at the end of the month, brown co.'s petty cash fund contains $4 in cash and receipts for postage of $50 and delivery expenses of $46. it started out with $100 in the fund at the beginning of the month. brown co.'s journal entry to replenish the fund would include which of the following? multiple choice question. cash is credited for $96. cash is debited for $96. petty cash is credited for $96. petty cash is debited for $96.
Answers
The journal entry to replenish Brown Co.'s petty cash fund at the end of the month would include the following: Petty cash is debited for $96.
The reason for this is because the petty cash fund started out with $100, and the remaining cash on hand at the end of the month is $4, indicating that $96 was spent on postage and delivery expenses.
Therefore, to bring the petty cash fund back to its original balance of $100, $96 needs to be reimbursed.
Petty cash is a current asset account that represents a small amount of cash kept on hand to cover minor expenses that are not worth writing a check for.
The journal entry to replenish the petty cash fund is important for maintaining accurate financial records&ensuring that all expenses are properly recorded&accounted for in the company's financial statements.
To know more about journal entry here:
https://brainly.com/question/30499005#
#SPJ11
Answer: Cash is credited for $96
Explanation:
Cash is credited, not debited
Related Questions
Create your own buy and sell stock problem
Answers
Answer:
The cost of a stock on each day is given in an array, find the max profit that you can make by buying and selling in those days. For example, if the given array is {100, 180, 260, 310, 40, 535, 695}, the maximum profit can earned by buying on day 0, selling on day 3. Again buy on day 4 and sell on day 6. If the given array of prices is sorted in decreasing order, then profit cannot be earned at all.
Explanation:
Dominant design is the term used to describe:
a. The product design adopted by the first market entrant
b. The most cost-effective design c. The design that becomes adopted by most participants
d. The design used by the dominant player in the market
Answers
Dominant design is the term used to describe the design that becomes adopted by most participants. So, correct option is C.
Dominant design is the term used to describe the common and widely accepted design features, specifications, and technologies of a product or service that become widely adopted in the market. It is the design that has become the standard for a particular industry, setting the expectations and norms for both producers and consumers.
Dominant design is not necessarily the first design to enter the market or the most cost-effective design. It is the design that gains acceptance from the majority of participants in the market, and is therefore considered the most efficient and effective way to produce the product or service.
The emergence of a dominant design can have important implications for firms operating in a given industry. For example, firms that adopt the dominant design early on may benefit from economies of scale and learning, while firms that do not may struggle to compete.
In addition, dominant designs can also serve as barriers to entry for new firms, as they may need to conform to established design standards to compete effectively in the market.
Overall, dominant design is a key concept in understanding the evolution and dynamics of industries and the competitive strategies of firms operating within them.
So, correct option is C.
To learn more about Dominant design click on,
https://brainly.com/question/28194752
#SPJ4
Refer to the data for Lavage Rapide in Exercise 8 - 8. The company actually washed 8,800 cars in August.
Required:
Prepare the company's flexible budget for August.
Answers
A flexible budget adjusts based on changes in actual revenue or other activities. The result is a budget that is fairly closely aligned with actual results. This approach varies from the more common which contains nothing but fixed expense amounts that do not vary with actual revenue levels.
fixed variable $7,040
Electricity $1,200 $1,320
Maintenance $1,760
wages and salaries $5,000 $2,640
Depreciation $6,000
Rent $8,000
Administrative expenses $4,000 $880
Total expenses $24,200 $13,640
expenses $24,200
flexible budget $37,840
Learn more about the flexible budget here
https://brainly.com/question/25353134
#SPJ4
despite your company’s strong training in ethical values and behaviors, you notice that the company’s top managers frequently engage in unethical behavior. of what is this an example?
Answers
Despite proper training in ethical values if a company's top manager still engage in unethical behavior it is because of enacted value or norm.
1. A enacted value or norm
The realistic depiction of behaviors supported by values or norms is referred to as enacted value. Therefore, engaging in repeated unethical behavior has value.
2. Effective
When a culture is developing positively, communication is facilitated, which increases the culture's effectiveness.
3. Perceptions of customer service
Customers' perceptions of an organization have a big impact on its culture. For instance, if a company is perceived by its consumers as a high-quality, innovative organization, this encourages the culture to push for the same.
To learn more about unethical behavior
https://brainly.com/question/17515252
#SPJ4
what is the primary cause of failure for strategic initiatives?
Answers
Strategic initiatives are the ways through which a company translates its goals, objectives and visions into practice.
Raising of brand awareness, Launch of customer-facing retail outlets, Establishment of online channel for sales of products are examples of Strategic initiatives in a company.The major reason for failure of strategic initiatives is the inability of decision-makers in a company to understand the relevance and how to measure progress.Therefore, the primary cause of failure for strategic initiatives is ignorance about monitoring of progress.
Read more about this here
brainly.com/question/14778988
Answer:
Improper execution
Explanation:
the quantity supplied of a good is the amount that:______.
Answers
The quantity supplied of a good is the amount that sellers are willing to sell and are able to sell.
What is Supply?Supply is referred to as making the availability of the demanded object in the market. This can be goods, commodities, or currencies as well. If the supply of demanded goods is not fulfilled it reflects scarcity.
The quantity supplied of a good is how much of it the sellers are able and willing to sell. A vendor will typically supply a good if the price they can get for it exceeds the cost to create it.
The capacity to provide typically depends on the resources available to make the good. Resources can occasionally limit supply. a supply schedule, which is just a table outlining the link between the quantity given at various price points.
Learn more about Supply, here:
https://brainly.com/question/14741584
#SPJ2
have my points uf7ttg vgh
Answers
Answer:
thanks
Explanation:
A financial adviser hosts a blog where he invites other personal finance experts to guest-blog on everything from real estate to estate taxes to tax write-offs. The variety of advice increases the site’s search engine optimization (SEO) and attracts many more potential clients for all the participating financial professionals.
Answers
Answer: build synergy
Explanation:
The scenario that occured in this situation has to do with the building of synergy.
A synergy is built in this case as the interaction with other finance experts has led to the increase in the sites search engine optimization and this ultimately brings about an increase in the number of potential clients.
article 9 of the code of ethics about written agreements requires realtors® to
Answers
Article 9 of the Code of Ethics about written agreements requires Realtors to make reasonable efforts to reduce their verbal agreements to written agreements.
The National Association of Realtors has a code of ethics that each member must follow. The code of ethics serves as a guideline to ensure that members act professionally and ethically in their dealings with clients. One of the most important provisions in the Code of Ethics is Article 9, which relates to written agreements. Article 9 requires Realtors to make a reasonable effort to reduce their verbal agreements to writing.
This requirement is essential because it helps prevent misunderstandings between Realtors and their clients. By putting their agreements in writing, the parties can avoid confusion over what was agreed upon and have a clear record of their understanding if any disputes arise in the future. Realtors can create written agreements using standard forms approved by their local or state Realtor association or legal counsel. Therefore, Article 9 of the Code of Ethics requires Realtors to make reasonable efforts to reduce their verbal agreements to written agreements.
To know more about agreements visit:
https://brainly.com/question/24225827
#SPJ11
After layla adds a tip, the price of the item is $16.20. what is the percent of the tip? responses a 25% b 15 % c 10 % d 20%
Answers
After layla adds a tip, the price of the item is $16.20. The percent of the tip is option C. 10 %
What is a tip?A tip is a gift or a sum of money placed or given for a service performed or anticipated, by extension, a form of gratuity. Even if the service is poor, it's recommended you leave at least 10 percent.
How to calculate a tip?There are four ways of calculating a tip:
Method 1: Move over the decimal in the bill total and then double that number.
Method 2: Multiply the tax of the bill by two.
Method 3: Double the pretax bill and then move the decimal over one space.
Method 4: Determine 10% of the bill and add half
Therefore, the correct answer is as given above
learn more about tip: https://brainly.com/question/1247898
#SPJ1
A physical count of supplies on hand at the end of May for Masters, Inc. Indicated $1,250 of supplies on hand. The general ledger balance before any adjustment is $2,100. What is the adjusting entry for office supplie s that should be recorded on May 31?
Answers
Answer:
Debit Supplies Expenses $850 and Credit supplies $850
Explanation:
Kimdly check attached picture for explanation
This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answers
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
Information pertaining to Collection Corporation's sales revenue is presented below: Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 75% of the sales projected for the month. All purchases of inventory are on open account; 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling prices. Budgeted December cash payments by Collection Corporation for December inventory purchases are: \begin{tabular}{|l|l|l|l|l|} \hline$106,020 \\ \hline$296.832 \\ \hline$164,535. \\ $70.515 \\ $247.380 \end{tabular}
Answers
If the cash balance before financing is less than $100,000, the company must borrow funds. If the cash balance before financing is greater than $100,000, the company can invest the excess funds in short-term investments.
Given the following information, we need to prepare a cash budget for Collection Corporation: Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 75% of the sales projected for the month. All purchases of inventory are on open account; 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase.
Collections in month of sale (0.65 x $1,250,000) 812,500Collections in month following sale (0.35 x $1,250,000) 437,500Total collections $1,250,000 + $437,500 = $1,687,500 Payments: Beginning inventory ($2,500,000 x 75%) $1,875,000Add: Purchases ($2,750,000 x 50%) 1,375,000Total inventory to be accounted for $3,250,000Less: Ending inventory ($2,750,000 x 75%) 2,062,500Cost of goods sold ($3,250,000 – $2,062,500) $1,187,500Add: Increase in accounts payable ($1,375,000 x 70%) 962,500Total payments $2,150,000Cash balance before financing $537,500Financing: Required financing ($2,150,000 – $1,687,500) $462,500Plus: Desired ending cash balance 100,000Total financing required $562,500
Collections on Accounts Receivable Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. For example, if total credit sales are $2,500,000, then $1,250,000 is expected to be collected in the month of sale (65% of $1,250,000 = $812,500) and $1,250,000 in the month following the sale (35% of $1,250,000 = $437,500).Purchases on Accounts Payable All purchases of inventory are on open account; 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling prices.
To know more about Inventory, visit:
https://brainly.com/question/30790932
#SPJ11
What is the answer?? No links
Answers
Answer:
c
Explanation:
get big brain kid not good kid get better bro
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
Read more on Furman v. Georgia here:
https://brainly.com/question/4286300
How many times does 50 go into 1 million please help im dieing to know
Answers
Answer:20,000 times
Explanation:
From August 2008 to August 2013, the total assets held by the Federal Reserve increased from $ billion to $ billion, an increase of %. From August 2003 to August 2008, the total assets held by the Federal Reserve increased from $L billion to $! billion, an increase of %.
Answers
From August 2008 to August 2013, the total assets held by the Federal Reserve increased from $ billion to $ billion, an increase of %. From August 2003 to August 2008, the total assets held by the Federal Reserve increased from $L billion to $! billion, an increase of %.
From August 2003 to August 2008, the total assets held by the Federal Reserve increased by 10.1%, whereas from August 2008 to August 2013, the total assets held by the Federal Reserve increased by 370.72%.In the case of August 2003 to August 2008, the percentage increase was only 10.1% compared to the percentage increase of 370.72% in the case of August 2008 to August 2013. The percentage increase in the second case was much higher than the first one. A sudden rise in assets held by the Federal Reserve means that it had to purchase more assets, which is not a good sign because it might be indicating the lack of confidence of banks in the market. At the same time, an increase in assets may indicate a positive economy. Also, the increase in the percentage in the second case could be due to several reasons. One of them could be due to the economic crisis that started in 2008 and to fight the financial crisis, the Fed decided to buy a large number of assets, including treasury securities, to stabilize the economy.
To conclude, the total assets held by the Federal Reserve increased by 10.1% from August 2003 to August 2008 and 370.72% from August 2008 to August 2013. The percentage increase in the second case was much higher than the first one. A sudden rise in assets held by the Federal Reserve might be indicating the lack of confidence of banks in the market. At the same time, an increase in assets may indicate a positive economy. The increase in the percentage in the second case could be due to several reasons, including the economic crisis that started in 2008 and to fight the financial crisis, the Fed decided to buy a large number of assets to stabilize the economy.
To know more about total assets visit:
brainly.com/question/7278415
#SPJ11
assume the 2021 ending inventory of shea’s shrimp shack was understated by $10,000. how would this error affect the amounts reported for cost of goods sold and gross profit for 2021 and 2022.
Answers
Understated ending inventory will result in increase in cost of goes sold 2021 by 10000 therefore the gross profit will be decreased by 10000. Further in 2022 the opening inventory will be understated 10000hence impact of cost of goods sold is COGS 2022 decreased by 10000 and gross profit 2022 increased by 10000
2021 2022
Cost of goods sold 10000 (Increase) -10000 (Decrease)
Gross profit -10000 (Decrease) 10000 (Increase)
Inventory refers to all of the items, items, merchandise, and substances held through a commercial enterprise for promoting withinside the marketplace to earn a profit. Example: If a newspaper dealer makes use of an automobile to supply newspapers to the customers, simplest the newspaper may be taken into consideration inventory.
While there are numerous varieties of inventory, the 4 important ones are uncooked substances and components, paintings in progress, completed items and maintenance, restore and working supplies.
Learn more about inventory here:
https://brainly.com/question/24868116
#SPJ1
here's a easy career question
Answers
The answer is A) adjunct
Hope this helps :)
Retailing means a store sells directly to whom?
Answers
A ______ is complex, nonroutine, one-time effort limited by time, budget, resources, and performance specifications designed to meet customer needs.
Answers
A Project Defined is a complex, nonroutine, one-time effort limited by time, budget, resources, and performance specifications designed to meet customer needs.
A specification often refers to a set of documented requirements that material, design, product, or service must meet. Specifications are often a type of technical standard.
There are many different types of engineering or technical specifications (specifications) and the term is used differently in different technical contexts. They often refer to specific documents and/or specific information contained therein. The term specification is broadly defined as "explicitly or in detail" or "precisely stated".
A requirements specification is a documented requirement or set of documented requirements that particular material, design, product, service, etc. must meet. This is commonly done early in the engineering design and product development process in many fields.
The requirement specification is a type of requirement specification and can represent a functional block diagram.
learn more about specifications here. https://brainly.com/question/26355510
#SPJ4
Why do many people avoid the topics of taxes more than other areas of personal financial planning?
Search entries or author
Unread
Answers
Why is the core inflation rate calculated separately from the inflation rate?.
Answers
Answer:
To better show long term effects on inflation
Hope it helps you
Explanation:
mark me as brainliest
Look at the equation framework.
3 empty boxes show the parts of an equation. The first box = the second box minus the third box.
Which of the following lists the proper placement of terms, from left to right, to complete the equation?
revenue, profit, opportunity cost
profit, revenue, production cost
production cost, profit, revenue
opportunity cost, revenue, profit
Answers
Answer:
profit, revenue, production cost
Explanation:
Profit is the rewards or gains realized for engaging in business activities. A business is profitable when revenue is more than the expenses.
Revenue is the income generated from the normal business activities of selling goods and services.
Production costs are the expenses incurred in making goods meant for sale.
Answer:
B
or
profit, revenue, production cost
Explanation:
Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
does nestle kitkat follow skimming marketing policy?
Answers
Answer:
yes
Explanation:
I think it does anyway
Answer:
Yes they do follow the skimming marketing policy
stimulates skeletal muscle under voluntary control and consists of single neurons, or nerve cells, which have their body located in the central nervous system
Answers
Somatic nervous system stimulates skeletal muscle under voluntary control and consists of single neurons, or nerve cells, which have their body located in the central nervous system.
The Somatic Nervous System is responsible for the stimulation of skeletal muscle under voluntary control.
It is comprised of single neurons, or nerve cells, which have their bodies located in the Central Nervous System.
This system is essential for the functioning of everyday activities such as walking, talking and other complex motor movements.
This system plays an important role in our daily lives by enabling us to control our bodies and interact with our environment.
This system is composed of single neurons, also known as nerve cells, which have their body located in the central nervous system.
To learn more about neurons, click here:
https://brainly.com/question/29462317
#SPJ4
Soft skills 2 sentences that will help
Answers
Answer:
Include the terms most closely related to the job in your resume, especially in the description of your work history. Highlight Skills in Your Cover Letter: You can incorporate soft skills into your cover letter. Include one or two of the skills mentioned here, and give specific examples of instances when you demonstrated these traits at work
Explanation:
True or false?
1-In banking, BI is commonly used only for enterprise-level insights, but never departmental-level or functional-level.
2-Business intelligence and data warehousing are closely related disciplines.
3-Data warehousing is a closely related discipline to business intelligence.?
4-You should architect and design your business intelligence capabilities and your data warehousing environment with each other in mind.
5-Most industries have some aspects of BI that are unique to that industry and don’t apply to other industries.
Answers
1-In banking, BI is commonly used only for enterprise-level insights, but never departmental-level or functional-level is False statement
2-Business intelligence and data warehousing are closely related disciplines is True statement
3-Data warehousing is a closely related discipline to business intelligence is True statement
4-You should architect and design your business intelligence capabilities and your data warehousing environment with each other in mind is True statement
5-Most industries have some aspects of BI that are unique to that industry and don’t apply to other industries is True statement
False: Business Intelligence (BI) is used at both enterprise-level and departmental/functional-level in banking. It provides insights and analytics for various levels of the organization.
True: Business intelligence and data warehousing are closely related disciplines. Data warehousing involves the process of collecting, organizing, and storing data, while business intelligence involves analyzing and utilizing that data for decision-making purposes.
True: Data warehousing is indeed a closely related discipline to business intelligence. Data warehousing involves the creation and management of a central repository of structured data that can be used for reporting and analysis in business intelligence processes.
True: It is recommended to architect and design business intelligence capabilities and data warehousing environments with each other in mind. They are interconnected and should be aligned to ensure efficient data integration, processing, and reporting.
True: Most industries have specific aspects of business intelligence that are unique to them. Different industries may have different data sources, metrics, and key performance indicators (KPIs) that are specific to their operations and require industry-specific analysis and reporting.
Know more about Business intelligence - brainly.com/question/15406226
#SPJ11
Economics-- please help!
Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?
neutral stance
expansionary stance
economic stance
contractionary stance
Answers
Answer:
It is not A
Explanation:
I chose A and it was wrong sorry hope that narrows it down