Stengard and Piel could use the internet in several ways to expand their business. One way would be to create an online store where customers can purchase their products.
This would allow them to reach a wider audience beyond their local area and potentially increase their sales. Additionally, they could use social media platforms to promote their products and engage with customers. By regularly posting about their business on platforms, they could build a following and generate buzz around their brand.
A more detailed answer would be that Stengard and Piel could also utilize online marketplaces to sell their products. This would give them access to a large customer base and allow them to compete with other similar businesses. They could also invest in search engine optimization (SEO) techniques to improve their website's visibility on search engines, making it easier for potential customers to find them online. Lastly, they could consider offering online consultations or tutorials to customers interested in their products, which would not only help them build customer relationships but also establish their expertise in the industry.
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Management positions in agriculture are
all of the following EXCEPT which one?
A Difficult
B. Time-intensive
C. Entry-level
D. Knowledge-based
Answer: c
Explanation:
Which of the following statements is CORRECT?a. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.b. A large portfolio of randomly selected stocks will have a standard deviation of returns that is greater than the standard deviation of a 1-stock portfolio if that one stock has a beta less than 1.0.c. A large portfolio of stocks whose betas are greater than 1.0 will have less market risk than a single stock with a beta = 0.8.d. If you add enough randomly selected stocks to a portfolio, you can completely eliminate all of the market risk from the portfolio.e. A large portfolio of randomly selected stocks will always have a standard deviation of returns that is less than the standard deviation of a portfolio with fewer stocks, regardless of how the stocks in the smaller portfolio are selected.
Answer:
a. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.
Explanation:
Diversifiable risk can as well as be regarded as unsystematic risk, it is specific risk of a firm which impacts the price of the stock of individual rather than affecting the industry as a whole or sector where the the firm is carrying out it's operation. It a risk whereby there is possibility that change in the price of a security will be experienced because of the specific characteristics that the security have. It should be noted that Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk.
Suppose that dental hygienists are unionized in the eastern region of the country but not in the western region. If the unionized workers in the eastern region abolished their unions, employment a. and wages of dental hygienists in the eastern region would rise. b. of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall. c. and wages of dental hygienists in the eastern region would fall. d. of dental hygienists in the eastern region would fall, but wages of dental hygienists in the eastern region would rise.
Answer: of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall.
Explanation:
Since we are given the information that the dental hygienists in the Eastern region are unionized but that they're not unionized in the western region.
If the unionized workers in the eastern region abolished their unions, then the employment of dental hygienists in the eastern region would rise, but wages of dental hygienists in the eastern region would fall.
Since there's an abolishment of the union, the wages paid to the dental hygienist will reduce as there won't be a union to help fight for their needs and wages increase. Due to the reduction in wages, there'll be an increase in the number of dental hygienist employed.
Therefore, the correct option is B.
Markets maximize total surplus when what conditions hold? Select ALL that apply Monopolistic Competition Oligopoly Perfect Competition Monopoly Incomplete Information Perfect Information No externalities There are externalities
As a result, the total surplus is maximized when the price is the same as the market equilibrium price. Only the most effective manufacturers will be able to create a good for less than the market price in highly competitive markets. Hence, only those merchants will create a product.
What is total surplus?All benefits minus total costs equals total market surplus. The area between our marginal benefit and marginal cost, limited by quantity, can also be calculated as an alternative. At each stage of production, this is the equivalent of calculating the difference between marginal benefits and marginal costs.The overall well-being of all market participants is gauged by the total surplus in that market. It is the total of the surpluses from the consumer and the producer. Consumer surplus is the discrepancy between customers' willingness to pay and their actual price for a good.As total surplus is maximised at equilibrium, there is no method to boost total surplus in the market.To learn more about total surplus, refer to:
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The conditions that hold for markets to maximize total surplus are d) Perfect Competition and No externalities.
Perfect competition is characterized by many buyers and sellers, homogeneous products, free entry and exit, and perfect information. In this market structure, firms cannot influence the market price, and the price is equal to the marginal cost, which leads to productive and allocative efficiency, and maximizes total surplus.
No externalities mean that the production and consumption of a good do not affect any third party. In other words, there are no positive or negative external effects associated with the production or consumption of the good.
In this case, the market price reflects the true cost of production and the true value of consumption, which leads to allocative efficiency and maximizes total surplus.
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Shareholders preference for dividend versus capital gains can potentially influence a firm's payout policy. i. Explain what is meant by the term dividend policy and discuss the two main issues that can affect such policy. ii. Discuss the key reasons why some investors prefer dividend. iii. Discuss the key reasons why some investors prefer capital gains
i. Dividend policy refers to the decisions made by a company regarding the amount and timing of dividend payments to its shareholders.
It is a crucial aspect of a firm's payout policy and involves determining whether profits should be distributed to shareholders in the form of dividends or retained within the company for reinvestment. Two main issues that can affect dividend policy are:
1. Stability: Companies need to decide whether to maintain a stable dividend policy, where dividend payments remain relatively constant over time, or adopt a variable policy, adjusting dividends based on earnings and cash flow fluctuations.
ii. Some investors prefer dividends for the following key reasons:
1. Income: Dividends provide a regular income stream for investors, especially those who rely on investment income to cover their living expenses.
iii. Some investors prefer capital gains for the following key reasons:
1. Growth potential: Investors seeking capital gains prioritize the potential for the stock price to increase over time. They believe that by investing in companies with growth prospects, they can achieve higher returns through price appreciation when they eventually sell their shares.
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why does polaris outsource the manufacture of most components but do the final assembly themselves?
Polaris outsources the manufacture of most components but does the final assembly themselves because it is more cost-effective for the company.
By outsourcing the manufacture of components, Polaris can take advantage of lower labor costs and more efficient production processes in other countries. However, by doing the final assembly themselves, Polaris can ensure that the final product meets their quality standards and is assembled correctly.
This approach allows Polaris to produce high-quality products at a lower cost, which benefits both the company and its customers. Although Polaris outsources the production of majority of its components, it does the final assembly in-house since it is more profitable for the business.
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please show the gantt chart for a shortest job next (sjn) scheduler (with no preemption). 1. what is the response time for job 1 and job 3?
In a shortest job next (SJN) scheduler with no preemption, the Gantt chart would show that each job is completed in the order of shortest job first, with no interruption or preemption between processes.
In this example, Job 1 and Job 3 would both have a response time equal to the amount of time it takes to complete that particular job.
So, if Job 1 takes 10 milliseconds to complete, then its response time would be 10 milliseconds. Similarly, if Job 3 takes 30 milliseconds to complete, then its response time would be 30 milliseconds.
To sum up, the response time for Job 1 and Job 3 in a shortest job next (SJN) scheduler with no preemption is equal to the amount of time it takes to complete the job itself, with no interruption or preemption between processes.
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mack sennett built the first film production studio in hollywood that strictly made comedies.truefalse
Sennett established his own business, the Keystone Company, in Los Angeles, California, in 1912. In that location, in 1914, he created Tillie's Punctured Romance, a full-length comedy starring Charlie Chaplin and Marie Dressler. True.
What possessed Mack Sennett notoriety?
The "King of Comedy" was a Canadian actor, director, and studio head by the name of Mack Sennett (born Michael Sinnott; January 17, 1880 – November 5, 1960). He began his career in movies with the New York City Biograph Company in 1880 and subsequently established Keystone Studios in Edendale, California, in 1912. He was born in Danville, Quebec. Sennett rose to fame as the creator of slapstick routines like pie-throwing and automobile chases, which were included in the Keystone Cops movies, and Keystone had the first fully enclosed cinema stage.
His Bathing Beauties, many of whom went on to have great acting careers, were featured in short films that he also produced.
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What two cultural factors influenced the variety of Chinese lays potato chip flavors
The two cultural factors that influenced the variety of Chinese lays potato chip flavors are Regional tastes and preferences and Chinese cuisine and ingredients.
What are tastes and preferences ?Tastes and preferences refer to an individual or group's personal likes and dislikes when it comes to food, drink, or other things.
In the context of food, tastes and preferences are influenced by factors such as culture, upbringing, personal experiences, and health considerations.
The Regional tastes and preferences and Chinese cuisine and ingredients are the cultural factors that influenced the variety of Chinese lays potato chip flavors.
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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mark is interested in becoming a bio
Answer:
ok
Explanation:
Calvin purchased 2 fish bowls full of goldfish and 3 goldfish in a single bag. Each bowl had 6 fish in it. How many goldfish did Calvin buy? Calculate the number of fish in 1 bowl and in the bag together. Divide that number by the number of bowls. Calculate how many goldfish are in 2 fish bowls. Add that number to the number of fish in the bag. Calculate how many more goldfish are in a bowl than the bag. Multiply that number by the number of bowls. Calculate how many fish bowls there are. Add that number to the number of fish in the bag.
Answer:
How many goldfish did Calvin buy?
(2 bowls x 6 goldfish) + 3 goldfish in a bag = 15 goldfishCalculate the number of fish in 1 bowl and in the bag together.
(1 bowls x 6 goldfish) + 3 goldfish in a bag = 9 goldfishDivide that number by the number of bowls.
9 goldfish / 2 bowls = 4.5 goldfishCalculate how many goldfish are in 2 fish bowls.
2 bowls x 6 goldfish = 12 goldfishAdd that number to the number of fish in the bag.
12 goldfish + 3 goldfish = 15 goldfishCalculate how many more goldfish are in a bowl than the bag.
6 goldfish - 3 goldfish = 3 goldfish more in a bowl than in a bagMultiply that number by the number of bowls.
3 goldfish x 2 = 6 goldfishCalculate how many fish bowls there are.
2 fish bowlsAdd that number to the number of fish in the bag.
2 + 3 = 5Consider a shirt-stitching process. The raw material for a shirt arrives as two sheets. One sheet (the front) goes to worker A who takes 5 minutes to process it. The other sheet (the back) goes to worker B who takes 10 minutes to process it. So A and B are done simultaneously, not sequentially. Once both front and back are ready, they go to worker C who stitches them together (4 minutes), then to D (Ironing, 12 minutes) and to E (packing, 5 minutes). All steps (A, B, C, D, and E) are necessary to create each finished unit. Each step employs a single worker. The cycle time achieved by this process is:
Option B is correct. The given question is related to the calculation of the cycle time of a shirt-stitching process. The raw material for a shirt arrives in two sheets, and each sheet goes to the respective worker.
So, the cycle time achieved by this process is calculated as follows:
Calculation of the cycle time of a shirt-stitching process:
Process A takes 5 minutes
Process B takes 10 minutes
Process C takes 4 minutes
Process D takes 12 minutes
Process E takes 5 minutes
The total cycle time required is= Process A + Process B + Process C + Process D + Process E= 5 + 10 + 4 + 12 + 5= 36 minutes
So, the cycle time achieved by this process is 36 minutes.
Therefore, option B is correct.
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12
Type the correct answer in the box. Use numerals instead of words.
From the following information, calculate the net cash flow from operating activities.
$50,000 is the net cash flow from operating activities.
Which of the following should be added to net income when using the indirect method to calculate net cash flows from operating activities?A reduction in accounts payable would be included to net income when calculating the net cash provided by operating activities using the indirect method on the statement of cash flows.
Step 1 of the reconciliation between net income and net cash flow from operating operations is what?By shifting net income from an accrual basis to a cash one, you may determine the net cash provided/used by operational activities. Step 2: Examine changes in noncurrent asset and liability accounts and either reveal as noncash transactions, or record as investing and financing operations.
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Which payment option would be best for the laptop and for the refrigerator? rent-to-own; installment installment; rent-to-own rent-to-own; rent-to-own save up and pay cash
The payment option which would be best for the laptop and for the refrigerator is rent-to-own. Thus, the first option is correct.
What is a payment option?The word "payment option" refers to the many methods an individual can utilise to pay for a product. Cash, cheques, debit cards, credit cards, mobile payments, electronic bank transfers, rent-to-own, and installment payments are the most common payment methods.
If we want to buy something reasonably expensive or simply cannot afford it right now due to a lack of funds, we have one choice that meets our needs: rent-to-own. This is a financing option that allows you to acquire the item and make payments over time until you own it. The merchandise is leased by the retailer or firm, and you agree to pay it monthly with the opportunity to purchase it.
Therefore, in this case, it is concluded that the rent-to-own payment option is the way to acquire, cars, furniture, houses, or consumer electronics.
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A registered representative is obligated to adhere to the prospectus delivery requirements of the Securities Act of 1933 when making a sale of A) a new issue of B-rated industrial revenue bonds to provide funding for a new facility for the Boomer Widgets Company. B) shares of the STU open-end investment company, a fund whose portfolio makeup is exclusively U.S. Treasury issues. C) shares of the XYZ closed-end investment company, a fund whose shares trade on the Nasdaq Stock Market. D) shares of the LMN S
Answer:
B) shares of the STU open-end investment company, a fund whose portfolio makeup is exclusively U.S. Treasury issues.
Explanation:
The Securities Act of 1933 requires that new securities must be recorded with the Securities and Exchange Commission (SEC). When registered representatives are offering stocks to their clients, they are required to adhere to the prospectus delivery if the IPO (initial public offering) or APO (additional public offering) after up to 90% of the event.
No IPO or APO is mentioned in the question, but only options A and B refer to securities that could have been recently issued. Since option A is about a municipal bond (industrial revenue bonds are considered municipal bonds), and municipal bonds are not included in the Securities Act of 1933, then we can eliminate that option.
The only possible option we have left is option B. Open end investment stocks are basically a constant IPO since every time an investor buys a stock, it is creating a new stock, e.g. when you invest in a mutual fund you are creating new mutual fund stocks. It doesn't matter if the mutual fund only invests in US treasuries.
What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?
Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.
What is elasticity?In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.
Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.
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(13 points) APY is a(n) ____.
A. noncompounding interest rate
B. daily interest rate
C. interest rate advertised by lenders
D. interest rate advertised by borrowers
Answer:
C. interest rate advertised by lenders
Explanation:
APY stands for Annual percentage yield. It is the rate at which deposits earn interest in a checking or savings account. In other words, APY represents the amount of interest a deposit earns for one year when in a bank account.
The APY is a standardized presentation of interest to be earned. It incorporates all considerations, such as the compounding effect. APR makes it possible to compare expected returns from various financial instruments or institutions.
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
job performance definition
Answer:
The act of doing a job well
Explanation:
Job performance is the act of doing a job well, based on the goals, attitudes, skills, and behaviors of the individual. It is an important criterion for organizational outcomes and success. It is studied as part of industrial and organizational psychology and human resources management.
In process costing there is never a balance remaining in factory overhead that needs to be closed at period end. true or false
In process costing there is never a balance remaining in factory overhead that needs to be closed at period end.
This statement is false.
Under the process costing, there is always a finished product at each stage. This then becomes the raw material of the subsequent stage until the final stage of completion is there.
A process costing system always accumulates the costs of a production process and assigns them to the products which are output by the business . A production report is made under the process costing system.
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the closed fund is a closed-end investment company with a portfolio currently worth $270 million. it has liabilities of $10 million and 15 million shares outstanding. a. what is the nav of the fund?
The NAV of the fund is $17.33 per share.
What is the nav of the fund?
The NAV (Net Asset Value) of the closed-end fund can be calculated using the following formula:
NAV = (Total Assets - Total Liabilities) / Number of Shares Outstanding
First, let's plug in the values given in the question:
Total Assets = $270 million (portfolio worth)
Total Liabilities = $10 million
Number of Shares Outstanding = 15 million
Now, let's calculate the NAV:
NAV = ($270 million - $10 million) / 15 million
NAV = ($260 million) / 15 million
NAV = $17.33 per share
So, the NAV of the fund is $17.33 per share.
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Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30,
2012:
Supper Company Ltd.
Stockholders’ Equity
June 30,2012
Paid-in Capital
Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000
Common stock, par value $? per share, 5,000,000 shares authorized,
1,000,000 shares issued and outstanding
2,000,000
Paid-in capital in excess of par—common 6,000,000
Total paid-in capital 9,400,000
Retained earnings 12,300,000
Total Stockholders’ equity $21,700,000
Requirements:
1. What is the par value per share of Supper’s preferred stock? (Show Workings)
2. What is the par value per share of Supper’s common stock? (Show Workings)
3. What is the selling per share for the $6,000,000 reported as paid-in capital in excess of par –
common? (Show Workings)
4. Prepare two (2) summary journal entries to record issuance of all the Supper Company Ltd stock for
cash. Explanations are not required.
Answer:
1. Par Value of Preferred stock;
= Preferred stock value / Shares issued
= 1,400,000/280,000
= $5
2. Par Value of Common Stock
= Common stock value / Shares issued
= 2,000,002/1,000,000
= $2
3. Selling price per share including Paid-In Cap
Paid-in cap is the price of a share that exceeds its par value. Selling price therefore is;
= (Par Value + Paid In cap)/ Number of shares
= (2,000,000 + 6,000,000) / 1,000,000
= $8 per share
4.
DR Cash $1,400,000
CR Preferred Stock $1,400,000
DR Cash $8,000,000
CR Common Stock $2,000,000
Paid-In Capital in excess of par - Common Stock $6,000,000
fair-value changes in available-for-sale debt securities are recognized in the income statement as unrealized gains or losses. select one: true false
The given statement, "Fair-value changes in available-for-sale debt securities are recognized in the income statement as unrealized gains or losses." is false because these changes are recognized in other comprehensive income.
Comprehensive income are those which are separate component of stockholders' equity. The unrealized gains or losses are reported as a separate line item in OCI, called "accumulated other comprehensive income (AOCI)."
These gains or losses are not recognized in the income statement until the securities are sold or otherwise disposed of, at which point the realized gains or losses are reported in the income statement as part of net income. Therefore, the correct statement is that fair-value changes in available-for-sale debt securities are recognized in other comprehensive income (OCI), not in the income statement as unrealized gains or losses.
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What are goods??????
1. what was the industry-level investment that put citibank ahead of its competitors?
One of the industry-level investments that put Citibank ahead of its competitors was its early adoption of electronic banking technologies. In 1980s, Citibank recognized the potential of electronic banking and began investing heavily in the development of online banking services.
This was a time when most banks were still primarily relying on brick-and-mortar branches and traditional banking methods, but Citibank saw an opportunity to leverage new technologies to improve customer service and expand its reach.
Citibank was one of the first banks to offer online banking services, which allowed customers to access their accounts, transfer funds, and make payments from their personal computers.
This investment gave Citibank a significant advantage over its competitors, as it allowed the bank to expand its customer base and offer more convenient services to its existing customers.
Over time, other banks began to adopt online banking technologies, but Citibank remained at the forefront of innovation in the industry. The bank continued to invest in new technologies such as mobile banking and online bill payment, which helped to solidify its position as a leader.
In conclusion, Citibank's early investment in electronic banking technologies helped to put the bank ahead of its competitors and establish it as a leader in the industry.
By recognizing the potential of online banking and investing heavily in its development, Citibank was able to expand its reach, improve customer service, and stay at the forefront of innovation in the industry.
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A contractual agreement between two companies in which one company gives the other company, in exchange for a lump sum and royalties, the right to operate a retail outlet using a name and format developed by the first company is referred to as ______. Multiple choice question. multi-level marketing licensing franchising retailing
The contractual agreement described above which is a way of expanding a business venture, is referred to as franchising.
Franchising involves:
A company allowing another company to use its name and brand The company gaining the license paying the original company royalties for the duration of the contractIn this scenario, a company is paying another company a lump sum and royalties and in exchange, they get to use the name and format of the original company.
This is synonymous with a franchise so we can conclude that this is franchising.
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Q1: Describe the path taken by a water molecule from the soil until it reaches a mesophyll cell of a leaf to be made into sugar.
Q2: What are the differences between xylem and phloem:
a. In structure
b. In function?
Q3: State briefly the functions of the following : xylem, root hair, root cap, epidermis.
Q4: Why do you think that root hairs are produced only on the parts of the root system that have stopped growing?
Q5: What structures help to keep the stem’s shape and upright position?
Plz hlp me I will give u brainliest
Answer:
Answer 1:
Water is taken up through the xylem until it reaches a leaf, where it diffuses outinto the surrounding mesophyll cells.Water diffuses from the mesophyll cellsto the surrounding intercellular air spaces as water vapour, and finally, out of theleaf through the stomata.
Answer 2:
Xylem and phloem facilitate the transportation of water, minerals and food throughout the plant. Xylemcarries water and minerals from the roots to the leaves. Whereas,phloem carries the food prepared by the leaves to different parts of the plant.
Answer 3:
XYlem- It helps in Conduction of minerals and water in Plant. Troot hains: - Troots haves absonb water from the soil. Epidermis- It Provide Protection Root Cap
Answer 4:
Explanation: The function of root hairs is to help the plant absorb water and nutrients. Root hairs are part of the root system of the plant and their job is to increase the surface area of the roots, allowing them to take in more nutrients than if the roots were smooth.
Answer 5:
The vascular tissue contributes to the support of the plant. I think the xylem and phloem also help with support, but I'm unsure.
Explanation:
I hope ki mera answer sahi h
You just received your financial aid offer and you see that you’ve been offered a Direct Subsidized Loan and a Direct Unsubsidized Loan. Assuming you accept both loans, explain how interest is handled differently between these two types of loans and how that can impact your monthly payments.
The way that interest is handled in Direct Subsidized Loan and a Direct Unsubsidized Loan is that:
Interest accrues (additionally) on loans with daily interest every day. You are not liable for paying the interest that accrues while you are in school if your loans are subsidized. Even when you're in school, if your loans are unsubsidized, you're still responsible for paying all accumulated interest.
While you are enrolled in school at least half-time or even during deferment periods, interest on your subsidized loans does not accrue.
Have interest-bearing loans, subsidized or unsubsidized?Subsidized loans clearly prevail when compared to unsubsidized loans. A subsidized loan will save you money throughout the course of the loan if you are eligible for one. You will pay less in interest costs. Nevertheless, not everyone will be eligible for a subsidized loan.
While enrolled at least half-time in school or during deferment periods, interest is not charged on subsidized loans. Loans that aren't based on financial need are known as unsubsidized loans, and they are available to both undergraduate and graduate students.
Therefore, with the use of a subsidized direct loan, the lender or government (for Federal Direct Subsidized Loans, also known as Subsidized Stafford Loans) pays your interest while you're in school (a minimum of one year).
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When reconciling petty cash, you determine that the total withdrawals according the petty cash slips is $169.00. Since the fund started with $200.00, there should be $31.00 remaining in the petty cash box. When the cash is counted, there is $31.00. How is this entered in the journal? Will mark brailiest
A. Since the difference between the established amount and the total cash and withdrawals is zero, each account the disbursements are charged to is debited to total $31.00 and the Cash account is credited $31.00 to replenish the fund. No entry is needed in the Cash Over and Short account.
B. Since the difference between the established amount and the total cash and withdrawals is zero, each account the disbursements are charged to is debited to total $169.00 and the Cash account is credited $169.00 to replenish the fund. No entry is needed in the Cash Over and Short account.
C. Since the difference between the established amount and the total cash and withdrawals is zero, each account the disbursements are charged to is debited to total $169.00 and the Cash account is credited $31.00 to replenish the fund. No entry is needed in the Cash Over and Short account.
D. Since the difference between the established amount and the total cash and withdrawals is zero, each account the disbursements are charged to is debited to total $169.00 and the Cash account is credited $200.00 to replenish the fund. No entry is needed in the Cash Over and Short account.
This transaction is entered in the journal according to Option B:
Since the difference between the established amount and the total cash and withdrawals is zero, each account of the disbursements is charged to Petty Cash. The Petty Cash is debited to a total of $169.00, and the Cash account is credited $169.00 to replenish the fund.No entry is needed in the Cash Over and Short account.What is a petty cash book?A petty cash book is an accounting record for petty cash expenses.
The petty cash book operates on the imprest system, involving the refund of the total cash spent during the period after the physical count of cash in hand.
Total of Petty Cash slips = $169.00
Imprest = $200.00
Petty cash balance = $31.00 ($200.00 - $169.00)
Float = $169 ($200.00 - $31.00)
Thus, the correct journal entry for the petty cash transaction is Option B.
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