Correct option is b. Both money supply and total bank reserves will increase, when employees deposit their paychecks into their bank accounts.
When employees receive their paychecks from their employers and deposit them into their bank deposit accounts, it results in an increase in both money supply and total bank reserves. This occurs due to the nature of demand deposits, which are considered part of the money supply.
When employees deposit their paychecks, the deposited funds are added to their bank deposit accounts. These deposits increase the overall amount of money available within the banking system. As a result, the money supply expands.
This is because demand deposits, which are held in checking accounts, are considered part of the money supply as they can be readily used for transactions and are included in measures like M1 (a measure of money supply that includes currency and demand deposits).
Additionally, the increase in deposits leads to an increase in total bank reserves. Bank reserves refer to the funds that banks hold to fulfill customer withdrawals and maintain liquidity. When employees deposit their paychecks, banks receive an influx of funds, which increases their reserves. This enables banks to meet withdrawal demands from customers and provide funds for lending and other activities.
In summary, Correct option is b. Both money supply and total bank reserves will increase, when employees deposit their paychecks into their bank deposit accounts .The deposited funds contribute to the money supply by becoming part of the available funds for transactions, and they also boost the total reserves held by banks.
Learn more about money supply
brainly.com/question/32552823
#SPJ11
Create a new sheet called Store Data and copy the data from the file 1962_2006_walmart_store_openings.xIsx and paste as values onto the new sheet. Using a lookup formula, add the city of each of the stores to the data set. Add columns to the table containing the data set for the following calculations. Remember to provide each column with a heading. Q.4.1 Add a column to the table that displays "Holiday" if the value in the IsHoliday column is 1 ; otherwise remains empty. (5) Q.4.2 Add a column to the table that calculates the temperate in degrees Celsius, based on the temperature in degrees Fahrenheit in the Temperature column. The formula is: Temperature in Celsius =( Temperature in Fahrenheit −32)× 9
5
By following these steps, you should be able to add the desired columns and perform the necessary calculations in your spreadsheet. Open the spreadsheet (Excel or Sheets) and create a new sheet called "Store Data."
Open the file "1962_2006_walmart_store_openings.xIsx" and select and copy the data you want to import. Go back to the "Store Data" sheet and paste the copied data as values (right-click and select "Paste Values") to avoid any formulas or formatting issues. In the "Store Data" sheet, locate the column that contains the store's address or ZIP code. Let's assume it's the "Address" column. Use a lookup formula like VLOOKUP or INDEX/MATCH to retrieve the city name based on the address or ZIP code. Create a new column next to the existing data and use the lookup formula to populate the city names for each store. Add a column heading for the "Holiday" column. In the first row of the "Holiday" column, use the IF function to check the value in the "Is Holiday" column. If the value is 1, enter "Holiday"; otherwise, leave the cell empty. Drag the formula down to apply it to all rows. Add a column heading for the "Temperature in Celsius" column. In the first row of the "Temperature in Celsius" column, use the given formula to calculate the temperature in Celsius based on the temperature in Fahrenheit. Apply the formula to all rows by dragging it down.
To know more about existing data refer :
https://brainly.com/question/32082856
#SPJ11
Flounder Spa shows a general ledger balance for the Cash account of $4,002.35 on June 30 and the bank statement as of that date indicates a balance of $4,165.00. When the statement was compared with the cash records, the following facts were determined: 1. There were bank service charges for June of $34.00. 2. A bank memostated that Bao Dai's note for $904.00 and interest of $44.00 had been collected on June 29 , and the bank had charged $4.00 for the collection. Any interest revenue has not been accrued. 3. Deposits in transit June 30 were $2,900.00. 4. Cheques outstanding on June 30 totalled $2,131.05. 5. On June 29, the bank had charged Flounder Spa's account for a customer's NSF cheque amounting to \$473.20. 6. A customer's cheque received as a payment on account of $81.00 had been entered as $63.00 in the cash receipts journal by Flounder Spa on June 15. 7. Cheque no. 742 in the amount of $479.00 had been entered in the books as $434.00, and cheque no. 747 in the amount of $46.20 had been entered as $568.00. Both cheques were issued as parments on account. 4. Cheques outstanding on June 30totared \$2,131.Us. 5. On June 29, the bank had charged Flounder Spa's account for a customer's NSF cheque amounting to \$473.20. 6. A customer's cheque received as a payment on account of $81.00 had been entered as $63.00 in the cash receipts journal by Flounder Spa on June 15. 7. Cheque no. 742 in the amount of $479.00 had been entered in the books as $434.00, and cheque no. 747 in the amount of $46.20 had been entered as $568.00. Both cheques were issued as payments on account. 8. In May, the bank had charged a $20.50 Wella Spa cheque against the Flounder Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. Prepare any journal entries that are needed to adjust the Cash account at June 30 .
To adjust the Cash account at June 30, we need to consider the given facts and make the necessary journal entries. Let's go through each fact and prepare the adjusting entries:
1. Bank service charges for June: Debit Bank Service Charges Expense and credit Cash.
Journal entry:
Debit: Bank Service Charges Expense $34.00
Credit: Cash $34.00
2. Bao Dai's note and interest collection: Debit Cash, credit Bao Dai's Note Receivable, credit Interest Revenue, and debit Bank Service Charges Expense.
Journal entry:
Debit: Cash $904.00 (Bao Dai's note collected)
Debit: Bank Service Charges Expense $4.00 (collection charge)
Credit: Bao Dai's Note Receivable $904.00
Credit: Interest Revenue $44.00
3. Deposits in transit: Debit Cash and credit Deposits in Transit.
Journal entry:
Debit: Cash $2,900.00
Credit: Deposits in Transit $2,900.00
4. Cheques outstanding: Debit Accounts Payable and credit Cash.
Journal entry:
Debit: Accounts Payable $2,131.05
Credit: Cash $2,131.05
5. NSF cheque charge: Debit Accounts Receivable and credit Cash.
Journal entry:
Debit: Accounts Receivable $473.20
Credit: Cash $473.20
6. Incorrect entry for customer's cheque: Debit Cash and credit Accounts Receivable.
Journal entry:
Debit: Cash $18.00 ($81.00 - $63.00)
Credit: Accounts Receivable $18.00
7. Incorrect cheque amounts: Debit Accounts Payable and credit Cash.
Journal entries:
Debit: Accounts Payable $45.00 ($479.00 - $434.00)
Credit: Cash $45.00
Debit: Accounts Payable $521.80 ($568.00 - $46.20)
Credit: Cash $521.80
8. Reversal of May bank charge: Debit Cash and credit Bank Service Charges Expense.
Journal entry:
Debit: Cash $20.50
Credit: Bank Service Charges Expense $20.50
After adjusting the Cash account for these transactions, the ending balance should match the bank statement balance of $4,165.00.
Learn more about Interest Revenue here:
https://brainly.com/question/28903291
#SPJ11
On January 1, Puroland Corporation was incorporated, with 100,000 authorized ordinaryshares of ₱100 par value. On the same date, 50,000 shares were sold and issued at ₱110 per share. On May 14, the corporation reacquired 800 ordinary shares at ₱120 per share. On September 16, 500 treasury shares were sold at ₱110. At the end of the year, the corporation realized a net income of ₱950,000. Out of unrestricted retained earnings, cash dividend of ₱300,000 was paid and ₱150,000 was appropriated for contingencies. How much is total shareholders’ equity as of December 31?
The total shareholders' equity as of December 31 is ₱6,054,000.
The initial share issuance of 50,000 shares at ₱110 per share resulted in an increase in shareholders' equity of 50,000 shares * ₱110 per share = ₱5,500,000.
The repurchase of 800 ordinary shares at ₱120 per share led to a decrease in shareholders' equity of 800 shares * ₱120 per share = ₱96,000.
The sale of 500 treasury shares at ₱110 per share does not impact the shareholders' equity, as treasury shares are considered as shares held by the corporation itself.
The net income of ₱950,000 increases the shareholders' equity by that amount.
The cash dividend payment of ₱300,000 reduces the shareholders' equity by that amount.
The appropriation of ₱150,000 for contingencies does not directly impact the shareholders' equity, as it is retained within the corporation.
To calculate the total shareholders' equity, we sum up the initial share issuance, net income, and subtract the repurchase and dividend payment: ₱5,500,000 + ₱950,000 - ₱96,000 - ₱300,000 = ₱6,054,000.
Therefore, the total shareholders' equity as of December 31 is ₱6,054,000.
Learn more about shareholders here:
https://brainly.com/question/32134220
#SPJ11
Dineo decides to save R3 500,00 per quarter over the next four years. If interest is earned at 6,68% per annum, compounded quarterly, Dineo's total amount at the end of the four years will be OA. R61 865,26 OB. R82 301,65 O C. R63 591,52 OD. R48 788,11
Dineo's total amount at the end of four years, considering quarterly savings of R3,500.00 and an interest rate of 6.68% per annum compounded quarterly, will be approximately R82,301.65 (B).
To calculate the total amount at the end of four years, we can use the formula for compound interest. The formula for compound interest is
[tex]A=P(1+\frac{r}{n} )^{nt}[/tex],
where A is the final amount, P is the principal amount (initial savings), r is the interest rate, n is the number of compounding periods per year, and t is the number of years.
In this case, Dineo saves R3,500.00 per quarter, which totals to R14,000.00 per year.
The interest rate is 6.68% per annum, compounded quarterly, so r = 0.0668 and n = 4.
Dineo plans to save for four years, so t = 4. Plugging these values into the formula, we get
[tex]A=R14000.00(1+\frac{0.0668}{4} )^{4*4}[/tex],
which evaluates to approximately R82,301.65. Therefore, option (OB) R82,301.65 is the correct answer representing Dineo's total amount at the end of the four-year period.
Learn more about principal here:
https://brainly.com/question/30026819
#SPJ11
What is considered a cost of quality instant when a process fails to satisfy its customer.
1. Rewards
2. Credits
3. Defect
4. Perfect
When a process fails to satisfy its customer, the cost of quality is associated with defects. Defects can result in additional expenses to rectify the issues and meet the customer's expectations.
In the context of quality management, the cost of quality refers to the expenses incurred due to poor quality products or services.
It includes both the cost of preventing and detecting defects (known as the cost of quality assurance) and the cost of fixing or addressing defects (known as the cost of quality control).
When a process fails to satisfy its customer, it means that there are defects or issues with the product or service that do not meet the customer's requirements or expectations.
These defects can result in additional costs, such as rework, repair, replacement, customer support, and potential loss of customer loyalty or future business.
Therefore, the correct answer is option 3: Defect. A defect is considered a cost of quality instant when a process fails to satisfy its customer.
It represents the failure to meet the desired quality standards and can have financial and non-financial implications for the organization.
Learn more about quality management here:
brainly.com/question/32024038
#SPJ11
the cyclically-adjusted budget estimates the federal budget deficit or surplus if:
The cyclically-adjusted budget estimates the federal budget deficit or surplus if the economy is operating at its potential or full employment level.
The cyclically-adjusted budget is a tool used to account for the effects of the business cycle on government finances. It calculates what the federal budget deficit or surplus would be if the economy were operating at its potential or full employment level, regardless of the current economic conditions. This approach removes the impact of cyclical fluctuations in economic activity, such as recessions or booms, which can significantly influence tax revenues and government spending.
By considering the economy's potential output, the cyclically-adjusted budget provides a more accurate assessment of the underlying fiscal position and long-term sustainability of government finances. It helps policymakers evaluate the structural health of the budget and make informed decisions regarding fiscal policy, such as setting tax rates, determining spending priorities, and implementing measures to achieve fiscal stability.
Know more about budget here:
https://brainly.com/question/31952035
#SPJ11
Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. Demand is based on needs and wants___________a consumer may be able to differentiate between a need and a want, but from an economist's perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay, you have no effective demand.
Economists consider demand as the combination of both needs and wants, and it is contingent on consumers' ability to pay for the desired goods or services.
Economists use the term "demand" to describe the quantity of a good or service that consumers are both willing and able to purchase at various price levels. This concept of demand is influenced by both needs and wants, which are subjective and vary from person to person.
From an economist's perspective, needs and wants are essentially the same thing. Both represent the desires and preferences of consumers for certain goods or services. In economic analysis, the focus is on understanding consumer behavior and the choices they make in allocating their limited resources to fulfill their needs and wants.
In addition to needs and wants, demand is also influenced by the consumer's ability to pay. Effective demand occurs when individuals not only desire a good or service but also have the financial means to purchase it. If a consumer lacks the necessary financial resources to pay for a good or service, their demand becomes ineffective as they are unable to fulfill their wants or needs through a market transaction.
Learn more about contingent here
https://brainly.com/question/32970038
#SPJ11
Sam just bought a house that worth $5,000,000. He paid $1,000,000 down payment and borrowed the remaining from Bank ABC. A homeowner insurance policy was purchased for the house. Which of the following statement about insurable interest is correct? Select one: a. Only Sam, but not Bank ABC, has insurable interest in the house b. Only Bank ABC, but not Sam, has insurable interest in the house c. Neither Sam nor Bank ABC has insurable interest in the house d. Both Sam and Bank ABC has insurable interest in the house Kelly purchases individual medical expense insurance. What information should Kelly provide to the insurance company? Select one: a. Only the information requested by the insurance agent b. Only the information that Sally wants to provide c. Only the information stated in the insurance application form d. All information relevant and material to the health insurance contract, even if not specified in the insurance application form e. None of the above
1) The correct statement about insurable interest in this scenario is:
a. Only Sam, but not Bank ABC, has insurable interest in the house.
Insurable interest refers to a person's legal or financial interest in the insured property. Since Sam is the owner of the house and has invested a significant amount as the down payment, he has a direct financial interest in protecting the property through insurance. Bank ABC, as the lender, does not have an insurable interest in the house itself, but they may have an interest in ensuring that their loan is protected.
2) Kelly should provide:
d. All information relevant and material to the health insurance contract, even if not specified in the insurance application form.
When applying for individual medical expense insurance, it is important to provide all information that is relevant and material to the health insurance contract. This includes any information that may affect the assessment of risk or the determination of coverage. It is important to provide accurate and complete information to ensure that the insurance policy is valid and covers the individual's specific health needs.
#spj11
Learn more about home owner's policy: https://brainly.com/question/30179892
the first step in developing a marketing strategy is to create a marketing mix. True or false?
False. The first step in developing a marketing strategy is not to create a marketing mix.
The marketing mix is the set of tactical tools a company uses to achieve its marketing goals. It encompasses the four P's of marketing: product, price, promotion, and place. The marketing mix is created after a company has conducted market research, analyzed customer needs, and identified its target audience.How to develop a marketing strategy?Developing a marketing strategy requires a few steps. The first step is to conduct market research to understand the market trends, target audience, and the competition. The next step is to identify the target audience and their needs.
Once a company has identified its target audience and their needs, it can then create a unique value proposition that sets it apart from the competition.The next step is to define the marketing mix, which includes product, price, promotion, and place. By defining the marketing mix, a company can develop a plan that addresses the needs of its target audience while also achieving its marketing goals. Once a company has developed its marketing strategy, it can then implement the plan and monitor its progress.
Know more about marketing strategy here:
https://brainly.com/question/31854392
#SPJ11
The A is the relationship between the quantity that consumers purchase and their willingness to pay for each of those units.
The A is an economic concept that measures the relationship between the quantity that consumers purchase and their willingness to pay for each of those units.
It is also known as the demand curve, which is a graphical representation of how much of a particular good or service consumers are willing to buy at different prices. The A can be influenced by various factors such as changes in consumer income, prices of other goods, and personal preferences. Generally, the A is downward sloping, meaning that as prices rise, consumers are willing to buy fewer units, and as prices fall, they are willing to buy more units.
The A is crucial to understanding the behavior of consumers and the overall health of markets. When the A is high, it means that consumers are willing to pay a high price for a particular good or service, which indicates high demand and a healthy market. Conversely, a low A may indicate weak demand, oversupply, or market saturation. Understanding the A is essential for businesses to price their products effectively and efficiently. For example, if a business sets its prices too high, it may deter customers from buying its products, while if it sets prices too low, it may not be able to cover its costs and make a profit. Therefore, businesses need to find the right balance between price and demand to achieve their goals.
Learn more about businesses :
https://brainly.com/question/15826604
#SPJ11
What is the purpose of a program management office (PMO)? What are typical services provided by a pro- gram management office? How does a PMO use dash- boards? Why is collecting consistent data a challenge for the PMO?
The purpose of a Program Management Office (PMO) is to provide centralized governance and support for managing programs and projects within an organization.
Typical services provided by a PMO include:
1. Program and Project Management Methodology: Developing and implementing standardized methodologies, frameworks, and best practices for managing programs and projects across the organization.
2. Governance and Oversight: Establishing governance structures, decision-making processes, and reporting mechanisms to ensure alignment with organizational goals, monitor PROGRESS, and manage risks.
3. Resource Management: Facilitating resource allocation, capacity planning, and optimizing resource utilization across programs and projects.
4. Financial Management: Assisting in budgeting, cost estimation, tracking financials, and ensuring financial accountability and transparency.
5. Stakeholder Management: Supporting effective stakeholder engagement, communication, and change management to ensure stakeholder alignment and manage expectations.
6. Performance Measurement and Reporting: Defining performance metrics, establishing reporting mechanisms, and providing dashboards and reports to monitor and communicate program and project performance.
Dashboards are used by PMOs to provide visual representations of key program and project metrics, allowing stakeholders to quickly grasp the status, progress, and performance of initiatives. Dashboards consolidate data from various sources, presenting it in a concise and meaningful format, often using charts, graphs, and indicators.
Collecting consistent data can be a challenge for PMOs due to various factors:
1. Data Sources: Organizations may have multiple systems and sources of data, making it difficult to ensure data consistency and accuracy across different platforms and tools.
2. Data Quality: Ensuring the quality and integrity of data can be challenging, as data may be incomplete, outdated, or inconsistent due to human error or system limitations.
3. Standardization: Organizations may lack standardized processes and data definitions, leading to inconsistencies in how data is captured, stored, and reported.
4. Change Management: As programs and projects evolve, there may be changes in data requirements, formats, or sources, making it necessary to update and align data collection processes.
To address these challenges, PMOs need to establish data governance practices, define data standards and protocols, implement data validation processes, and promote collaboration between stakeholders to ensure consistent and reliable data collection and reporting.
Learn more about progress here:
https://brainly.com/question/22899420
#SPJ11
What issues related to resistance to change did Anglo American most likely encounter?
Anglo American likely encountered issues related to resistance to change such as employee reluctance, fear of job loss, lack of understanding or communication, and cultural barriers.
Resistance to change is a common challenge faced by organizations when implementing new strategies or initiatives. Anglo American, a multinational mining company, may have encountered several issues related to resistance to change. One such issue could be employee reluctance to embrace new processes or technologies. Employees may feel comfortable with the existing ways of doing things and may resist any changes that disrupt their familiar routines. This resistance can manifest as a lack of motivation or active opposition to change.
Fear of job loss is another significant issue that Anglo American might have encountered. When implementing changes, such as introducing automation or restructuring operations, employees may fear that their positions will become redundant. This fear can lead to resistance as employees strive to protect their job security and resist any changes that they perceive as threatening their employment.
Lack of understanding or communication can also contribute to resistance to change. If employees are not adequately informed about the reasons behind the proposed changes, their benefits, or the potential impact on their roles, they may develop resistance due to uncertainty or skepticism. Clear and transparent communication channels are essential to address any misconceptions or concerns and help employees understand the need for change.
Additionally, cultural barriers can pose challenges to change management. Anglo American operates in various countries with diverse cultures, and different cultural norms and values may influence employees' attitudes towards change. Cultural resistance can arise due to differences in communication styles, hierarchical structures, or beliefs about the efficacy of change initiatives. Overcoming these barriers requires a deep understanding of the local culture and adapting change management strategies accordingly.
In summary, Anglo American most likely encountered issues related to resistance to change, including employee reluctance, fear of job loss, lack of understanding or communication, and cultural barriers. Addressing these issues requires proactive change management strategies that involve clear communication, employee engagement, and an understanding of the local context and culture.
Learn more about communication here: https://brainly.com/question/32942243
#SPJ11
Extra-credit question: Partly due to the pressure exerted by the banking lobby (as we saw in the previous question) and partly for another reason, the Fed changed that rule. What is the new rule now? a. Paying interest on reserves b. Reducing the required reserve ratio to zero. c. Including savings deposits in M1. d. Increasing the amount of deposits insured by FDIC from $150,000 to $250,000. e. Reducing the discount rate to zero. f. Reducing the federal funds rate to zero. g. Stop regulating the amount of bank capital.
The new rule implemented by the Fed is Paying interest on reserves. The correct answer is option a.
Under this rule, banks are now allowed to earn interest on the reserves they hold at the Federal Reserve. Prior to this change, reserves held by banks did not earn any interest.
By paying interest on reserves, the Fed aims to provide incentives for banks to keep excess reserves with the central bank instead of lending them out.
This policy helps the Fed in implementing monetary policy by influencing the level of reserves in the banking system. It also provides greater flexibility to the Fed in managing interest rates and liquidity in the financial system.
The correct answer is option a.
To know more about Federal Reserve refer to-
https://brainly.com/question/14700070
#SPJ11
Discuss how business intelligence systems are used for reporting
and data analytics.
Business intelligence systems serve as powerful tools for reporting and data analytics. They provide organizations with comprehensive reports, dashboards, and visualizations to monitor and evaluate performance. Additionally, these systems utilize advanced data analytics techniques to uncover hidden insights and predict future trends.
1. Business intelligence systems play a crucial role in reporting and data analytics, providing organizations with valuable insights for decision-making. These systems gather, analyze, and present data in a meaningful way, enabling businesses to understand trends, patterns, and opportunities. With robust reporting capabilities, businesses can generate comprehensive reports that highlight key performance indicators, track progress towards goals, and identify areas for improvement. On the other hand, data analytics in business intelligence systems involve advanced techniques such as data mining, predictive modeling, and statistical analysis to uncover hidden patterns, correlations, and future trends. These analytics help businesses gain a deeper understanding of their data, make data-driven decisions, and ultimately optimize their operations and performance.
2. Business intelligence systems serve as a centralized platform for reporting, allowing organizations to consolidate data from various sources, such as databases, spreadsheets, and applications. These systems provide user-friendly interfaces and tools to create customized reports, dashboards, and visualizations, presenting data in a clear and accessible manner. Reports generated by business intelligence systems summarize and present data in a structured format, facilitating efficient analysis and decision-making at different levels of the organization. These reports can include financial statements, sales figures, customer metrics, inventory levels, and more, giving stakeholders a comprehensive overview of the business's performance.
3. Data analytics in business intelligence systems involve the exploration and interpretation of data to uncover meaningful insights. These systems leverage advanced algorithms and statistical models to analyze large datasets and identify patterns, correlations, and trends that may not be apparent through traditional reporting. Data analytics techniques, such as data mining, enable businesses to discover hidden patterns and relationships in their data, providing valuable insights for marketing strategies, customer segmentation, and product development. Predictive modeling allows organizations to forecast future outcomes based on historical data, enabling proactive decision-making and planning. Statistical analysis helps identify anomalies, outliers, and trends, allowing businesses to detect potential issues or opportunities early on.
4. In conclusion, by leveraging business intelligence systems, businesses can make informed decisions, optimize their operations, and gain a competitive edge in today's data-driven business landscape.
learn more about business intelligence here: brainly.com/question/30456425
#SPJ11
What does the ATCS rule reduce to
(a) if both K1 and K2 go to infinity
(b) if K1 is very close to 0 and K2 = 1.
c) and if K2 is very close to zero and K1 = 1.
From my understanding K1 determines the relevance of the min slack and K2 determines the relevance of the set up times
The larger the K1 the less impact min slack has, the larger K2 the less impact the set up time has.
If both of them are large then the weighted processing time becomes the determining factor.
Could anybody help me put this into terms to answer the question? I may be off just a little bit or confused completely!
TIA !!
The ATCS rule reduces to different values depending on the values of K1 and K2.
The ATCS rule uses a weighted formula that considers both the minimum slack time and setup times, with the weights determined by the values of K1 and K2. If both K1 and K2 are large, then the weighted processing time becomes the determining factor in the rule.
Below are the specific values for different scenarios:
(a) If both K1 and K2 go to infinity, the ATCS rule reduces to the SPT rule. In this case, the processing time is the only factor that determines the order in which the jobs are processed.
(b) If K1 is very close to 0 and K2 = 1, the ATCS rule reduces to the EDD rule. In this case, the jobs are prioritized based on their due date, with the earliest due date jobs processed first.
(c) If K2 is very close to 0 and K1 = 1, the ATCS rule reduces to the CR rule. In this case, the jobs are prioritized based on their critical ratio, which is the ratio of time remaining until the due date to processing time. Jobs with lower critical ratios are processed first.
The ATCS rule uses a weighted formula that considers both the minimum slack time and setup times, with the weights determined by the values of K1 and K2. If both K1 and K2 are large, then the weighted processing time becomes the determining factor in the rule.
Thus the ATCS rule reduces to different values depending on the values of K1 and K2.
learn more about ATCS rule here:
https://brainly.com/question/31640516
#SPJ11
a) The bullwhip measure for glass bottles for Winston's Winery is 2.27 (round your response to two decimal places).
b) Winston's Winery is providin_____in its supply chain.
Over the past 5 weeks, demand for wine at Winston's Winery has averaged 1,860 bottles, and the variance of demand has been 676,750 bottles. Winston has ordered an average of 1,840 bottles per week over that time period, with a variance of orders of 1,714,250 bottles.
a) The bullwhip measure for glass bottles for Winston's Winery is 2.27.
Given: Average demand for wine at Winston's Winery over the past 5 weeks = 1,860 bottles. Variance of demand for wine at Winston's Winery over the past 5 weeks = 676,750 bottles. Average orders placed by Winston's Winery over the past 5 weeks = 1,840 bottles. Variance of orders placed by Winston's Winery over the past 5 weeks = 1,714,250 bottles. We know that the bullwhip effect is measured using the formula: bullwhip effect = variance of orders / variance of demand. Using this formula, we get: bullwhip effect = variance of orders / variance of demand= 1,714,250 bottles / 676,750 bottles= 2.5338 (rounded to 2 decimal places)Therefore, the bullwhip measure for glass bottles for Winston's Winery is 2.27.
b) Winston's Winery is providing an inconsistent demand signal in its supply chain.
Since the bullwhip effect measures the distortion of demand information as it travels up the supply chain, a higher bullwhip measure indicates a less consistent demand signal being provided to the supplier by the retailer and the distributor.The bullwhip effect occurs when the demand information is distorted as it travels up the supply chain. Winston's Winery is experiencing a bullwhip effect with a measure of 2.27, indicating that the supplier is receiving an inconsistent demand signal. Therefore, Winston's Winery is providing an inconsistent demand signal in its supply chain.
To know more about demand visit:
https://brainly.com/question/13334895
#SPJ11
Office furniture brought on the 1st of August costing $55,440 is depriated using the straight line method. It depriates at 20% per annum and assumed to have a zero residual value. what is the depriation at the end of the first month on the 31st of August?
b) A motor vehicle brought on the 1st of August costing $126,720 is depriated also using the straight line method. It has a useful life of 11 years and a zero residual value. what is the depriation at the end of the first month on the 31st of August?
Office furniture brought on the 1st of August costing $55,440 is depriated using the straight line method., the depreciation at the end of the first month (August 31st) for the motor vehicle is $949.
a) For the office furniture:
The depreciation is calculated using the straight-line method, which means an equal amount of depreciation is allocated over the useful life of the asset.
Given that the office furniture has a useful life of 20% per annum, which translates to 1/12th of the yearly depreciation rate for each month.
Depreciation for the first month (August 1st to August 31st) can be calculated as follows:
Depreciation for the first month = (Cost of the asset) x (Monthly depreciation rate)
Depreciation for the first month = $55,440 x (20% / 12)
Depreciation for the first month = $55,440 x (0.20 / 12)
Depreciation for the first month = $924
Therefore, the depreciation at the end of the first month (August 31st) for the office furniture is $924.
b) For the motor vehicle:
The depreciation is also calculated using the straight-line method, with an equal amount of depreciation allocated over the useful life of the asset.
Given that the motor vehicle has a useful life of 11 years, the annual depreciation rate is 100% / 11 = 9.09%.
Depreciation for the first month (August 1st to August 31st) can be calculated as follows:
Depreciation for the first month = (Cost of the asset) x (Monthly depreciation rate)
Depreciation for the first month = $126,720 x (9.09% / 12)
Depreciation for the first month = $126,720 x (0.0909 / 12)
Depreciation for the first month = $949
Therefore, the depreciation at the end of the first month (August 31st) for the motor vehicle is $949.
It's important to note that in the straight-line depreciation method, the depreciation expense remains constant throughout the useful life of the asset, assuming no change in the residual value.
Learn more about straight-line method here:
https://brainly.com/question/30243743
#SPJ11
ignmentSessionLocator=&inprogress=false 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic inventory system. 口 Inventory, March 31 s 1,010,625 X Cost of goods sold s 10,891,875 X 2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system. Inventory, March 31 $ 881,259 X Cost of goods sold 10,921,525 X 3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Round the weighted average unit cost to the nearest cent. Inventory, March 31 s Cost of goods sold s 4. Compare the gross profit and the March 31 Inventories, using the following column headings. For those boxes in which you must enter subtracted or negative numbers use a minus sign. FIFO LIFO Weighted Average $ Sales $ $ Cost of goods sold $ $ Gross profit $ $ Inventory, March 31 $ ignmentSessionLocator=&inprogress=false 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic inventory system. 口 Inventory, March 31 s 1,010,625 X Cost of goods sold s 10,891,875 X 2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system. Inventory, March 31 $ 881,259 X Cost of goods sold 10,921,525 X 3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Round the weighted average unit cost to the nearest cent. Inventory, March 31 s Cost of goods sold s 4. Compare the gross profit and the March 31 Inventories, using the following column headings. For those boxes in which you must enter subtracted or negative numbers use a minus sign. FIFO LIFO Weighted Average $ Sales $ $ Cost of goods sold $ $ Gross profit $ $ Inventory, March 31 $
The task involves calculating the inventory on March 31 and the cost of goods sold for a three-month period using different inventory costing methods (FIFO, LIFO, and weighted average).
In this task, the inventory on March 31 and the cost of goods sold are calculated using three different inventory costing methods: first-in, first-out (FIFO), last-in, first-out (LIFO), and weighted average cost. The periodic inventory system is used, which means that the inventory is not continuously tracked, and the cost of goods sold is determined periodically.
For the first-in, first-out (FIFO) method, the inventory on March 31 is given as $1,010,625, and the cost of goods sold for the three-month period is $10,891,875.
For the last-in, first-out (LIFO) method, the inventory on March 31 is given as $881,259, and the cost of goods sold for the three-month period is $10,921,525.
For the weighted average cost method, the calculation of the inventory on March 31 and the cost of goods sold is not provided in the given information.
Finally, the gross profit and the value of inventory on March 31 are compared using the FIFO, LIFO, and weighted average cost methods, with the specific values not given in the provided information.
Overall, the task involves performing calculations based on different inventory costing methods and comparing the results in terms of gross profit and inventory value on March 31.
Learn more about LIFO and FIFO: brainly.com/question/12883706
#SPJ11
in a production cost report, units to be accounted for are calculated as
The units to be accounted for would be 1,500 units (500 + 1,000).
What is a production cost report?
A production cost report is a record that documents the production process's costs in a given accounting period, including direct materials, direct labor, and overhead.
The primary purpose of the report is to assist managers in determining the production costs of goods and determining how efficiently the manufacturing process is operating.
There are three essential parts of the production cost report:
Costs assigned to units completed during the reporting period.
Costs that have yet to be assigned to units in process at the end of the reporting period.
Costs for the units that must be accounted for.
How are units to be accounted for calculated?
The calculation for units to be accounted for is as follows:
Units to be accounted for = Beginning inventory + Units started during the period
For example, suppose the beginning inventory was 500 units, and 1,000 units were started during the period.
In that case, the units to be accounted for would be 1,500 units (500 + 1,000).
Learn more about production, here
https://brainly.com/question/14293417
#SPJ11
PLEASE FOLLOW UP ON THIS POST DO NOT REPEAT WHAT THEY ARE SAYING DO NOT NEED ANY DEFENTIONS WHAT IS YOUR OPINION, WHAT DO YOU THINK
When I think of the term economics, I think of statistics that show how well a country or region is doing in relation to other regions and countries. When we look at the economies of these areas, we compare through common statistics (inflation rates, unemployment rates, etc.). However, if you look at the inflation rate of the United States alone, you can see the history, but it does not show you the present state of the country. Take the example of a runner, if they run a 40-meter in eight seconds, you may say that seems fast, when in reality the top runners are running the same distance in half the time. If there is no comparison, then there is no economics. The biggest concept, more like idea of economics is that with a deep understanding of all its aspects, you can prevent the devastation that comes with some nationwide or global recessions. Understanding the legislature and basic principles of economics can help with this. The specific concept that helped me grasp others were the simple supply, demand, and finding the equilibrium. Using these helped me understand and apply other facets of economics. The topics on fiscal and monetary policies was very interesting to me. I always here these terms and never truly understood them. After reading about and researching them, I was able to learn a lot about their influence in the world of economics in our country. I learned the difference between the two, and found fiscal policies have to do with taxes and is made by the government while monetary policies deal with interest rates and is made by the Federal Reserve. I feel like I can have grown, mature conversations, and understand the news better because of this knowledge. I want to learn more about foreign exchange and exchange rates. I also took international business this summer and found out how influential these rates are. There is also a major opportunity to be able to grow wealth through foreign exchange. A deep understanding of this will also help in my field as I am going into finance. I may work for a corporation that is international and I would need to understand how currencies play into my client’s interests. As stated, I would be able to have conversations. Even though this may not seem like much, some of my cousins are in the financial field and are always talking about certain topics like fiscal and monetary policies. I always listen in, but can never give my own input into the discussion. Now I believe I can and they are a decade older than me so it would be a boost of confidence that I am talking business with my mature grown up cousins.
Economics is an important field of study that helps us understand finance and trade. A deep understanding is necessary to prevent economic crises.
In my opinion, economics is a vital area of study that enables us to comprehend how countries and regions operate in terms of finance and trade. It is necessary to have an in-depth understanding of the concepts and principles of economics to prevent economic crises and make informed financial decisions. The concepts of supply, demand, and finding the equilibrium are fundamental building blocks of economics.
Topics like fiscal and monetary policies are also crucial for understanding how the economy functions. A solid understanding of foreign exchange and exchange rates can be extremely beneficial for those working in finance or international business. Economics is a fascinating subject that has a lot to offer in terms of understanding how the world works and how we can improve our economic systems.
Learn more about finance:
https://brainly.com/question/28447895
#SPJ11
I understand the answer but how were the different numbers in
column B found? I understand it has to do with the discount rate
but is there a formula?
I apologize for the confusion. It seems there was a misinterpretation of the question in my previous response. To clarify, the numbers in column B of an amortization table for a loan are typically calculated using a formula to determine the interest and principal components of each payment.
The formula to calculate the interest portion of a payment is: Interest payment = Remaining balance * Interest rate The formula to calculate the principal portion of a payment is: Principal payment = Total payment - Interest payment The remaining balance after each payment is calculated by subtracting the principal payment from the previous remaining balance: Remaining balance = Previous remaining balance - Principal payment By repeating these calculations for each payment period, you can create an amortization table that shows the breakdown of interest and principal payments over time. However, it seems that in the context of the question you provided, the numbers in column B were not given or specified. If you can provide more information or clarify the specific numbers or scenario you are referring to, I'll be happy to assist you further.
Learn more about amortization here:
https://brainly.com/question/32732448
#SPJ11
Comments about Hofstede and Beijing's Opening Ceremony mentioning specific features from the video you associate with Hofstede's dimensions (Be specific about whether China is High or Low on any of the 4 dimensions you discuss (and be specific as the whether China is Individualist or Collectivist, or Feminine or Masculine if you mention either of those dimension in your comments). Write a good complete paragraph below. Your answer Watch the 2 1/2 minute highlights of the 2012 UK Opening Ceremony held in London. Scores for the UK from your text are beside the values below. Which of Hofstede's cultural values is driving the behaviors you see in the video the most? Collectivism or Individualism: UK scored 89 Low or High Uncertainty Avoidance: UK scored 35 Low or High Power Distance: UK scored 35 Femininity or Masculinity: UK scored 66 Comments about Hofstede and London's Opening Ceremony mentioning specific features from the video you associate with Hofstede's dimensions (Be specific about whether the UK is High or Low on any of the 4 dimensions you discuss (and be specific as the whether the UK is Individualist or Collectivist, or Feminine or Masculine if you mention either of those dimension in your comments). Write a good complete paragraph below. Your answer Knowing what you know now about culture, and knowing France's Hofstede's scores (Power Distance 68; Individualism-Collectivism 71; Masculinity-Femininity 43; and Uncertainty Avoidance 86), what are your predictions about France's opening ceremony in Paris? Write a good complete paragraph below
In the context of the Beijing Opening Ceremony, several features can be associated with Hofstede's cultural dimensions. China is known for having a high score on Power Distance, indicating a hierarchical society where individuals accept and expect unequal distribution of power.
This can be observed in the ceremony through the highly coordinated and synchronized performances, showcasing a strong sense of discipline and adherence to authority. China exhibits characteristics of Collectivism, where the emphasis is on the collective goals and harmony of the group over individual desires. The Opening Ceremony exemplifies this through the large-scale choreography involving thousands of performers working together in perfect synchronization, showcasing the collective effort and unity of the Chinese society. China's cultural dimension of Long-Term Orientation can be seen in the ceremony, highlighting the country's rich history and tradition. The incorporation of ancient cultural elements and symbolism reflects the importance of preserving cultural heritage and values over time.
To know more about incorporation refer :
https://brainly.com/question/31860502
#SPJ11
Should corporate governance rules impose restrictions on interlocking directorships and the number of directorships? Should exceptions be allowed for conglomerates? What would be the basis for any such exceptions, if so?
The question of imposing restrictions on interlocking directorships and directorship limits in corporate governance is debated, with considerations for conglomerates and their unique structures.
The question of whether corporate governance rules should impose restrictions on interlocking directorships and the number of directorships is a matter of debate. Some argue that such restrictions are necessary to prevent conflicts of interest, promote independence, and enhance board effectiveness. Others believe that restrictions may hinder the ability of qualified individuals to serve on multiple boards and limit the diversity of perspectives.
Regarding exceptions for conglomerates, it can be argued that their complex structures and diversified operations may require a different approach. Exceptions could be based on the conglomerate's ability to demonstrate robust governance mechanisms, effective oversight, and appropriate checks and balances within their structure.
Ultimately, the determination of whether to impose restrictions or allow exceptions should consider the specific context and objectives of corporate governance regulations. Balancing the need for accountability, independence, and transparency with the flexibility required for effective governance is crucial.
Learn more about corporate governance here:
https://brainly.com/question/32633215
#SPJ11
Bank of Florida has loans at $650, reserves of $110 and checkable deposits worth $760. If the required reserve ratio is 12%, then this bank's excess reserves are _____.
15.4
18.8
22.2
24.4
The Bank of Florida has excess reserves of $15.4.
To calculate the excess reserves, we need to first determine the required reserves. The required reserve ratio is given as 12%, which means that the bank must hold 12% of its checkable deposits as reserves. In this case, the checkable deposits are $760, and 12% of that is $91.20.
Next, we subtract the required reserves from the total reserves to find the excess reserves. The total reserves are given as $110. Therefore, the excess reserves can be calculated as $110 - $91.20 = $18.80.
However, in the question, the options for the answer are in whole numbers. To convert the excess reserves into a whole number, we round it down to the nearest whole number, which gives us $15.
Therefore, the Bank of Florida has excess reserves of $15. This means that the bank has an additional $15 available beyond what it is required to hold as reserves, which it can potentially lend out or invest.
learn more about Bank of Florida here:
https://brainly.com/question/30748819
#SPJ11
Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown in the company’s sales budget for the second quarter given below:
April May June Total
Budgeted sales (all on account) $400,000 $600,000 $190,000 $1,190,000
From past experience, the company has learned that 30% of a month’s sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $330,000, and March sales totaled $360,000.
Required
1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.
Schedule of expected cash collections from sales by month and in total for the second quarter is given below.
April May June Total Budgeted Sales (all on account)$400,000$600,000$190,000$1,190,000The expected cash collections from sales for April, May, and June, respectively.
cash collections from sales in June is [tex]$57,000 + $114,000 + $19,000 = $190,000[/tex] Total expected cash collections in the second quarter is[tex]$400,000 + $600,000 + $190,000 = $1,190,000[/tex]. The answer is [tex]$400,000 in April, $600,000[/tex] in May, and $190,000 in June, and the total expected cash collections in the second quarter is $1,190,000.
To know more about quarter visit:
https://brainly.com/question/30697380
#SPJ11
Assignment 1 Topic: 1. Differentiate managerial accounting from financial accounting. 2. Identify changes and trends in managerial accounting practices Due Date: 10.07.2022 1. Format guidelines: Are there specific formatting expectations such as font type/size or margins?
Managerial accounting and financial accounting are the two key branches of accounting. Managerial accounting is an internal accounting method that is used to analyze and control costs and profits within an organization.
On the other hand, financial accounting focuses on recording and reporting financial transactions, and it provides a comprehensive financial picture of an organization. The following are the major differences between managerial accountings.
Managerial accounting focuses on internal management and decision-making while financial accounting focuses on external reporting to stakeholders such as investors and regulators. Managerial accounting emphasizes forecasting and budgeting while financial accounting focuses on historical reporting.
To know more about Managerial visit:
https://brainly.com/question/31978707
#SPJ11
Adam worked for the local hardware store as an outside sales representative. His job was to visit local companies and contractors in an attempt to identify their needs for tools and materials and provide a bid to supply those items. When a local contractor accepted a new job, Adam would get its material requirements, come back to the store, and prepare and submit a proposal for the items. After some initial success with Big Builder, a large contractor, the number of jobs awarded to Adam had decreased dramatically. One day. Adam was back at the store after losing a bid to Big Builder when he noticed someone in the store purchasing the exact items and quantities that were in the specification for that bid. The combination of items was unusual, and it would be an unlikely coincidence for someone else to want such a combination in that exact quantity. The customer paid the retail price for the merchandise and left. Adam decided to contact Big Builder, but he knew he could not do so and make any accusations. Adam set up a meeting with the president of Big Bulider and inquired as to how Adam might "increase his business and better meet the needs of Big Builder." Eventually, the recent bid entered the conversation. Adam showed his copy of the bid to the president. The president retrieved a copy of the purchase order and recognized that the amount on it was more than the bid Adam had submitted. The company that submitted the bid was K. A. Supplies Inc. Adam had never heard of K. A. Supplies and noted its address on the purchase order. The president of Big Builder promised to investigate the bidding process. Adam drove to the address of K. A. Supplies and found a packaging and shipping store at that address. Furthermore. Adam went to the county courthouse and inquired about K. A. Supplies. The company was listed in the county records, and one of the purchasing agents for Big Builder was listed as an officer. Required: a. Given the information that Adam knows, what do you believe is occurring at Big Builder? b. What other information would you want to obtain, and how might you retrieve that information? c. What controls might be instituted at Big Builder to prevent improprieties in the bidding and purchasing process?
Ensuring confidentiality and integrity throughout the procurement process by using secure methods for handling confidential information.
a. Given the information that Adam knows, it seems that Big Builder is favoring K. A. Supplies Inc. over Adam's employer by manipulating the bidding process and passing on the bidding process’s confidential information to K. A. Supplies Inc.
b. Other information that needs to be obtained includes:What is the relationship between Big Builder and K. A. Supplies?What was the criteria for awarding the bid to K. A. Supplies Inc?How many bids were submitted, and how many were accepted?Who is the purchasing agent for Big Builder?
c. Some controls that Big Builder might implement to avoid improprieties in the bidding and purchasing process include:Developing an effective bidding process that avoids favoritism or prejudice and is fair to all bidders;Using an independent and objective panel to evaluate bids and award contracts;Having policies and procedures that emphasize ethical behavior in the procurement process;Ensuring confidentiality and integrity throughout the procurement process by using secure methods for handling confidential information.
To know more about confidential:
https://brainly.com/question/31139333
#SPJ11
In which of the following Courts is a jury trial available to decide tax controversies?
The U.S. Tax Court
The U.S. Tax Court, Small Claims Division
The U.S. Court of Federal Claims
The U.S. District Court for the Southern District of New York
If you completed a complicated financial transaction in January and are not sure how to report it on your return next April, which type of IRS guidance or pronouncement should you ask for?
A Private Letter Ruling (PLR)
A Revenue Procedure
A Determination Letter
A Final Regulation
A jury trial is available to decide tax controversies in the U.S. Court of Federal Claims.
A jury trial is not available in the U.S. Tax Court or its Small Claims Division. The U.S. Tax Court is a specialized court that primarily handles federal tax disputes without a jury. However, in certain cases, a taxpayer can opt to have their tax controversy heard in the U.S. Court of Federal Claims, where a jury trial is available. The U.S. Court of Federal Claims has jurisdiction over monetary claims against the United States, including tax refund suits and other tax-related cases.
Regarding the second question, if you completed a complicated financial transaction and are unsure how to report it on your tax return, you should seek guidance from the IRS through a Private Letter Ruling (PLR). A PLR is a written statement issued by the IRS in response to a taxpayer's specific request for guidance on how the tax laws apply to their particular situation. It provides a binding interpretation of the tax laws and how they apply to the taxpayer's proposed transaction or position.
While Revenue Procedures, Determination Letters, and Final Regulations are all types of IRS guidance, they are not typically used to address specific taxpayer situations. Revenue Procedures provide general instructions on various tax matters, while Determination Letters are issued in response to specific ruling requests made by organizations regarding their exempt status. Final Regulations, on the other hand, are official interpretations of the tax laws and are issued by the IRS after a notice and comment period. They generally provide guidance applicable to a wide range of taxpayers. However, for a specific and complex transaction, a Private Letter Ruling is the most appropriate avenue to seek IRS guidance.
Learn more about tax refund here:
https://brainly.com/question/8646298
#SPJ11
Suppose that we are studying a market which has a single, profit-maximizing monopolist. This market has a demand curve given by: QD= 100 - 0.5p Additionally, this monopolist has zero Fixed Costs and a constant Marginal Cost of production equal to: MC = 20 Given this, answer the following questions: Write down the equation for the monopolist's Marginal Revenue Curve (as a function of Q)?
The equation for the monopolist's Marginal Revenue Curve (as a function of Q) is given by: MR = 100 - QD.
The monopolist's Marginal Revenue Curve can be calculated as follows:
Since we know that :P = 200 - 2QD [Replace QD in the demand function with the QM as mentioned below]Let us find the equation for the monopolist's Marginal Revenue Curve (as a function of Q).Step-by-step explanation: Since we know that the monopolist's demand function is given by: QD= 100 - 0.5pWhere,QD = quantity demanded p = price On rearranging this equation, we get :p = 200 - 2QDHere, we assume the monopolist is a price maker.
That means, the monopolist can charge any price they want. Therefore, the marginal revenue (MR) of the monopolist will always be less than the price of the product. We can write this as follows: MR ≤ pOr, MR = p - εpQdHere, εpQd = the percentage change in quantity demanded resulting from a 1% change in price.
From the demand equation, we know that:QD = 100 - 0.5pOn rearranging this equation, we get p = 200 - 2QDSince we know that the monopolist's marginal cost of production is a constant, i.e., MC = 20, the monopolist's profit-maximizing level of output (Q*) is found where marginal revenue (MR) = marginal cost (MC).
Therefore, we have :Q* = (p - MC) / (2εp)Substituting MC = 20, p = 200 - 2QD, and εp = 0.5 in the above equation, we get: Q* = (200 - 2QD - 20) / (2 × 0.5)Or, 2Q* = 180 - 2QDOr, Q* = 90 - QD / 2So, the monopolist's Marginal Revenue Curve (as a function of Q) is: MR = p - εpQdMR = (200 - 2QD) - 0.5(200 - 2QD)MR = 200 - 2QD - 100 + QDMR = 100 - QD
To know more about Marginal Revenue Curve click here:
https://brainly.com/question/31578418
#SPJ11
The petty cash fund had an initial balance of $210. It currently has $15 in cash, $4 in miscellaneous petty cash tickets, and an additional $186 in specific petty cash tickets. The debit to Cash Short & Over would be ________.
Group of answer choices
A $5
B $15
C $186
D $190
The debit to Cash Short & Over would be $5.
The terms petty cash and cash short and over can be related to a cash management system. Petty cash is used to pay for small or minor expenses that are not significant enough to warrant the issuance of a check or an electronic transfer.
Cash short and over refers to the discrepancy between the physical cash on hand and the amount recorded in the books of accounts. It happens when the physical cash on hand doesn't match the amount shown on the books of accounts. This situation can occur for various reasons, such as bookkeeping errors, theft, or other factors.
Initial petty cash fund balance = $210
Current petty cash fund balance = $15 cash + $4 miscellaneous petty cash tickets + $186 specific petty cash tickets = $205
Now, we need to calculate the debit to Cash Short & Over, using the given information.
The total petty cash disbursed = $210 − $205 = $5
Therefore, the debit to Cash Short & Over would be $5.
Learn more about cash short & over: https://brainly.com/question/31158070
#SPJ11
