Answer:
C. The petty cashier must present all paid receipts to the company cashier in order to replenish the fund.
D. Any person wishing to withdraw funds from a petty cash fund must complete a petty cash receipt.
E. A petty cash receipt is sometimes called a petty cash ticket.
F. A petty cash receipt will have a signature line for the person receiving a disbursement from the fund.
Explanation:
A petty cash receipt is a form that is used in the documentation of cash payments from the petty cash box. The petty cash receipt is also referred to as the petty cash ticket.
The petty cashier must present all paid receipts to the company cashier in order to replenish the fund and any individual who wants to withdraw funds from a petty cash fund must complete a petty cash receipt.
The activity that causes changes in the behavior of costs is referred to as the activity ____________.
Answer:
"Index" is the right answer.
Explanation:
This same activity index gives a visual representation that results in improvement throughout the financial parameters. Indexes that seek to give or present a comprehensive overview including its economic situation.It, therefore, makes it possible for administrators to decide on appropriate feedback expenses.Thus the above is the correct answer.
Laws regulating conduct between private parties in matters like contracts, business, and domestic relations are called
Answer:
civil law
Explanation:
part of a country's set of laws which is concerned with the private affairs of citizens, for example marriage and property ownership, rather than with crime.
Accounts receivable, equipment, the building itself, and the land on which the building stands are examples of:
Answer: Assets
Explanation:
Assets are something that a business owns that is able to bring in money or is a store of value.
All the above mentioned items are considered assets as they fit this description.
Accounts receivable is a current asset which means it has a duration of a period or less.
Equipment, building and land are all fixed assets as they have a duration of more than one period.
You are required to prepare, through education and ongoing study, to achieve and maintain your expertise in the industry in order to be able to competently represent the Buyer. This is an example of
Answer:
reasonable care
Explanation:
From the question we are given an instance, whereby You are required to prepare, through education and ongoing study, to achieve and maintain your expertise in the industry in order to be able to competently represent the Buyer. This is an example of reasonable care.
Reasonable care can be regarded as degree of caution as well as attention which would be given to possible dangers by ordinarily prudent or rational person in similar circumstances. Instance of this is a first aider, which his duty is to care towards casualties so that he can exercise reasonable care as well as skill as regards providing first aid treatment.
Martina arrives for her first day at a new job. The hiring manager, Francisco, takes her on a tour of the building, introducing her to her new co-workers and showing her where the kitchen, meeting rooms, and her cubicle are located. After the tour, Francisco leaves Martina in her cubicle with the company's employee handbook, so she can read about the organization's policies and benefits. All these activities are part of
Answer:
orientation
Explanation:
All of these activities are part of orientation. This is the first thing that new employees have to go through after they are hired, when they start their first day on the job. In orientation, someone from the company takes you around the workspace and introduces you to the people that you will be working with as well as gives you a tour of the building. They also explain to you all the important details regarding the company and the position that you were hired to fill. This includes the organization's policies, benefits, precautions, etc. All of which is done so that you become familiar with how the company functions.
A sales invoice included the following information: merchandise price, $9,900; terms 1/10, n/eom, FOB shipping point with prepaid freight of $1,100 added to the invoice. Assuming that a credit for merchandise returned of $900 (before discount) is granted prior to payment and the invoice is paid within the discount period, what amount of cash should be received by the seller
Answer: $10010
Explanation:
The amount of cash that should be received by the seller will be:
($9900 - $900) = $9000
$9000 × 1% = $90
$9000 - $90 = $8910
$8910 + $1100 = $10010
Therefore, the amount of cash should be received by the seller will be $10010.
When making decisions, managers should consider all relevant benefits and relevant costs, which include: (Check all that apply.) Multiple select question. incremental costs. opportunity costs. historical costs. out-of-pocket costs. sunk costs.
Answer:
opportunity costs, incremental costs, out-of-pocket costs
Explanation:
The cost of the following finest possibility that is sacrificed is referred to as the opportunity cost. These are important considerations while deciding between two alternative options.The costs that the firm pays out of pocket are known as out of pocket charges. These are important considerations while making a judgment
The variation in costs between two decisions is referred to as incremental costs. All of these are important in making decisions.
Stewart Airlines is well known for providing excellent customer service to its flyers. The staff members inquire about each flyer's wants and needs and listen carefully to their responses. If a flyer has any specific requests, the staff members ensure that they are immediately attended to. In this scenario, Stewart Airlines illustrates _______, which has been found successful in spurring on the growth of customer relationship management.
Answer:
Personalisation
Explanation:
Personalisation of services in customer relationship is the act of anticipating the needs of the customer before they occur and providing this service in a timely fashion.
This results in increased customer benefits and greater loyalty.
In the given scenario Stewart Airlines provides excellent customer service to its flyers by inquiring about each flyer's wants and needs and listening carefully to their responses. If a flyer has any specific requests, the staff members ensure that they are immediately attended to.
This is personalisation of service
In the above problem, the proposed new branch will _______ overall risk exposure and produce a(an) ______ effect. Fill in the appropriate answers. Group of answer choices increases; economies of scale increases; economies of scope reduces; convergence reduces; geographic diversification
Answer:
reduces; geographic diversification
Explanation:
In the above problem, the proposed new branch will economics reduces overall risk exposure and produce a geographic diversification effect.
What is the beta of a three-stock portfolio that includes 25% of stock A with a beta of 0.90, 40% stock B with a beta of 1.05, and 35% stock C with a beta of 1.73
Answer:
the beta of a three-stock portfolio is 1.25
Explanation:
The computation of the beta of a three-stock portfolio is shown below:
= 25% of .9 + 40% of 1.05 + 35% of 1.73
= .225 + .42 + .61
= 1.25
Hence, the beta of a three-stock portfolio is 1.25
The same should be considered and relevant
Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP
Answer:
Date Account Title Debit Credit
XX-XX-XX Salary and Wages expense Rs. 55,000
Cash Rs. 55,000
The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,
Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.
In the ________________ economies, history, culture, and past actions determine the answers to the three economic questions. Group of answer choices
Answer:
Traditional.
Explanation:
Traditional economy is an economic system in which traditions and customs determine the practice of using limited resources. It is the oldest economic system of the world. In a traditional economy, land and capital are in common ownership, and the main economic problems of society - what, how and for whom to produce - are solved mainly on the basis of traditional tribal or semi-feudal hierarchical relations between people. This type of economy has survived in underdeveloped and industrially developing countries, in which socioeconomic stagnation is pronounced, society seeks to maintain the status quo.
Pam hires Will to acquire and deliver a shipment of doodlebugs within two weeks, with time being of the essence. Will receives the shipment of doodlebugs, but Tony offers Will more money for the doodlebugs than Pam offered. Will does not expect to receive any more doodlebugs before his delivery date for Pam. Will decides to deliver the doodlebugs to Tony and collect the larger payment. Will's choice is an example of...
Answer:
a violation of the duty to perform in good faith.
Explanation:
Since in the situation it is mentioned that pam hired will for purchasing and delivering the shipment within 2 weeks but at the same time tony offered more money so he decided to delivered to tony and in return he collect the larger payment amount so here will have done the violation with respect to the duty in order to perform in the good faith
A firm has a fixed production cost of $ and a constant marginal cost of production of $ per unit produced. What is the firm's total cost function? A. TC. B. TC(q). Your answer is correct.C. TCq. D. TC . The firm's average total cost (ATC) of production is
Answer:
a) We have:
The firms total cost function: TC = 5,000 + 500Q
Average cost: ATC = (5,000 / Q) + 500
b)The firm would choose to be very large if it wanted to minimize the average total cost.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
A firm has a fixed production cost of 5,000 and a constant marginal cost of production of 500 per unit produced.
a) What is the firms total cost function? Average total cost?
b) If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain.
The explanation of the answer is now provided as follows:
a) What is the firms total cost function? Average total cost?
Let Q represents quantity of output produced by the firm.
Since the marginal cost of production is constant, this implies:
VC = Variable cost = 500 * Q = 500Q
Also, we have:
FC = Fixed production cost = 5,000
Since TC = FC + VC, the total cost function (TC) can then be obtained as follows:
TC = 5,000 + 500Q
Since ATC = TC / Q, the average cost (ATC), can also be obtained as follows:
ATC = (5,000 / Q) + (50Q/Q)
ATC = (5,000 / Q) + 500
Therefore, we have:
The firms total cost function: TC = 5,000 + 500Q
Average cost: ATC = (5,000 / Q) + 500
b) If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain.
The firm would choose to be very large if it wanted to minimize the average total cost.
Because fixed expenses dominate total costs at low levels of output, average total cost starts out high. In terms of Mathematics, the denominator is so tiny that average total cost is huge. As fixed costs are spread over a larger quantity of output, the average total cost decreases. Therefore, the firm would choose to be very large if it wanted to minimize the average total cost.
To argue that schools should adjust their curriculum so that African, Asian, and indigenous accounts of history be incorporated with equal weight alongside European accounts is to advocate for
Answer:
racial justice and democracyExplanation:
I hope this answer will help you! I know the answer because I actually took this test last year.
Advocates for racial justice and democracy will say that schools should change their curricula so that Native American, Asian, and African historical perspectives are given the same weight as European ones.
What is the significance of racial justice?Prior to the early 1960s, the racial justice of equality was challenging for African, Asian, and Native Americans to achieve equality. Racial equality has, however, recently been included into laws that typically guarantee that everyone has access to equal chances in terms of treatment, education, work, and other facets of life.
It has been demonstrated that racial disparities in educational and economic performance have an adverse effect on the economic security of all Americans, regardless of race, in addition to having an adverse effect on the economic well-being of racial and ethnic minorities.
Therefore, it is racial justice and democracy.
Learn more about the democracy, refer to:
https://brainly.com/question/13158670
#SPJ6
Allocating resources including people, equipment and money to carry out the company’s plans is the _________function of management.
Answer: Organizing
Explanation:
One of the key functions of management is to organize the resources of the business in such a way that the business is moved forward and its goals are accomplished.
The manager does this by allocating those resources to various plans and projects in an efficient enough manner that would help the company achieve its goals.
The skills, knowledge, and experience of an individual or group and its value to an organization refers to _____.
Answer:
Human capital
refers to the economic value of the combined knowledge, experience, skills, and capabilities of employees
A _____ is a qualified individual who is not actively looking for work but might be interested if the right job comes along.
Answer:
passive job candidate
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Cyclical unemployment rate (CU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Natural Rate of Unemployment (NU).
A passive job candidate can be defined as a qualified individual with the requisite experience and academic degree who is not actively seeking for employment (work) but might be interested in taking up one, if the right job comes along. Thus, a passive job candidate isn't actively seeking employment but whom recruiter seeks out and as such may be open to a good career job or relevant opportunities.
A decline in the number of _______ jobs has helped create conditions leading to an increase in the number of high-poverty communities during the past few decades.
Answer:
manufacturing
Explanation:
The government of Diamza recently passed a law making it mandatory for any foreign company that wants to do business in its country to only use raw materials made in Diamza and only hire citizens. This is a type of _____ faced by companies that want to conduct business in Diamza.
Answer:
Police uncertainty
Explanation:
In the case when the diamza government pased the law that the foreign company wants to do the business so here it only use the raw materials and only hire the citizens so it represent the uncertainty of the police that faced by the companies wanted to conducted the business
So the same should be considered and relevant
Oriole Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $19800 Deposits in transit 950 Notes receivable and interest collected by bank 4880 Bank charge for check printing 100 Outstanding checks 12700 NSF check 1090 The adjusted cash balance per books on August 31 is $11780. $10790. $24440. $23490.
Answer:
$23490
Explanation:
Update the Cash Book by recording the items that appear in the Bank Reconciliation Statement and not in the Cash Book.
Cash Book
Debit :
Balance before adjustments $19,800
Notes receivable and interest $4,880
Totals $24,680
Credit :
Bank charge $100
Dishonored check $1,090
Balance (adjusted) $23,490
Totals $24,680
Your uncle passed away and left you and your siblings his private property. He owned a 180 acre ranch and there are 3 of you. Each acre is valued at approximately $3,000. This means the monetary value for each sibling will be:
Find the total value by multiplying total acres by price per acre:
180 x 3000 = $540,000
Divide total value by number of siblings:
540,000 / 3 = $180,000
Answer: $180,000
The consumer segment of ______ can be characterized as those who seek safer product alternatives because they want to prevent children from exposure to chemicals in the household.
The consumer segment of naturalite can be characterized as those who seek safer product alternatives because they want to prevent children from exposure to chemicals in the household.
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Answer:
naturalise
Explanation:
The consumer segment of naturalise can be characterized as those who seek safer product alternatives because they want to prevent children from exposure to chemicals in the household.
On October 31, 20X5, West Company received a condemnation award of $450,000 as compensation for the forced sale of a warehouse. On this date the warehouse, including the land on which it was situated, had a book value of $275,000. During December 20X5, West purchased a parcel of land for a new warehouse site at a cost of $125,000. West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of
Answer:
$175,000
Explanation:
Calculation to determine West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of
Using this formula
Gain on condemnation=Compensation for the forced sale-Book value
Let plug in the formula
Gain on condemnation=$450,000-$275,000
Gain on condemnation=$175,000
Therefore what should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of $175,000
The federal government released a report that says drinking coffee will make you smarter, at the same time fewer Central American are growing coffee beans. How will this situation look graphically?
Answer:
graph 7
Explanation:
As a result of the government's decree, there would be an increase in the demand for coffee. This would lead to a rightward shift of the demand curve. As a result, equilibrium price and quantity increases.
If fewer Central American are growing coffee beans, there would be a decrease in the supply of coffee. This would lead to a leftward shift of the supply curve. As a result, equilibrium price increases and quantity decreases.
Taking these two effects together, equilibrium price increases and there is an indeterminate effect on quantity
True or false: You have to pay to attend college?
Answer: Most of the time, yes.
Explanation: For most average college students you do have to pay, unless you receive a scholarship. But those are pretty hard to get so i recommend just robbing a bank (DONT ACTUALLY, VERY ILLEGAL)
If velocity is constant and, in addition, the factors of production and the production function determine real GDP, then: Group of answer choices nominal GDP is fixed. the price level is proportional to the money supply. real GDP is proportional to the money supply. the price level is fixed.
Answer:
the price level is proportional to the money supply.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.
In Economics, if velocity is constant and, in addition, the factors of production and the production function determine real gross domestic product (GDP), then the price level for goods and services is said to be directly proportional to the money supply in the economy.
Morgan Corporation purchased a depreciable asset for $600,000 on January 1, 2018. The estimated salvage value is $60,000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Morgan changed its estimates to a total useful life of 5 years with a salvage value of $90,000. What is 2021 depreciation expense
Answer:
Annual depreciation= $165,000
Explanation:
First, we need to calculate the accumulated depreciation at the end of 2020:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (600,000 - 60,000) / 9
Annual depreciation= $60,000
Three full depreciable years have passed.
Accumulated depreciation= 60,000*3= $180,000
Now, the annual depreciation with the revised information:
Book value= 600,000 - 180,000= $420,000
The useful life remaining is two years.
Annual depreciation= (420,000 - 90,000) / 2
Annual depreciation= $165,000
Property risks are those
A) risks in which loss is the only possible outcome
B) Financial losses that occur due to owing on a real estate investment
C) risks taken on by an investor that can be categorized as systematic or non-systematic
D) risks caused by a change in value caused by the timing and/or amount of expenses incurred versus those expected
Answer:
a
Explanation:
Property risk is an example of a pure risk.
Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks
Property risk is the risk that a person or company's property would be damaged or lost.
For example, if a building is set on fire or if a car is stolen
A perfectly competitive firm a. has a perfectly inelastic demand. b. has a perfectly elastic supply. c. Answers A and B are correct. d. Answers A and C are correct. e. sells a product that has perfect substitutes.
Answer:
b
e
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
