When making a payment from the petty cash fund for postage stamps, the following journal entry is made.
a. debit supplies; credit petty cash
b. debit postage expense; credit petty cash
c. debit miscellaneous expense; credit petty cash
d. no entry is made.
Answers
When making a payment from the petty cash fund for postage stamps, the b. debit postage expense; credit petty cash journal entry is made.
When making a payment from the petty cash fund for postage stamps, the appropriate journal entry is to debit the postage expense account to record the expense incurred for purchasing the stamps.
At the same time, the petty cash account is credited to reflect the reduction in the cash balance within the petty cash fund. This ensures accurate tracking of expenses and maintains the integrity of the petty cash account.
It is important to allocate the expense to the correct expense account (postage expense in this case) for proper financial reporting and analysis.
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Related Questions
What are some reasons that a bank statement might not match a cash balance of a business's records? Choose all answers that are correct.
Question 1 options:
posted payments on credit cards
bank errors
outstanding deposits
service charges
recorded checks
outstanding checks
Answers
Answer:
outstanding deposits, outstanding checks, posted payments on credit cards
Explanation:
Bank errors, Outstanding Deposits, Service Charges, and Outstanding checks are some reasons that a bank statement might not match the cash balance of a business's records. The correct options are B, C, D, and F.
What information does a bank statement provide?Name, address, account number, and bank branch information are all listed on bank statements for account holders. Additionally, a summary table that displays the statement's time frame, opening and closing bank balances, deposits made to the account, refunds, and cash withdrawals is included. In addition, fines levied by your bank as well as declined or canceled payments will appear on your statements.
Differences between the two records could be the result of Deposits in transit: The firm may have received cash or cheques, but the bank may not have yet recorded them. Outstanding checks are ones that have been issued but have not yet been processed. Bank service fees: Banks frequently deduct service fees.
Thus, the ideal options are B, C, D, and F.
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career question will mark first answer brainliest
Answers
Answer:
B.
Explanation:
I hope that helps!!!!!!!!
What is the approximate time period of the simple trade era?
Answers
Answer:
1800s up to the 1850s
Explanation:
Simple trade era started around the 1800s up to the 1850s
In the simple trade era, everything was harvested or made by hand. Most of what people produced was meant for consumption within the household. Any excess was traded for other goods. The commodities produced were basic items to meet basic needs. Production was limited; hence there was no need for marketing.
My question got removed but can someone please help me with what the PESTEL anylasis for covergirl is. Please only real answers no links:)
Answers
Answer:
through this PESTLE Analysis for L’Oreal, the cosmetics and skincare giant, you now have an idea of where the brand currently stands in terms of business.
A brand as prestigious as L’Oreal, with such a rich history behind it, truly is inspiring especially because they managed to lead the market for over 100 years. It really boggles your mind to think they’ve made a century.
The brand although in no way is under even the slightest suspicion of extinction, they still have to work on correcting a few wrongs, the most important of which is completely eliminating animal testing. That will never be brushed under the rug. They also need to be very cautious of the contributing people in their supply chain so as to eliminate all sorts of slavery. They should develop a concrete policy on their use of toxins as well.
You will never be able to view a company in a full 360-degree perspective until you focus on understanding the various macro-economic factors that affect it. These factors play a very big role in shaping up the company’s overall performance. A PEST Analysis will help you not only in the identification but a thorough explanation of all of these factors
PESTLE is simply an acronym for political, economic, socio-cultural, technological, legal, and environmental analysis, which helps one in understanding where a company stands in depth.
You are more than welcome to visit our website if you wish to teach yourself how to work on a PEST analysis. We have all the detail you would need for comprehending the entire process. In fact, for those of you who wish to put their knowledge to practice, we even have the perfect PESTLE Analysis template for you to make things faster.
when the value of a loyal customer (vlc) market segment is high, should these customers be given premium goods and services for premium prices? if the vlc is low, should they be given less service?
Answers
Loyal customer frequently stick to one brand. They are incapable with cost until and except if the assistance given by the organization is great. The devoted client are the client who gives greatest benefit to the organization straightforwardly and in a roundabout way.
One clear explanation is they give benefit to the labor and products bought and other is they spread the words to others which can tend to becomes expected client there by expanding deals income. Subsequently with this advantage, the organization ought to give steadfast client premium labor and products at premium cost.
On the off chance that the worth of the dependable client is low, the organization should attempt to make possible client. This should be possible by offering great assistance and quality item at right cost.
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Cultures that score high on the Uncertainty Avoidance Index
O seldom experience much stress.
O take an empirical approach to knowledge.
O enjoy ambiguity.
O value security and try to always follow the rules.
Answers
Answer:
seldom experience much stress.
Explanation:
countries that have high levels of uncertainty avoidance tend to be less stress-prone and more likely to take an empirical approach to knowledge. They also generally enjoy ambiguity and value security.
It is difficult to say definitively what the effects of scoring high on the Uncertainty Avoidance Index are, as every culture is different. However, in general, it seems that cultures that score higher on this index tend to experience more stress, take an empirical approach to knowledge, and value security more. They may also try to always follow the rules, which can lead to a feeling of rigidity.
The inventory management system of a manufacturing company is an example of a support activity. True or False
Answers
The given statement " The inventory management system of a manufacturing company is an example of a support activity" is true.
A manufacturing company's inventory management system is an example of a support activity. assist activities are those that are not directly involved in the production or delivery of a company's products or services but are required to assist the company's principal activities.
Human resource management, procurement, technological development, and infrastructure development are examples of support activities.
The inventory management system is an important support activity because it allows the company to efficiently manage its inventory levels and guarantee that there is a enough supply of raw materials and finished products to support the production and delivery operations.
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True. The inventory management system of a manufacturing company is an example of a support activity.
Support activities are those that provide essential support and enable the primary activities of a business to function effectively. In the case of a manufacturing company, inventory management is crucial for ensuring the availability of raw materials, components, and finished goods, thereby supporting the production and delivery of products. Support activities, also known as support functions or support processes, are essential functions within a business that provide support and enable the primary activities of the organization. These activities are not directly involved in the production or delivery of goods or services but play a crucial role in facilitating and enhancing the overall operations of the business.
Inventory management is one such support activity. It involves the control, tracking, and optimization of inventory levels within a manufacturing company. The inventory management system helps ensure that the right quantity of raw materials, components, and finished goods is available at the right time to support production and meet customer demands.
Effective inventory management is critical for maintaining adequate stock levels, minimizing stockouts and overstock situations, optimizing cash flow, reducing holding costs, and improving customer satisfaction. It involves various activities such as inventory tracking, forecasting, procurement, storage, inventory valuation, and inventory control.
By efficiently managing inventory, a manufacturing company can streamline production processes, reduce lead times, minimize carrying costs, and avoid disruptions in the supply chain. It supports the primary activities of manufacturing, such as production planning, scheduling, and order fulfillment, by ensuring the availability of necessary materials and products.
In summary, the inventory management system of a manufacturing company is indeed an example of a support activity as it supports and enables the primary activities of the business by efficiently managing inventory levels and ensuring the availability of materials and products.
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What do you avoid paying if you pay your full credit card bill by the due date
every month?
O A. Late fees
O B. Interest
C. Interest and late fees
O D. The entire balance
Answers
B. which is "Interest", If you pay your full credit card bill by the due date every month, you will avoid paying any interest charges.
However, if you miss the due date, you may be charged a late fee and interest on any remaining balance. Therefore, option C, which is "Interest and late fees", is incorrect. Option D, which is "The entire balance", is also incorrect because you still need to pay the full amount of your credit card bill, but without any additional charges.
By paying your full credit card bill by the due date every month, you avoid both interest and late fees. Interest is charged when you carry a balance from month to month, and late fees are charged when you do not make at least the minimum payment by the due date. By paying the full balance on time, you avoid both of these charges.
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How much does it cost to operate an 800 watts rice cooker for 30
minutes daily for 30 days at a rate of 40 cents/kWh?
4.90
$5.0
$4.8
$6
50µC charge passes through a cross-
Answers
The cost to operate an 800 watts rice cooker for 30 minutes daily for 30 days at a rate of 40 cents/kWh is $4.80.
Power consumed by rice cooker, P = 800 watts
Time, t = 30 minutes daily for 30 days
Rate of electricity, r = 40 cents/kWh
We need to calculate the cost of operating a rice cooker for 30 minutes daily for 30 days at a rate of 40 cents/kWh.
Total time for which rice cooker is used in 30 days = 30 × 30 minutes = 900 minutes
Total energy consumed by rice cooker in 30 days = P × t
= 800 watts × (900/60) hours
= 12,000 watt-hours
= 12 kWh
Total cost = Energy consumed × Rate of electricity= 12 kWh × 40 cents/kWh
= 480 cents
= $4.80
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In the production of loaves of bread, which best represents the factor of capital?
answer choices
a. The flour used in the dough
b. The retailer who sells the bread
c. The oven used to bake the bread
d. The worker who kneaded the dough
Answers
The flour used in the dough is the best representation of the capital factor while making loaves of bread.
What is the rationale for bakers' slicing of bread loaves' tops?Before baking bread, the dough is scored by making a slash across its surface. When baking bread, the dough rapidly expands (an effect known as "oven spring"), although this expansion can be controlled by scoring. In addition to helping the dough rise more effectively, bakers score their bread to keep it from cracking.
Why would you want to preshape or round a dough unit?A boule (round) or a cylinder of dough is often pre-shaped (log). A better rise is facilitated by pre-shaping, which also improves the structure of the dough.
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FILL IN THE BLANK. If/when/how the transfer of command takes place must be established ahead of time. Items that play a role in the transfer of command include legal mandates, rank and qualifications, incident complexity, and __________.
fatigue
weather
time of day
command post facilities
Answers
If/when/how the transfer of command takes place must be established ahead of time. Items that play a role in the transfer of command include legal mandates, rank and qualifications, incident complexity, and fatigue
What has to happen when command is transferred?Transfer of command should, wherever possible: Take place face-to-face. Include a thorough introduction. Personnel should be informed of the transfer's start and end dates.The best way to convey command is face-to-face. Radio communication is acceptable if face-to-face contact is not feasible. (ICS 201) and taking over command is the officer.All staff members who have a need to know should be informed when the command is transferred as well as the transfer's start and end dates.All individuals engaged in the event should be informed of the transfer of command's effective time and date.To learn more about face-to-face refer to:
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What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
Answers
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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which of the following is an example of the conversion strategy? multiple choice a corporation paying its shareholders a $20,000 dividend. a corporation paying its owner a $20,000 salary. a high tax rate taxpayer investing in tax exempt municipal bonds. a cash-basis business delaying billing its customers until after year end. none of the choices are correct.
Answers
Answer:
None of the choices are correct.
(Solving for
i)
You are considering investing in a security that will pay
you
$4 comma 000
in
33
years.
a. If the appropriate discount rate is
10
percent,
what is the present value o
Answers
if the appropriate discount rate is 10%, the present value of receiving $4,000 in 33 years is approximately $409.53.
To calculate the present value of a future payment, we can use the formula:
Present Value (PV) = Future Value (FV) / (1 + Discount Rate)^Time
Let's apply this formula to the given scenario:
Future Value (FV) = $4,000
Discount Rate (R) = 10%
Time (T) = 33 years
Substituting the values into the formula:
PV = $4,000 / (1 + 0.10)^33
Calculating:
PV ≈ $409.53
Therefore, if the appropriate discount rate is 10%, the present value of receiving $4,000 in 33 years is approximately $409.53.
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studies into the various factors that improve life expectancy have found that the marginal contribution of medical care is
Answers
Studies into the various factors that improve life expectancy have found that the marginal contribution of medical care is relatively small compared to other factors. While medical care plays a crucial role in treating illnesses and injuries, its impact on life expectancy is often overshadowed by factors such as lifestyle choices, genetics, and socioeconomic conditions.
Some key factors that significantly affect life expectancy include nutrition, exercise, tobacco and alcohol use, as well as environmental factors like air and water quality. Additionally, education and income levels can also influence life expectancy, as they determine access to resources and opportunities for maintaining good health.
In terms of medical care, its marginal contribution to life expectancy depends on the effectiveness of healthcare systems and the accessibility of medical services. While medical care contributes to improvements in life expectancy, especially through advancements in technology and treatments, its impact is still comparatively smaller than other factors mentioned.
To sum up, the marginal contribution of medical care to life expectancy is significant but smaller compared to other factors like lifestyle choices, genetics, and socioeconomic conditions. Focusing on improving these factors can have a greater overall impact on life expectancy.
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_____ deals with reporting to outsiders. _____ accounting deals with the internal operations of the firm.
Answers
Answer:financial accounting, managerial accounting
Explanation:
External reporting is a focus of financial accounting. Managerial accounting is concerned with a company's internal operations.
Why is managerial accounting more suitable for internal reporting?The information is more precise, timely, and specialized in managerial accounting. Since managerial accounting is not subject to GAAP, there is an infinite amount of flexibility in the kinds of reports and data gathered.
The first type of accounting was financial accounting. It is mostly limited to the creation of financial statements for use by third parties such as creditors, banks, financial institutions, shareholders, and holders of debentures.
Managerial accounting is primarily concerned with assessing the internal requirements of businesses and resolving issues that have an impact on revenue streams, overall financial stability, and long-term profitability.
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what is the difference between product value and unique selling proposition?
Answers
Answer:
USPs and value propositions often get confused
there under two different umbrella .
Keep in mind that your USP doesn’t have to revolve around a product detail (such as quality, features, or price). It can also call attention to a unique aspect of your business more broadly speaking (service, selection, speed, convenience, dependability, guarantees, customization, philanthropy, and so on).
Value propositions are longer statements than USPs because they express the tangible results or concrete outcomes (“benefits”) a customer experiences from using a company’s products or services. They serve to convince your target market they’ll get “value for their money” by describing exactly what that value is.
True or false? when creating a budget to repay your student loans, you can save money by paying only the interest.
Answers
According to the budget office, Biden's plan to cancel student loans will cost $400 billion. The Congressional Budget Office stated in a report that the cost of the White House's student loan forgiveness plan is an estimate over a 30-year period and will increase the nation's deficit.
Explain about the budget to repay student loans?
Paying more than the required minimum each month is the most effective approach to pay off student debt. The more you put toward your debts, the more you'll save on interest and the faster the sum will be paid off. Use a student loan payoff calculator to determine how quickly you might pay off your debt and how much you would save on interest.
To save money, you can pay your student loans with interest alone. Making these payments prior to graduating, or while deferring repayment, can prevent the addition of thousands of dollars in interest to the balance of your loan.
Since you'll be paying less interest, paying off your private or federal loans early can help you save thousands of dollars over the course of your loan. If you do have high-interest debt, refinancing it will make your money work harder for you.
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Business can handle risks through which of the following
Answers
Answer:
offering a wide range of products
Explanation:
Businesses handle international risks through offering a wide range of products. Also if you don't mind can you mark me as brainliest?? I need just one more to move up and become virtuoso on this site. Thank you!!
Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $325 when it produces 11,000 chairs. For this range of output, the firm is likely experiencing
Answers
Answer:
Coordination Problem
Explanation:
Below is the given values:
Average total cost of producing 10000 chairs = $300
Average total cost of producing 11000 chairs = $325
The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.
8. Kevin Cleary sales vinyl siding. He earns $6.50 per hour plus a 5 percent commission
on every sale. Kevin
worked 32 hours this week and sold $6535.00 worth of vinyl siding. What is Kevin's
commission?
What is his total gross pay for the week?
Answers
Answer:
534.75$
Explanation:
who does the term public refer to when used in accountancy
Answers
John is out shopping to buy wall decorations for his new man-cave. Which situational characteristic is influencing his behavior?
A- Social surroundings
B- Task definition
C-Temporal perspective
Temporarily feeling hungry, tired or angry are examples of
A- Antecedent states
B- Self-concept
C- None
Answers
1. The situational characteristic influencing John's behavior is A - Social surroundings.
2. Temporarily feeling hungry, tired, or angry are examples of A - Antecedent states.
1. The situational characteristic influencing John's behavior in this scenario is A - Social surroundings.
The presence of other shoppers or friends with him can affect his choices and preferences for wall decorations.
Their opinions, suggestions, or the desire to fit in with the social group may influence his decision-making process.
2. Temporarily feeling hungry, tired, or angry are examples of A - Antecedent states.
These states refer to the individual's momentary physical or emotional conditions that can impact their behavior.
When John is hungry, tired, or angry while shopping for wall decorations, it can affect his mood, patience, and overall decision-making process, potentially influencing the choices he makes.
These temporary states can influence his perception, preferences, and level of engagement in the shopping experience.
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which statement describes a main advantage of using cash over other forms of payment
Answers
The main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
How does cash eliminates overspending?While doing a physical transaction, there will not be a situation of overspending because the person can not purchase more than the cash value he/she has on him/her.
Hence, the main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
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How does M&S keep existing customers happy?
Answers
Answer:
Im not sure
Explanation:
what is the meaning of cheque stub
Answers
Answer:
A check stub is the part of a check that is kept by the payee with information such as the check number, date, and amount. ... A check stub is the part of a check that is kept by the payee with information such as the check number, date, and amount.
. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application.
Answers
Answer:
Easy & difficult part of online job application, things mentioned.
Explanation:
Part of online job application easiest to complete - Time & Place Flexibility, Less scope of inaccuracies
Difficult section - Lack of physical interaction with the organisation can make someone lack crucial information regarding organisation's favourable & unfavourable criterias, preferences.
Work experience, special skills included in application (consecutively) - Internships with prestigous organisations, Public communication & leadership skills (consecutively)
Read the following descriptions. Decide who demonstrates good habits and attitudes.
Michael likes his job. He decides to take a few finance classes so that he becomes better at his job. This will also help in case he wants to transfer to a new position in the same company.
Bryan thinks he has the best job. He thinks he is already doing the best he can and doesn't do anything to improve his skills.
Answers
Answer:
Michael demonstrates good habits and attitude
Explanation:
Michael likes his job and takes the initiative to do better so he can get a new position,however Bryan is very cocky and doesn't try to get better.
help quick!
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance
Answers
Answer: 1 3 6 or A C F
Explanation:
I just did it on the edge
Answer:
ACF
Explanation:
got it correct on Edge 2020
2. What is the name of the tendency for your body to stay “in motion" through the air
Answers
Answer:
please mark as brainliest
Explanation:
ans: Inertia
Inertia is the tendency of a body in motion to remain in motion through the air.
The name of the tendency where the body has to stay in motion via the air is inertia.
The following information related to the inertia is:
It is the resistance with respect to the physical object along with its velocity. It involved the speed variation or the motion direction.It is the object's tendency where it remains to move in the straight line having the same speed at the time when no force is acted.Therefore we can conclude that the name of the tendency where the body has to stay in motion via the air is inertia.
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