Marigold Corp. established a $100 petty cash fund on August 1. On August 31, the fund had $11 cash remaining and petty cash receipts for postage $36, office supplies $31, and miscellaneous expense $19. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Aug. 31
Answers
Note that there is a difference of $1 between the original amount of the petty cash fund ($100) and the amount of cash remaining at the end of August ($11).
August 1:
Petty Cash 100
Cash 100
(To establish a petty cash fund of $100)
August 31:
Postage Expense 36
Office Supplies Expense 31
Miscellaneous Expense 19
Cash 87
Petty Cash 87
(To replenish the petty cash fund on August 31, and record the expenses)
The journal entry to establish the petty cash fund is recorded on August 1, with a debit to Petty Cash for $100, and a credit to Cash for $100.
The journal entry to replenish the fund on August 31 includes debits to Postage Expense, Office Supplies Expense, and Miscellaneous Expense for their respective amounts, and a credit to Cash for the total amount of the expenses ($86). The Petty Cash account is then credited for the same amount ($86) to bring the account back to its original balance of $100.
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Related Questions
if the risk premium on the stock market was 6.48 percent and the risk-free rate was 2.44 percent, what was the stock market return?
Answers
The stock market return in this scenario would be 8.92%
To calculate the stock market return given a risk premium of 6.48 percent and a risk-free rate of 2.44 percent, we can use the following formula:
Stock market return = Risk-free rate + Risk premium
Stock market return = 2.44% + 6.48%
Stock market return = 8.92%
Therefore, the stock market return in this scenario would be 8.92%. The risk premium represents the additional return that investors expect to receive for taking on the risk of investing in the stock market, while the risk-free rate represents the return on a risk-free investment such as a U.S. Treasury bond. By adding the risk premium to the risk-free rate, we can calculate the expected return on the stock market.
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A clothing company is considering whether a new technology will speed up their ability to fulfill customer orders. Which economic question are they focusing on?
What to produce?
How to produce?
Why to produce?
For whom to produce?
Answers
The economic question that this clothing company is focusing on is B. How to produce?
What are the economic production questions?The five economic questions concerning the production of goods and services for sale in an economic system include:
What to produce?How to produce?Why produce?For whom to produce?How will the system promote the progress of society or accommodate change?These economic questions need to be posed because of the scarcity of economic resources and the need to satisfy the needs of customers with goods and services that add value to society.
Thus, the economic question that this clothing company is focusing on is B. How to produce?
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Answer: How to produce?
Explanation:
time is limeted
Which of the following steps should you take after attending a college fair?
A. Take a break from dealing with colleges for two weeks.
B. Call every college that was represented at the college fair.
C. Make a decision about which college to attend that night.
D. Continue to research colleges on your own.
Answers
Answer:
D
Explanation:
The steps that can be taken after the college fair is to continue researching colleges on your own. Therefore, Option D is correct.
What is research?Research can be defined as "creative and methodical activity done to improve the body of knowledge."
It entails gathering, organizing, and analyzing data in order to improve understanding of a subject or problem.
Therefore, The steps that can be taken after the college fair is to continue researching colleges on your own. Option D is correct.
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Costs of partially completed units are accounted for in ______.
Answers
The costs of partially completed units are accounted for in work in process.
What is work in process?In accounting, a work in process refers to a partially completed goods that are typically turned from raw materials to finished products within a short period of time
In conclusion, the costs of partially completed units are accounted for in work in process.
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Alejandro Yago leased a Jeep for $209.00 per month for 60 months.He paid a deposit of $850.00, a title fee of $45.00, and a license fee of $60.00. The lease carried a stipulation charging $0.12 per mile for all miles over 60,000. Alejandro drove the Jeep 73,524 miles. What is the total cost of leasing the vehicle?
asap pls I need it
Answers
Answer:
$ 14,267.88
Explanation:
The total cost of leasing the jeep will be
Title fee : = $45.00
License fee: =$60.00
Monthly fees: $209.00 x 60 = $12,540
charges for miles above 60,000 miles (73,524 -60,000)
=$0.12 x 13524
=$1,622.88
Total cost = $45 +$60 + $12,540, + $1,622.88
Total cost = $ 14,267.88
a decreasing unemployment rate is associated with a growing economy.
Answers
Answer:
Explanation:
Unemployment has been a big trouble for India from a long time. The problem of unemployment is a global phenomenon, with international institutions like ILO predicting the rise in unemployment in India in upcoming years.
The study attempts to look after the effect of economic rise on unemployment rate in India. Gross Domestic Product has been acknowledge as an factor of economic growth for the consideration. The data regarding GDP and unemployment rate have been assembled from secondary sources like World Bank database.
Correlation and Regression analysis have been utilized to study the nature and degree of effect of economic development on unemployment rate. It has been seen that there is a strong negative correlation between economic growth and unemployment rate.
Also, it was seen that GDP accounts for 48% of cause of modification in unemployment rate. The sources are in line with the Okun’s law and the conclusions of studies considered in the previous .
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or problem 11, use the given information to write a linear equation. 11. The earnings of part-time employees at a local computer repair store can be modeled by the equation \( y=22 x+125 \), where \(
Answers
The linear equation \( y = 22x + 125 \) represents the relationship between the earnings (\( y \)) of part-time employees at the local computer repair store and the input or factor represented by \( x \).
To write a linear equation based on the given information, we'll use the equation provided:
\( y = 22x + 125 \)
In this equation:
- \( y \) represents the earnings of the part-time employees at the computer repair store.
- \( x \) represents the variable associated with a specific input or factor.
The equation is in the form of \( y = mx + b \), where:
- \( m \) is the slope of the line, which represents the rate at which earnings change with respect to the input variable \( x \). In this case, the slope is 22, indicating that for each unit increase in \( x \), the earnings increase by $22.
- \( b \) is the y-intercept, which represents the initial value or starting point. In this case, the y-intercept is 125, indicating that when \( x \) is 0, the earnings are $125.
So, the linear equation \( y = 22x + 125 \) represents the relationship between the earnings (\( y \)) of part-time employees at the local computer repair store and the input or factor represented by \( x \).
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Where would you measure angles?
A) Driveline components
B) Bolt
C) Fasteners
D) All of the above
Answers
Driveline components (option A) are where I would measure angles.
What is angle measurement?The amount of rotation from point A to point B is described as an angle measurement. It is important to mention that the if the rotation is carried in a clockwise direction, then such an angle is called a positive angle. If the rotation is carried out in the anticlockwise direction. Then such an angle is called a negative angle.
Driveline components are described as the various components in a vehicle that allows the wheels to rotate by transferring power to the wheels from the transmission. Angles are measured in a driveline and the angle is kept within one degree with respect to the other components.
It can be concluded that driveline components (option A) are where I would measure angles.
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What is one method that helps control online fraud? O A. Deleting odd emails before reading B. Reporting odd emails to police • C. Reporting odd emails as spam • D. Signing into email in many locations
Answers
Answer: C. Reporting odd emails as spam
Explanation:
the bargaining leverage of suppliers is greater when
Answers
Suppliers have more bargaining power when there are no good substitutes for the items supplied by the suppliers and the number of suppliers is small.
The idea is that the supplier's bargaining power in an industry affects the buyer's competitive environment and influences the buyer's ability to achieve profitability.
Strong suppliers can put buyers under pressure by raising prices, lowering product quality, and decreasing product availability.
Supplier bargaining power is high when suppliers are concentrated in comparison to buyers - when there are few suppliers and many buyers. If buyer switching costs - the cost of switching from one supplier's product to another supplier's product - are high, suppliers' bargaining power is high.
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When Peter purchases software, a. he can choose to not accept the EULA but still use it b. he is acquiring a license to use it on his computer c. he owns it outright d. he gains the legal right to share it with others
Answers
When Peter purchases software, he acquires a license to use it on his computer, subject to the terms and conditions specified in the EULA.The correct answer is option B.
When Peter purchases software, he is typically acquiring a license to use it on his computer. The End-User License Agreement (EULA) is a legal contract between the software publisher and the user, outlining the terms and conditions of use.
By purchasing the software, Peter agrees to abide by the terms specified in the EULA.
Choosing not to accept the EULA may restrict or prevent Peter from using the software altogether, as acceptance of the agreement is often a prerequisite for installation and usage.
The EULA defines the rights and limitations of the user, and it is important for Peter to carefully review its terms before making a purchase.
Ownership of the software generally remains with the software publisher or developer. Peter is essentially obtaining a license that grants him the right to use the software within the scope defined by the EULA.
This license is usually non-transferable, meaning Peter cannot sell or transfer the software to someone else without the explicit permission of the software publisher.
Additionally, sharing the software with others may not be covered by the license unless explicitly stated in the EULA. Peter should refer to the terms of the agreement to determine whether sharing the software is permitted or if additional licenses are required for each user.
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ray kroc’s development of mcdonald’s would be a good illustration of which form of innovation?
Answers
Ray Kroc's development of McDonald's would be a good illustration of process innovation.
Kroc's innovative approach was to standardize and streamline the fast-food restaurant business model, introducing efficient procedures and systems to increase speed and productivity. He transformed the traditional sit-down restaurant model into a fast-food model, which revolutionized the industry.
Kroc introduced the concept of assembly-line production, where each worker had a specific task to complete, reducing the time it took to serve customers. He also implemented innovative marketing strategies, such as sponsoring local sports teams and offering discounted meals to attract more customers. Kroc's process innovation led to a significant increase in sales and profits, which allowed him to expand McDonald's rapidly.
His innovative approach also set the standard for future fast-food chains, making McDonald's one of the most successful franchises in history.
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what do you think is the most challenging function being faced by a manager
Answers
Here are some of the most common challenges managers face and how to overcome them:
Decreased performance levels.
Being understaffed.
Lack of communication.
Poor teamwork.
Pressure to perform.
Absence of structure.
Time management.
Inadequate support.
Sales tax is calculated by multiplying the price of an item by the
withholding amount
income tax
tax rate
Answers
Explain
I am a tax person
Answer:
tax rate
Explanation:
got it right on test
Which two factors affect the amount of thermal energy an object has?
O A. The average kinetic energy of the particles of the object
B. The amount of space between the particles of the object
O C. The directions in which the particles of the object are moving
O D. The number of particles that make up the object
SLIRMIT
Answers
Answer:
A, maybe b or d
Explanation:
A because thermal energy is caused by the friction between particles so A is true. B as if you decrease space between particles then they will collide more increasing friction and therefore thermal energy and exactly the same the opposite way round. With D. If you increase the amount of particles then there are more to collide with each other and less space however this one is tricky as it also depends on whether the space increases or not. I would say A and B, they are more safe but C is also maybe true but more risky. C definitely not as the particles movement direction does not affect thermal energy. Hope this helps. Please let me know if this was correct.
Answer:
B.
The number of particles that make up the object
one
D.
The average kinetic energy of the particles of the object
Explanation:
Jill sells her business to Kyle and, as part of the agreement, promises not to engage in a business of the same kind within thirty miles for three years. This promise is most likely...a. an unreasonable restraint of tradeb. unreasonable in terms of geographic are and timec. unreasonable in terms of Kyle's "goodwill" and "reputation"d. valid and enforceable
Answers
The promise made by Jill not to engage in a business of the same kind within thirty miles for three years as part of her selling the business to Kyle is a "valid and enforceable" agreement.
What is an enforceable contract?An enforceable contract is a valid agreement that can be enforced by law. An agreement is said to be valid when the parties to it mutually understand and agree on the terms and conditions that govern their respective rights and duties as stipulated in the agreement. The understanding of the parties is indicated by the fact that they have signed the contract or done anything that shows that they intend to be bound by its terms and conditions.
According to the scenario, Jill sells her business to Kyle and agrees not to engage in a business of the same kind within thirty miles for three years. This is a valid agreement that can be enforced by law because the parties mutually understood and agreed on the terms and conditions that govern their respective rights and duties as stipulated in the agreement.
The promise made by Jill not to engage in a business of the same kind within thirty miles for three years as part of her selling the business to Kyle is a "valid and enforceable" agreement, and the agreement is valid because the parties mutually understood and agreed on the terms and conditions that govern their respective rights and duties as stipulated in the agreement.
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Suppose the general tool company issued a 30-year, 7 percent bond 8 years ago. the bond is currently selling for 96 percent of its face value, or $960. what is general tool’s cost of debt?
Answers
The bond is now trading for 960 and has a 22-year maturity. The following formula is used to determine the yield to maturity: 70+(1000960)/22(1000+960)/2=7.33%.
What do you mean by bond?Bonds are fixed- income investments that represent loans made to borrowers by investors( generally commercial or governmental). A bond is similar to a contract between a lender and borrower stating the conditions of a loan and the affiliated payments. Bonds are used by businesses, communities, countries, and autonomous governments to finance operations and systems. The parameters for the borrower's variable or fixed interest payments as well as the deadline by which the loan's star is anticipated to be repaid to the bond proprietor are frequently included in bond specifications.
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sales, marketing, and manufacturing are all types of software typically used by a(n) ______.
Answers
Answer: an enterprise
Explanation: An Enterprise is a word that deals with the business or the company and the sales, marketing, and manufacturing software are used by the company, not by the others.
What is the key to personal fulfillment in your job ?
Answers
to engage in lifelong learning
to interview people in the field
to reevaluate your career choice annually.
there remain regional differences in the corporate citizenship challenges facing businesses due to:
Answers
There remain regional differences in the corporate citizenship challenges facing businesses due to factors such as varying legal frameworks, cultural norms, economic conditions, and environmental concerns. These differences require businesses to adapt their corporate social responsibility (CSR) strategies to address the unique issues present in each region.
There are several factors that contribute to regional differences in the corporate citizenship challenges faced by businesses. One such factor is the cultural and social norms prevalent in a region. For example, some regions may place a greater emphasis on environmental sustainability, while others may prioritize economic growth over environmental concerns. This can lead to differences in the types of challenges faced by businesses operating in these regions.
Another factor that can contribute to regional differences in corporate citizenship challenges is the regulatory environment. Different regions have different laws and regulations governing corporate social responsibility, and businesses operating in these regions need to comply with these regulations. This can create unique challenges for businesses, depending on the nature of the regulations and how they impact the business's operations.
Infrastructure and resource availability can also play a role in the corporate citizenship challenges faced by businesses. For example, some regions may have limited access to renewable energy sources, making it more difficult for businesses to adopt sustainable practices. Similarly, regions with limited access to education and training resources may face challenges in developing a workforce that is equipped to address social and environmental issues.
Finally, geopolitical factors can also contribute to regional differences in corporate citizenship challenges. For example, businesses operating in regions with political instability may face challenges related to maintaining ethical business practices in an uncertain environment. Similarly, businesses operating in regions with a history of social conflict may need to address issues related to social justice and human rights.
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Why Is It Important to look at external sources of Information when exploring product and service information?
OA. They help you learn about examples of company product claims.
OB. They help you find unblased Information about the product's actual performance.
OC. They help you learn more about the product's competition.
OD. They help you find out where to purchase the product.
OE. They help you by telling you which product is right for you.
Answers
Answer:
OA They help you learn about examples of company product claims
Option 1: 1,811 square feet, 2-3 bedroom, 2 bath house that arrives in 4 modules. It includes the upgraded PEX piping and fiber cement siding that Xavier saw on the tour. The price for Option 1 would be $180 per square foot.
Option 2: 2,600 square feet, 3-4 bedroom, 3 bath house that arrives in 5 modules. It also includes the upgraded PEX piping and fiber cement siding. The price for Option 2 is $195 per square foot.
Sabrina also explains that Xavier must have certain things ready ahead of time, such as electric, sewer, and water systems, as well as a foundation in place. She gives him the name of a transport company that would oversee bringing Xavier’s modules to his house site. On your math sheet, complete the following problems that will help Xavier choose from the two options Sabrina has presented him:
Math Problem 3: Calculate the total price for Option 1
Use this formula to help you solve the problem:
Total Square Feet × Number of Square Foot=Total Price
Math Problem 4: Calculate the total price for Option 2
Use this formula to help you solve the problem:
Total Square Feet × Number of Square Foot=Total Price
Xavier contacts the transport company and is put in touch with one of the drivers, Kevin. Because the modules need to be connected quickly once they reach his build site, Xavier wants to know if he can have them all delivered on the same day. Kevin says that this would be possible using one truck per module. The fee for transporting each module is 20 cents per truck per mile, plus the cost of fuel. The factory is 350 miles from Xavier’s build site, and Kevin estimates that each truck will need $500 worth of gas.
On your math sheet, complete the following problem to help Xavier find out how much he will spend on transportation costs:
Math Problem 5: Calculate Xavier’s transportation cost to have the modules delivered on the same day
Use this formula to calculate Xavier’s cost:
[(.20 × miles)+500]× number of modules
Part 2: Job Board
Xavier is excited but knows this is a huge project. Help Xavier stay organized by creating a job board for him. A job board is like a bulletin board that holds important information about a big project. This way, he can see the important aspects of his job, along with his costs. To do this, you will be taking the answers to the math questions above and creating items that Xavier can hang on his job board to remind him of the choices he should make in this project. You may select to create your job board in poster form or digitally in a word processing document. Either way, the job board should include the following pieces of content:
A rough drawing of Xavier’s lot that includes the lot measurements provided above.
Make sure that you include the total area of the lot that you calculated in Math Problem 1 somewhere on this drawing.
A sketch of the prefabricated house option that you suggest Xavier purchases (either Option 1 or Option 2).
Make sure that you include his final price that you calculated in Math Problem 3 or 4.
Also, be sure to label the upgraded technology that was included in the option you chose so that Xavier can point it out to his building inspector when the time comes.
A graphic representation (photo, clip art, etc.) of a truck with the final transportation cost on it (this is the answer to Math Problem 5).
Answers
If the price is $180 per square foot, the price of the lot will be $3,240,000
How to find the price of the lotTo calculate Xavier cost, we need to first calculate the area of the lot (trapezium)
Area of the trapzium = 1/2(a+b)h
h is the height of the trapezium
a and b are the sides
Area of the trapezium = 1/2(175+185)*100
Area of the trapezium = 1/2(360)*100
Area of the trapezium = 18000 square foot.
If the price is $180 per square foot, the price of the lot will be 18000 * 180 = $3,240,000
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is the general rise in prices throughout an economy.
Answers
Answer:yes
Explanation:
Answer:
Yes
Explanation:
How is a decision-making grid an example of cost-benefit analysis?
Answers
Answer:
A decision-making grid is an example of cost-benefit analysis because it helps to weigh the costs and benefits of a particular decision. The grid outlines the various options available and provides a visual representation of the pros and cons of each option. The cost-benefit analysis helps to determine which option is the most beneficial and cost-effective.
Explanation:
Written evidence of the ownership of a piece of property
a
b
Non-verbal contract
Loan Sharking
Deed
c
d
Sublet
Answers
Answer:
Deed
Explanation:
A deed, when duly signed, is a written legal document that confers some property rights to the holder. A signed deed facilitates the transfer of property ownership to the new owner. The deed is written evidence that the signed holder has an interest or right to the property stated in the deed document.
The deed has to be entered into the public records; otherwise, ownership of the property will be vulnerable.
2.19 Billy Bob wants to gain some weight so that he can play football. Billy eats only milkshakes and spinach. Milkshakes cost him $1 each and spinach costs $2 per serving. A milkshake has 850 calories and a serving of spinach has 200 calories. Billy Bob never spends more than $20 a day on food and he always consumes at least 8000 calories per day. Which of the following is necessarily true?
(a) Billy Bob consumes at least 9 milkshakes a day.
(b) Billy Bob never consumes more than 6 servings of spinach a day .
(c) Billy Bob never consumes positive amounts of both goods.
(d) Billy Bob consumes only milkshakes.
(e) None of the above.
Answers
The statement that is necessarily true is Billy Bob consumes at least 9 milkshakes a day.Given,Milkshakes cost Billy Bob $1 each and spinach costs $2 per serving. A milkshake has 850 calories and a serving of spinach has 200 calories. Thus, option (a) is correct.
Billy Bob never spends more than $20 a day on food and he always consumes at least 8000 calories per day.To consume 8000 calories or more in a day, we must have 9 milkshakes in a day because each milkshake has 850 calories. 9 × 850 = 7650 calories. If Billy Bob eats at least 9 milkshakes a day, he still has $11 left, and if he spends all his remaining money on spinach, he can buy 5 servings of spinach (since each serving costs $2, 5 servings of spinach cost $10).5 servings of spinach cost him 5 × 200 = 1000 calories, and he has now consumed 8650 calories, which is more than the minimum required 8000 calories per day.Hence, the statement that is necessarily true is Billy Bob consumes at least 9 milkshakes a day. Thus, option (a) is correct.Note: If Billy Bob doesn't consume spinach, he will need to have at least 10 milkshakes a day to consume at least 8000 calories per day.
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At what annual rate would $49 have to be invested to grow to $922.25 in 21 years?
Answers
15% is annual rate would $49 have to be invested to grow .
How much is an annual percentage?
An interest rate is written as an annual percentage rate. It factors in variables like monthly payments to determine what proportion of the principal you'll pay annually. The yearly interest rate you'll pay if you have a balance on your credit card is referred to as the annual percentage rate (APR).The rate is computed as follows:
= ($ 922.25 / $ 49) 1 / 21 - 1
= 18.821428570.047619048 - 1
= 1.14999974 - 1
= 15%
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What are desirable qualities for office assistants to have?
Answers
Answer:
Good communication skills.
Organization skills.
Team player.
Interpersonal communication skills.
Detail oriented.
Positive, can-do attitude.
Flexible.
Ability to prioritize.
Explanation:
what factors affect the process of planning?
Answers
Answer:
Answer to the following question is as follows;
Explanation:
Several factors also influence the sort of planning application that must submit as well as the result of our planning permission.
Nature, animals, and biodiversity, as well as planning permission policies , Regulations, construction, and so on Statement of design, statement of design and accessibility, statement of design, statement of design, statement of design Environment Healthcare, Ecology
Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answers
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.