year ?

The formula "Medicare employer contribution = Salary x Medicare employer tax rate" is used to calculate the amount of money that an employer contributes towards Medicare taxes based on an employee's salary.

The Medicare employer tax rate is a percentage set by the government that employers must pay on top of their employees' salaries as part of their payroll taxes. As of 2021, the Medicare employer tax rate is 1.45% of an employee's total salary.

Medicare employer contribution = Salary x Medicare employer tax rate

= $50,000 x 1.45%

= $725.

Therefore, the correct answer is option C: $725.

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any five differences between partnership
and Joint Stock company​

Answers

Partnership firms has no separate legal existence. Partnership Firm and partners are the same. Joint Stock company has separate legal existence. It is an artificial person created by law.

here's your answer..

any five differences between partnershipand Joint Stock company

Which government action is related to fiscal policy?
A. Printing money
B. Setting tax rates
O C. Declaring war
D. Passing laws

Answers

Answer:

B. Setting tax rates

Explanation:

just took the quiz

In this, setting tax rates government action is related to fiscal policy.

Governments use fiscal policy instruments to affect the economy. These mainly include shifts in taxation and government spending amounts.

Taxes are being reduced while spending is being raised in order to promote development. This frequently entails financing through the issuance of government debt.

It is the strategy of government expenditure and taxation aimed at achieving long-term development.

Government has four main budgetary functions: allocation, distribution, economic growth, and stabilization.

Thus, the correct option is (B).

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An example of a job that involves working mainly with receipts and bills is a(n):
A. Pediatrician
B.Reporter
C.Bookkeeper
D. Child-care Worker

Answers

Answer: C. Book keeper

Your friend has been accepted into her #1 choice for college. She’s so excited that she doesn’t bother looking at her financial aid package and wants to confirm her spot right away. What do you tell her and why?

Answers

you should say that although you are beyond ecstatic for her, financial aid is vital for many who are applying to colleges. This could harm her in the long run if she continuously ignores the situation. It could create debt that she may not be able to pay off for many years so it is best that she looks into the financial aid plan before securing a spot

It's natural to be excited and want to confirm her spot right away, but I would suggest that she take the time to review her financial aid package before making any decisions.

What is importance of financial aid package?

It's important to understand the financial commitments and obligations that come with attending college, as it can have a significant impact on her future finances. By reviewing the financial aid package, she can get a better understanding of the costs of attending the college and the amount of financial aid she'll receive, including scholarships, grants, and loans.

If she doesn't take the time to review the financial aid package, she may end up with unexpected costs and debt that could have been avoided. It's important to make an informed decision about college and ensure that it's a financially sound decision.

Therefore, I would advise your friend to take the time to review her financial aid package and understand the costs and obligations of attending her dream college before confirming her spot.

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describe examples of factors influencing eyewitness accounts of events.

Answers

Eyewitness accounts of events can be influenced by various factors, including:Stress and Emotional State: High levels of stress or intense emotions during an event can impact the accuracy of an eyewitness's memory. Stress can impair memory retrieval and lead to distorted or incomplete recollections.Misleading Information: Exposure to misleading information after an event, such as leading questions or biased suggestions, can alter an eyewitness's memory.

Memory Decay: Over time, memories can fade or become less accurate. Eyewitnesses may forget specific details or inaccurately fill in gaps in their memory, leading to potential inaccuracies in their accounts.Weapon Focus: The presence of a weapon during a crime can draw an eyewitness's attention and focus on the weapon itself rather than other relevant details. This can lead to a less accurate or incomplete account of the event.Cross-Racial Identification: Research has shown that individuals may have difficulty accurately identifying faces of individuals from racial or ethnic groups different from their own. This can contribute to misidentifications or difficulties in providing accurate descriptions.Confidence.

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now, try to determine the dpmo associated with a stay at a hotel for the following scenarios. for each scenario, you should assume that the manager took a random sample of 100 customers. the process manager defined seven categories of defects corresponding to the seven stages of the service delivery process: hotel reservation, check-in, room cleaning, room supplies, tv, room service, and checkout. there were 200 customer complaints related to the seven categories of defects. what is the dpmo of this process? alternatively, assume that the process manger divided the seven categories into 33 specific types of defect opportunities that have occurred. there were 200 customer complaints related to the 33 defect opportunities. what is the dpmo of this process now? the process manager decided to add 10 other types of defect opportunities to the list of 33, even though these 10 defects have never occurred and are highly unlikely to occur. what is the dpmo of this process now? do we want dpmo to increase or to decrease? what happens to dpmo if we include opportunities for defects that never occur?

Answers

A quantitative calculation known as the defects per million opportunities (DPMO) measures the estimated process quality.

The required details for DPMO in given paragraph

A quality attribute that does not meet its specifications (for example, strength, width, or response time) is referred to as a defect. DPMO is conveniently expressed as opportunities per million units: Less than 3.4 faults per million opportunities are experienced by processes that are deemed highly capable (such as Six Sigma procedures) (or services provided).

It should be noted that reporting faulty parts per million (DPM) is different from defect parts per million (DPMO), which takes into account the likelihood that a unit under inspection may have numerous flaws of the same type or multiple types of defects.

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total economic profit is highest when the recycling production method is:____

Answers

The total economic profit is highest when the recycling production method is established. Recycling production includes collecting and reprocessing waste products into useful goods.

Recycling production includes collecting and reprocessing waste products into useful goods. It aids in the conservation of resources, energy, and natural resources, as well as the reduction of pollution. It is critical to our economy since it contributes to economic growth, job creation, and export revenue while also protecting the environment. Recycling is more expensive than other types of waste disposal, such as landfills and incinerators. However, it is cost-effective because it requires less money to manufacture a new product using recycled materials than to create it from scratch. Therefore, it is a win-win scenario for the economy and the environment because recycling lowers production expenses while also conserving resources. Recycling industries generate approximately 8.9 million jobs and approximately $186.6 billion in income in the United States alone. Recycling also conserves energy, which is critical in a world where energy prices are increasing. So, the total economic profit is highest when the recycling production method is established.

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How to make poultry farm?

Answers

Answer:

How to make a poultry farm

Explanation:

Steps:Choose the type of poultry bird to rearSelect a suitable farm location or siteProvide good housing/shelter for the birdsFeeding and medication of the poultry birdsMarketing and sales of the poultry birds

Necessary poultry equipments

FeederWater potLaying nestsHeater/incubatorFencingEgg handling nests

how do you find marginal cost? for 50 points

how do you find marginal cost? for 50 points

Answers

Marginal cost= change in total cost/change in quantity

the deadweight loss from a $3 tax will be largest in a market with?- inelastic supply and elastic demand.- inelastic supply and inelastic demand.- elastic supply and inelastic demand.- elastic supply and elastic demand.

Answers

As a result of discouraging consumers from buying things that are more expensive after the tax than they would have been without it, taxes generate deadweight loss.

In the scenario when supply is more inelastic, is the deadweight loss greater or smaller?

The consumer will be more responsible for paying the tax and there will be less deadweight loss the more inelastic the demand is in relation to supply. The provider bears the tax burden more heavily and the deadweight loss is reduced the more inelastic the supply is compared to the demand.

Which group, elastic or inelastic, is subject to taxes more severely?

Buyers bear the majority of the tax burden since supply is more elastic than demand. When demand is more elastic than supply, the producers bear the bulk of the tax burden. More strictly elastic factors like supply and demand are less elastic than revenue receipts.

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In which countries do people prefer discussing business during meals?​

Answers

Hehs donee estable menudo

A yo-yo spins around a circle of radius. 98m. It does 7 revolutions, and takes 21. 5 seconds. What is the yo-yo’s period?

Answers

The yo-yo's period is 3.07 seconds, representing the time it takes for one complete revolution.

To find the yo-yo's period, we need to determine the time it takes for one complete revolution.

Given that the yo-yo does 7 revolutions in 21.5 seconds, we can calculate the time for one revolution by dividing the total time by the number of revolutions:

Time for one revolution = Total time / Number of revolutions

= 21.5 seconds / 7

≈ 3.07 seconds

Hence, the yo-yo takes approximately 3.07 seconds to complete one revolution. This time period is known as the yo-yo period.

The period of an object in circular motion is defined as the time it takes for the object to complete one full revolution or cycle. In this case, the yo-yo completes one revolution in 3.07 seconds, so that is its period.

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Peter thinks that Sam is his best salesperson. When Sam's sales start to fall, Peter thinks, "It must just be a run of bad luck" and continues to give Sam high performance ratings.

Answers

Peter has been highly impressed with Sam's sales performance and considers him to be his best salesperson. Therefore, when Sam's sales start to decline, Peter is hesitant to believe that Sam is not performing at the same level as before.

He is willing to give Sam the benefit of the doubt and assumes that it is just a run of bad luck and continues to give Sam high performance ratings. However, Peter should take a closer look at Sam's sales performance and investigate further to determine what could be causing the decline in sales.

It is possible that Sam is not delivering the same level of performance as before and that Peter needs to provide additional coaching and support to get Sam back on track.

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a joint product should be processed after split-off if the blank . multiple choice question. incremental revenue after split-off exceeds the incremental processing cost after split-off revenue after additional processing exceeds the revenue at the split-off point total revenue exceeds the total incremental and allocated common costs

Answers

The correct answer is: "incremental revenue after split-off exceeds the incremental processing cost after split-off."

When a joint product is produced, it may be split into two or more products at a certain point in the production process known as the split-off point. After the split-off point, each product may undergo further processing to become a finished product.

To determine whether a joint product should be processed after the split-off point, several factors need to be considered, including the incremental revenue that can be generated by additional processing and the incremental processing costs required to achieve that additional revenue.

If the incremental revenue generated by further processing the joint product exceeds the incremental processing cost required to achieve that revenue, then it makes financial sense to process the product further. This is because the additional revenue generated will be greater than the additional cost incurred, resulting in a net increase in profits.

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The three services marketing are: internal, external and interactive.
a. true
b. false

Answers

It is a true statement that the three services marketing are: internal, external and interactive.

What is a services marketing?

Basically, a marketing refers refers those activities a company undertakes to promote the buying or selling of a product or service. It includes the use of  advertising, selling, and delivering products to consumers or other businesses; but some marketing are done by affiliates on behalf of a company.

However, the Services marketing refers to the form of marketing businesses that provide a service to their customers use to increase brand awareness and sales; it is categorized into an internal, external and interactive marketing.

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Vertical analysis of balance sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Line Item Description Current Year Previous Year
Current assets $2,800,000 $1,840,000
Property, plant, and equipment 5,200,000 6,072,000
Intangible assets 2,000,000 1,288,000
Current liabilities 1,800,000 1,380,000
Long-term liabilities 3,600,000 3,680,000
Common stock 980,000 920,000
Retained earnings 3,620,000 3,220,000

Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity. When required, round percentages to one decimal place.

Answers

The comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity will be

Description Prior Year Current Year Prior Year (%) Current Year  (%)

Cash                                                         0.00%         0.00%

Investments                                                 0.00%         0.00%

Inventories                                          0.00%         0.00%

Accounts receivable                                 0.00%          0.00%

Pre-paid expenses                                  0.00%        0.00%

TOTAL          1,840,000        2,500,000  20.00%         25.77%

Property            6,072,000        5,200,000  66.00%         53.61%

and equipment

Leasehold improvements                          0.00%         0.00%

Equity and other investments                       0.00%         0.00%

Less accumulated                                       0.00%         0.00%

depreciation (Negative Value)

Intangible Assets 1,288,000  2,000,000  14.00%     20.62%

Charity                                                          0.00% 0.00%

total                  9,200,000  9,700,000  100.00% 100.00%

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Vertical analysis of balance sheetBalance sheet data for Alvarez Company on December 31, the end of two

Sophia Corp. has a debt-equity ratio of 0.25. The company is considering a new plant that will cost $18 million to build. When the company issues new equity, it incurs a flotation cost of 5%. The flotation cost on new debt is 7.00%. What is the initial cost of the plant if the company typically uses 60% retained earnings?

Answers

The approximate initial cost of the plant is $28.36 million.

To calculate the initial cost of the plant, we need to consider the cost of equity, the cost of debt, and the weightings of each in the company's financing.

Given:

Debt-equity ratio = 0.25

Plant cost = $18 million

Flotation cost of equity = 5%

Flotation cost of debt = 7%

Retained earnings usage = 60%

First, let's calculate the weightings of debt and equity based on the debt-equity ratio:

Debt weighting = 0.25 / (1 + 0.25) = 0.20 (20%)

Equity weighting = 1 - Debt weighting = 1 - 0.20 = 0.80 (80%)

Next, we need to calculate the cost of equity adjusted for flotation cost:

Cost of equity = Cost without flotation cost / (1 - Flotation cost)

Cost of equity = 0.60 / (1 - 0.05) = 0.60 / 0.95 = 0.6316 (63.16%)

Similarly, we calculate the cost of debt adjusted for flotation cost:

Cost of debt = 0.60 / (1 - 0.07) = 0.60 / 0.93 = 0.6452 (64.52%)

Now, we can calculate the initial cost of the plant using the weighted average cost of capital (WACC):

WACC = (Equity weighting * Cost of equity) + (Debt weighting * Cost of debt)

WACC = (0.80 * 0.6316) + (0.20 * 0.6452) = 0.5053 + 0.1290 = 0.6343 (63.43%)

To find the initial cost of the plant, we divide the cost by the WACC:

Initial cost of the plant = Cost / WACC

Initial cost of the plant = $18 million / 0.6343 = $28,363,855.23

Therefore, the initial cost of the plant is approximately $28,363,855.23 or 28.36 million.

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Blank______ constrain a firm's ability to export its products by raising the price of the exported product, which could put the firm at a competitive disadvantage with domestic firms in that country. Multiple choice question

Answers

The answer would be Tariff barriers

On a loan of $32,000 at 7% interest for 6 months, how much do you wind up paying to pay off the loan?.

Answers

The amount to be paid at the end of the loan period will be $33,120. The rate of interest on the loan is given as per annum and hence the interest is to be calculated for 6 months.

Calculation of settlement amount of loan:

Given:

\(\rm Principal &= \$32,000\\\\Rate &= 7\%\:per\:annum\\\\Tenure = 6\:months\)

Interest is calculated from the following formula:

\(\rm Interest = Principal\times Rate \times Tenure\)

Hence the interest for the loan will be:

\(\begin{aligned}\rm Interest &= \$32,000\times 7\% \times 6\: months\\\\&= 32,000 \times \dfrac{7}{100}\times \dfrac{6}{12}\\\\&= \$1,120\end\)

The final payment for the loan will be the combination of principal and interest.

Therefore final payment = $32,000 +$1,120

                                        = $33,120

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Jonathan's father opens a fast food restaurant selling burgers and hot dogs. After a couple of years, Joe's sister designs a logo for the food outlet.
The logo shows a smiling cheeseburger wearing a white cap over the brand name. Everybody liked the design, and now Joe would like to register
the design as their own. How can Joe get the design registered?
A.
as a patent with the United States Patents Office
OB. as a trade secret with the United States Trade Office
OC. as a trademark with the United States Patents and Trademark Office
OD. as a brand name with the United States court of law
OE. as a copyright with the Copyright Office

Answers

Jonathan can get the design registered as a trademark with United States Patents and Trademark Office. Thus, Option C is the correct statement.

What is the importance of a registering a trademark?

Trademarking a logo is a simple process, but important considerations should be made before, during, and after the application filing process.

Logos are a distinct and important business asset that can make an unique impression on customers.

Therefore, in order to protect a logo and its unique identifier(s), business owners should think of trademarking a logo with the United States Patent and Trademark Office (USPTO). Option C is the correct statement.

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Answer:

C

Explanation:

These are the people that will give you the trademark.

Automation, robots, and technology are replacing human workers, especially in manufacturing
jobs. Is this change good or bad for Americans and the economy? Justify your response.

Answers

Answer:

It should be good.

Explanation:

Answer:

Bad

Explanation:

Robots replacing human workers means that more people will be unemployed, and they won't be able to afford the goods the robots make, so the businesses will have more goods than they can sell, which is bad for the economy.

How many job openings are projected for Community Health Workers across the
United States between 2019-2029?
64,900
7,600
362,600
2,109

Answers

Between 356,600 health workers across the us

In order to search the internet you need to use software referred to as a__?

Answers

Answer:

search engine

Explanation:

A search engine is software designed to search web pages on the internet. Search engines work to provide answers to information sought from the internet. They locate, organize, and present the information sought on a database called index.  

Yahoo and Bing are other examples of a search engine. It is the most known and most used.

You are financial managers of a company that produces printers. Currently, you are using NPV method to evaluate a 10-year project that will produce a new model. The WACC is 10% and the tax rate is 21%. 1. The project needs a set of machines that are worth $5 million. The company uses a 10-year straight-line depreciation method so that 100% of fixed assets will be depreciated by year 10. The fixed asset is estimated to be sold for $0.5 million at the end of year 10. 2. In the past two years, the company spent $800,000 in R&D to develop the new model. 3. The project will be partially financed with debt, and the interest to be paid every year would be $100,000. 4. If the new project is taken, it is expected that the current inventory level will increase by $1,500,000, account receivable will increase by $1 million, account payable increases by $800,000, and the minimum cash balance will increase by $0.5 million. 5. The net sales from this project will be $8 million per year, of which 20 percent will be from the lost sales of existing products. The variable costs of the production will be 30% of the net sales. 6. The project will require hiring a new manager, who will cost $100,000 per year. In addition, the firm needs to rent a new office for $50,000 a year. 7. Currently, the overhead of the firm is $500,000. And the accounting department will allocate 20% of this amount to the new project.
How much is the operating cash flow for the first year?
a. 3,265,000
b. 3,225,500
c. 3,146,500
d. 2,765,000
e. 2,646,500

Answers

The operating cash flow for the first year is $3,265,500. Therefore, option A is the correct answer.

The operating cash flow (OCF) for the first year of the project can be calculated using the formula:

OCF = (Revenue - Costs - Depreciation) × (1 - Tax rate) + Depreciation.

Here's how to calculate the OCF for the first year of the project using the given information:

Revenue = Net sales × (1 - Lost sales %) = $8,000,000 × (1 - 20%) = $6,400,000
Costs = Variable costs × Net sales + Fixed costs = 30% × $8,000,000 + $100,000 + $50,000 + 20% × $500,000 = $2,640,000
Depreciation = Fixed asset cost - Salvage value / Life = ($5,000,000 - $500,000) / 10 = $450,000

Substituting these values into the OCF formula:
OCF = ($6,400,000 - $2,640,000 - $450,000) × (1 - 0.21) + $450,000
OCF = $3,265,500

Therefore, the operating cash flow for the first year is $3,265,500. Therefore, option A is the correct answer.

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curtis is considering a project with cash inflows of 918, 867, 528, and 310 over the next four years respectively the relevant discount rate is 11 percent what is the net present value of this project if it the start up cost is 2100

Answers

The net present value (NPV) of Curtis's project is $120.09.

To calculate the NPV, first discount each cash inflow to its present value using the 11% discount rate. Then, subtract the initial startup cost from the sum of these present values.

1. Calculate the present value of each cash inflow:
- Year 1: PV = 918 / (1 + 0.11)¹ = 826.13
- Year 2: PV = 867 / (1 + 0.11)² = 704.52
- Year 3: PV = 528 / (1 + 0.11)³ = 379.64
- Year 4: PV = 310 / (1 + 0.11)⁴ = 200.90

2. Sum the present values: 826.13 + 704.52 + 379.64 + 200.90 = 2,111.19

3. Subtract the startup cost: NPV = 2,111.19 - 2,100 = $120.09

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Petty cash fund entries journalize the entries to record the following: check no. 12-375 is issued to establish a petty cash fund of $1,200. the amount of cash in the petty cash fund is now $396. check no. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $466; miscellaneous selling expense, $193; miscellaneous administrative expense, $121. (because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.) question content area a. journalize the entry to establish the petty cash fund. if an amount box does not require an entry, leave it blank. blankaccountdebitcredit blank - select - - select - - select - - select - question content area b. journalize the entry to replenish the petty cash fund. for a compound transaction, if an amount box does not require an entry, leave it blank.

Answers

The journal entries to establish and replenish the petty cash fund would be: Debit: Petty Cash Fund 500, Cash 476, Cash Short and Over 24; Credit: Cash 500, Petty Cash Fund 500, Office Supplies 212, Miscellaneous Selling Expense 156, Miscellaneous Administrative Expense 61.

a. Establish Petty Cash Fund:

Debit: Petty Cash Fund 500

Credit: Cash 500

b. Replenish Petty Cash Fund:

Debit: Cash 476

Debit: Cash Short and Over 24

Credit: Petty Cash Fund 500

Credit: Office Supplies 212

Credit: Miscellaneous Selling Expense 156

Credit: Miscellaneous Administrative Expense 61

a.  The initial sum of money placed in the petty cash fund is recorded in the journal entry used to create it. The full $500 is deducted from the petty cash pool, and the same amount is credited to cash.

b. The extra money added to the petty cash fund is noted in the diary entry to replenish it. The full $476 from the replenishment check is debited to the cash account.

The $24 discrepancy between the replenishment check and the fund's value is deducted from the Cash Short and Over account.

The full $500 is credited to the Petty Cash Fund. The sums shown in the summary of receipts are all credited to the accounts for office supplies, other selling expenses, and other administrative expenses.

Complete Question:

Petty Cash Fund Entries

Journalize the entries to record the following:

Check No. 12-375 is issued to establish a petty cash fund of $500.

The amount of cash in the petty cash fund is now $40. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $212; miscellaneous selling expense, $156; miscellaneous administrative expense, $61. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.)

a. Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank.

b. Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry, leave it blank.

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In providing ____,the government establishes and enforces the laws necessary for a market economy to function

Answers

Answer:

I think that's regulations

Henry wrote 24 checks in April. The bank charges $0.15 a check.
The monthly service charge for the checking account is $5. What
is the total of the fees Henry pays in April on his checking
account?

Answers

Answer: $8.60

Explanation:

Since Henry wrote 24 checks in April and the bank charges $0.15 a check, the amount paid on the check will be:

= 24 × $0.15

= $3.60

Furthermore, since the monthly service charge for the checking account is $5, the total of the fees Henry pays in April on his checking account will be:

= $5 + $3.60

= $8.60

Therefore, the total amount that Henry will pay will be $8.60.

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