To initiate a petty cash fund on May 2, Kellie Company recorded a journal entry debiting the Petty Cash account and crediting Cash for $1,200. Over the course of several transactions, the petty cash fund was replenished and expenses were recorded using receipts.
The journal entries for the transactions related to the petty cash fund are as follows:
A. On July 5:
Debit Auto Expense $125
Debit Supplies $368
Debit Postage Expense $325
Debit Repairs and Maintenance Expense $99
Debit Miscellaneous Expense $259
Credit Petty Cash $1,176
B. On June 14:
Debit Auto Expense $425
Debit Supplies $95
Debit Postage Expense $240
Debit Repairs and Maintenance Expense $299
Debit Miscellaneous Expense $77
Credit Petty Cash $1,136
C. On June 23:
Debit Auto Expense $251
Debit Supplies $188
Debit Postage Expense $263
Debit Repairs and Maintenance Expense $182
Debit Miscellaneous Expense $203
Credit Petty Cash $1,087
D. On June 29:
Debit Petty Cash $87
Credit Cash $87
E. On June 30:
Debit Auto Expense $114
Debit Supplies $75
Debit Postage Expense $50
Debit Repairs and Maintenance Expense $121
Debit Miscellaneous Expense $39
Credit Petty Cash $399
These entries record the expenses and the replenishment of the petty cash fund. Additionally, the entry on June 29 reflects the decision to decrease the petty cash fund to $1,000. By debiting Petty Cash and crediting Cash, the company reduces the fund to the desired amount.
To know more about petty cash fund here https://brainly.com/question/29574983
#SPJ4
how can simple models help us understand a complex economy
In a complex economy, simple models can be an invaluable tool in helping to understand how the economy works.
By creating a simplified version of the economy and breaking it down into its basic components, we can gain a better insight into how the different elements of the economy interact with each other.
This can help us identify potential problems, explore potential solutions, and come up with strategies to manage the economy more effectively.
By understanding the basic principles of economics and how they affect the economy, we can create effective policies to ensure economic stability and prosperity.
By using a variety of models, such as supply and demand, game theory, and risk analysis, we can gain insight into the intricate relationships between different economic factors.
To learn more about economy, click here
https://brainly.com/question/2421251
#SPJ4
Which of the following team members would not be involved in the design of gameplay?
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
What happens to the AD curve if a ten-year-old investment tax credit expires?
If a ten-year-old investment tax credit expires, the AD (aggregate demand) curve will likely shift to the left.
An investment tax credit is a tax incentive offered to businesses to encourage them to invest in capital goods, such as machinery or equipment. When businesses receive these tax credits, they are more likely to invest in capital goods, which leads to increased aggregate demand.
However, when the tax credit expires, businesses may not have the same incentive to invest in capital goods, which can lead to a decrease in aggregate demand. This decrease can be seen as a shift in the AD curve to the left.
The size of the shift will depend on how significant the tax credit was in encouraging businesses to invest in capital goods. If the tax credit was a significant incentive, the shift in the AD curve may be more pronounced.
On the other hand, if the tax credit was relatively minor, the shift in the AD curve may be less noticeable.
Overall, the expiration of a ten-year-old investment tax credit is likely to have a negative impact on aggregate demand, and therefore, on the overall economy.
For more question on investment visit:
https://brainly.com/question/29547577
#SPJ11
If a ten-year-old investment tax credit expires, it is likely to have a negative impact on aggregate demand (AD) in the short run. An investment tax credit is a tax incentive that encourages businesses to invest in capital goods, which can increase economic growth by boosting productivity and creating jobs. When the tax credit expires, it reduces the incentive for businesses to invest in new capital goods, which can lead to a decrease in investment spending.
The decrease in investment spending can have a multiplier effect on the economy, as lower investment spending can lead to lower levels of consumption spending and lower aggregate demand. This can cause the AD curve to shift leftward, indicating a decrease in overall output and economic activity. As a result, the economy may experience a short-term slowdown, with lower levels of economic growth, lower levels of employment, and potentially higher levels of unemployment.
However, the impact on the AD curve will depend on a variety of factors, such as the size of the tax credit, the state of the economy, and the response of businesses and consumers to changes in economic incentives. In general, the expiration of a tax credit is likely to have a negative impact on AD, but the extent of the impact may vary depending on the specific circumstances.
Learn more about investment tax here:
https://brainly.com/question/13077963
#SPJ11
The steps used by businesses to develop a customer profile survey include___.
O market research
O surveys
O marketing mix
O individualize
Answer:
A,B, D:
Market Research
Surveys
Individualize
I just got a 100 on this quiz
The steps used by businesses to develop a customer profile survey include surveys.
What are Surveys?In order to gather information about a service, product, or process, a survey is described as the act of looking at a process or questioning a predetermined sample of people.
Surveys used to gather data ask a specific set of people about their beliefs, actions, or knowledge.
Further Surveys provide a rich collected data or learning ability more in areas like demography and social research. Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys may have narrow, specialized objectives or they may have more general, extensive objectives.
Therefore for business to develop customer profile survey they start with market survey & make results out of it.
To know more about Surveys refer:
https://brainly.com/question/20116544
#SPJ2
Calculate the FV for the following 3 scenarios. Investment scenario #1:
You invest $1,000 (PV) for 10 years (n) at an interest rate of 5% (r). What is the amount you would receive at
the end of 10 years (FV)?
Investment scenario #2:
You invest $5,000 (PV) for 20 years (n) at an interest rate of 8% (r). What is the amount you would receive at
the end of 20 years (FV)?
Investment scenario #3:
You invest $10,000 (PV) for 30 years (n) at an interest rate of 12% (r). What is the amount you would receive
at the end of 30 years (FV)?
PLEASE ANSWER WITH WORK SHOWN :)
Answer:
?
Explanation:
Answer:
$2191.12
Explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
FV=C_0\times (1+r)^n, where,
C_0=\text{Initial amount},
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
4\%=\frac{4}{100}=0.04
FV=\$1,000\times (1+0.04)^{20}
FV=\$1,000\times (1.04)^{20}
FV=\$1,000\times 2.1911231430334194
FV=\$2191.1231430334194
FV\approx \$2191.12
Therefore, the bond would be $2191.12 worth in 10 years.
Use View Duty Status to view duty status for one Member at a time. (True or False)
True, the View Duty Status feature is designed to allow you to view the duty status of one member at a time.
This tool is particularly useful for tracking individual responsibilities and progress within a team or organization. By focusing on a single member's duty status, you can gain insight into their workload, deadlines, and completed tasks. This information can then be used to inform decision-making and resource allocation within the group.
Moreover, keeping track of individual duty statuses ensures that each member is accountable for their work, promoting a more efficient and collaborative environment. In summary, the View Duty Status feature is a valuable resource for managing tasks and responsibilities on a one-on-one basis.
To learn more about organization click here
brainly.com/question/30955895
#SPJ11
economic development that meets the needs of the present without compromising the needs of future generations is called:_____.
Sustainable development is defined as economic growth that satisfies present needs without jeopardizing those of future generations.
What does economic sustainable development mean?"Sustainable development," a method of economic planning, attempts to foster economic growth while preserving the environment's quality for future generations. Sustainable development techniques help a nation adapt its growth to the issues brought on by climate change, safeguarding essential natural resources for both the present and the future.
Give three reasons why sustainable development is important for the economy.utilizing the resources at hand wisely and attempting to keep the ecological balance. 2.To prevent degradation of the environment and focusing emphasis on conserving the environment. 3. To stop the overuse of resources.
To know more about Sustainable development visit:-
https://brainly.com/question/17411145
#SPJ4
A retailer is an intermediary that sells to _____.
A retailer is an intermediary that sells to consumers or end users.
A retailer is a business entity that operates between manufacturers or wholesalers and consumers. They purchase goods in bulk from manufacturers or wholesalers and then sell them to individual consumers or end users. Retailers play a crucial role in the distribution channel by providing a convenient and accessible point of sale for consumers to purchase goods or services.
They offer a variety of products and services tailored to the needs and preferences of the target market. Retailers can be found in various forms such as brick-and-mortar stores, online platforms, or a combination of both. Their primary focus is on satisfying the demands of individual consumers.
For more questions like Retailer click the link below:
https://brainly.com/question/29307454
#SPJ11
What type of communication would take the MOST planning?
A an email to a teacher about a late assignment
B a research paper on civil engineering
C a text to friends about an upcoming party
D a response to a discussion question
Answer: I could be wrong .. so I'm sorry if it is but I think it's B, I will take the test and confirm
Explanation:
sorry if wrong :(
In the United States, there are various forms of economic oversight that are performed by the government. Sometimes the government will step in when they feel the need to encourage competition in a particular industry and to break up companies that have nearly complete control over a particular market. What is this called when the government initiates action against companies that appear to have too much power?
Antitrust laws initiate action against companies that appear to have too much power.
Antitrust laws are rules that promote competition by restricting a firm's ability to dominate the market. This frequently entails dismantling monopolistic enterprises as well as making sure mergers and acquisitions don't excessively concentrate market power.
Additionally, cartels or groups of companies working together to restrict competition through tactics like price fixing are prohibited by antitrust laws. Antitrust law has developed into distinct legal expertise as a result of the difficulty in determining what actions may restrict competition.
Federal antitrust laws are currently enforced by the Federal Trade Commission, often in cooperation with the Department of Justice.
Learn more about antitrust laws here:
https://brainly.com/question/28044562
#SPJ9
Hanover Tech is currently an all-equity firm that has 320,000 shares of stock outstanding with a market price of $19 a share. The current cost of equity is 15.4 percent and the tax rate is 36 percent. The firm is considering permanently adding $1.2 million of debt with a coupon rate of 8 percent to its capital structure. The debt will be sold at par value. What is the levered value of the equity?
a. $5.209 million
b. $5.312 million
c. $5.436 million
d. $6.512 million
e. $6.708 million
The levered value of the equity is option D. $6.512 million.
Leveraged equity is the inventory of a agency that has considerable debt, which is likewise called leverage. due to the fact the organisation operates basically with the aid of the use of debt, leveraged equity includes more risk than traditional fairness. depending upon the amount of leverage a company has, it is able to be as volatile as debt.
Leverage is an funding method of using borrowed cash—specifically, using various economic instruments or borrowed capital—to growth the capacity return of an investment. Leverage can also talk over with the amount of debt a company makes use of to finance assets.
Calculation:-
The value of levered equity
Value = Equity + Debt
= (320000 × 19) + (36 % × 1200000)
= $6512000
or $6.512 million
Learn more about levered equity here:-https://brainly.com/question/15847781
#SPJ4
The tax multiplier equals the change in ________ divided by the change in ________.
The tax multiplier equals the change in equilibrium real GDP divided by the change in taxes.
What is a Tax Multiplier?The eventual rise in real GDP that will follow from a change in taxes is revealed by the tax multiplier. It's interesting to note that the tax multiplier is always exactly one less than the expenditure multiplier. Since lower taxes boost consumption, total spending, and income, while higher taxes decrease these factors, the tax multiplier has a negative sign. The phrase in brackets, in the case of a proportional tax, is a new multiplier. The marginal inclination to consume divided by one minus the marginal propensity to consume yields the simple tax multiplier. The simple expenditures multiplier, which gauges the change in aggregate production brought on by adjustments to an autonomous expenditure, is a related multiplier.
Hence, The tax multiplier equals the change in equilibrium real GDP divided by the change in taxes.
To learn more about Tax Multiplier click,
https://brainly.com/question/22936542
#SPJ4
If the Commission for Sport and Events contributes $45 million dollars towards the construction of a new sport venue, what type of financing option is most likely being used
The financing that is most likely being used for this construction are taxation or government securities issuance.
Sources of government financing Government can raise funds from taxing the people they govern.They can also raise funds by issuing securities such as notes to the public.The agency behind the construction of the venue is a governmental agency which means that it is most likely raising funds from one of the two methods described.
Find out more on government finance at https://brainly.com/question/342292.
abigail bought 28 shares of stock at $30.00 per share. she received dividend of $49.50 during the year. at the end of the year, her stock was valued at $43.50 per share. what was her ROI?
If her stock was valued at $43.50 per share. Her ROI is:50.89%
Return on investmentFirst step
Purchase price=(28×$30)-(28×$43.50)
Purchase price= $840-$1218
Purchase price=$378
Gain in value=$378+ $49.50
Gain in value=$427.5
Second step
ROI=$427.5/$840×100
ROI=50.89%
Therefore the ROI is $15.89%.
Learn m ore about ROI here:https://brainly.com/question/15726451
#SPJ1
An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
For such more questions on international business:
brainly.com/question/14690606
#SPJ11
What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
Learn more:
https://brainly.com/question/18468755?referrer=searchResults
calculate the approximate annual rate of return on investment that nadak co's cash discount terms represent to customers who take
We must establish the effective yearly interest rate in order to determine the approximate annual rate of return on investment for Nadak Co.'s cash discount terms.
The cash discount is a price reduction offered for paying promptly, typically within a predetermined timeframe. Calculating the rate of return is as follows:The effective yearly interest rate is calculated as follows: (1 - (discount rate / 100))(365/discount period) - 1 The effective annual interest rate would be as follows if the discount rate was 10% and the discount period was 100 days: Effective yearly interest rate = (365/100 - 1 - (10/100)). Effective yearly interest rate is equal to (0.9)(3.65)-(1). Effective yearly interest rate is equal to -0.1113. Annual effective interest rate: -0.887 Therefore, the cash discount terms for Nadak Co. would have an expected annual rate of return of -88.7%. Taking the discount results in a net loss over the course of a year, according to this negative rate of return.
learn more about Interest rate here:
brainly.com/question/30259728
#SPJ4
What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
Read more about Discount
brainly.com/question/912869
what best defines form
Answer:
the shape and structure of something as distinguished from its material the building's massive form.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
Read more about net income here:
https://brainly.com/question/28390284
#SPJ1
For my personal finance class
Which of the following is an example of the paradox of value?
a. You might choose an inflatable raft over a luxury car if you are adrift at sea
b. You might choose a diamond over a bottle of water if you really love dressing up
c. You might choose a hamburger over a veggie burger at a fast-food restaurant
d. You might choose a pair of socks over a hat if you are feeling cold
Answer:
b because diamonds dressing up
You just won the lottery. congratulations! the jackpot is $10,000,000, paid in eight equal annual payments. the first payment on the lottery jackpot will be made today. in present value terms, you really won —assuming annual interest rate of 8.00%.
Answer:
An annuity that pays $1,000 at the beginning of each year
PTM of the annuity selling for 2,541.15 $ 437.50
Present value of the Jackpot: $62,063,701
Explanation:
Because is at the beginning, the 1,000 will be generating interest right away.
So even the 500 at the beginning will have a slightly higher rate, it cwon't compensate the 1,000 upfront.
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
Pablo gets his dog’s hair cut every month. He pays $10 a cut, once a month. The salon is offering a new sale. The sale offers 1 cut per month, for 3 months for $25. Should Pablo get this new sale price?
Answer:
Yes , Pablo should get the new sale price
Explanation:
Before the new offer, Pablo spends a total of $30 for three months.
( $10 x 3 months).
With the new offer, It will cost Pablo $25 in hair cuts for three months.
The new price is cheaper by $5.
Pablo will save $5 with the new sale price.
the cost of producing x units of stuffed alligator toys is c ( x ) = 0.001 x 2 7 x 5000 . find the marginal cost at the production level of 1000 units.
The cost of producing x units of stuffed alligator toys is c ( x ) = 0.001 x 2 7 x 5000 then the marginal cost at the production level of 1000 units is $8.
The marginal cost represents the additional cost incurred by producing one additional unit of output. To calculate the marginal cost, we need to find the derivative of the cost function with respect to the number of units produced (x) and evaluate it at the production level of 1000 units.
The given cost function is c(x) = 0.001x^2 + 7x + 5000. To find the marginal cost, we take the derivative of this function:
c'(x) = 0.002x + 7
Now we substitute x = 1000 into the derivative to find the marginal cost at the production level of 1000 units:
c'(1000) = 0.002(1000) + 7 = 2 + 7 = 9
Therefore, the marginal cost at the production level of 1000 units is $9.
It's worth noting that the given cost function is in the form of a quadratic function, where the coefficient of the x^2 term determines the shape of the cost curve. In this case, since the coefficient is positive (0.001), the cost function exhibits increasing marginal cost as the production level increases.
Learn more about marginal cost
https://brainly.com/question/14923834
#SPJ11
Demand-oriented, cost-oriented, profit-oriented, and competition-oriented are four approaches used to set ______.
The 4 approaches to set approximate price level includes Demand-oriented, cost-oriented, profit-oriented, and competition-oriented.
In marketing, the determination of the price of a product or services can take different approach which includes:
Demand-oriented: This method attempts to set price at level that intended buyers are willing to pay.Cost-oriented: This method of pricing attempts to set price at the level that will cover the total cost incurred for producing the product.
Profit-oriented: This method of pricing attempts to set price at the level that guarantees the company's profitability
Competition-oriented: This method of pricing attempts to set price while considering competition of other company
Therefore, the four approaches are used to set approximate price level.
Learn more about this here
brainly.com/question/7452044
If the design department has an effective capacity of 6500 widgets per day, but the recent efficiency measures is at 104%. Determine the expected production for the planning period.
Design is an important aspect of any manufacturing process, as it can greatly impact the efficiency and capacity of production.
In this scenario, the design department has an effective capacity of 6500 widgets per day, indicating that they are able to produce up to this amount under optimal conditions. However, the recent efficiency measures show that they are operating at 104%, which means that they are producing more than their effective capacity. To determine the expected production for the planning period, we need to consider the impact of this increased efficiency. If we assume that the 104% efficiency rate will continue, then the expected production for the planning period would be 6760 widgets per day (6500 x 1.04). This means that the design department would be able to produce more widgets than their effective capacity, which could be beneficial for meeting demand or increasing profitability.
Learn more about manufacturing from here:
https://brainly.com/question/17052484
#SPJ11
Sarah has an annual salary of $54000. If her income tax rate is 22%, find the amount of her taxes, her net annual, and net monthly salary.
Taxes:
Net Annual Salary:
Net Monthly Salary:
Sarah has to pay $11,880 in taxes annually, her net annual salary is $42,120, and her net monthly salary is $3,510.
To calculate the amount of taxes that Sarah has to pay, we need to multiply her annual salary by her tax rate. So, the amount of taxes that Sarah has to pay is:
Tax = Annual Salary x Tax Rate
Tax = $54,000 x 0.22
Tax = $11,880
Therefore, Sarah has to pay $11,880 in taxes annually.
To find Sarah's net annual salary, we need to subtract the amount of taxes she has to pay from her annual salary. So, her net annual salary would be:
Net Annual Salary = Annual Salary - Taxes
Net Annual Salary = $54,000 - $11,880
Net Annual Salary = $42,120
Therefore, Sarah's net annual salary is $42,120.
To find Sarah's net monthly salary, we need to divide her net annual salary by 12 (the number of months in a year). So, her net monthly salary would be:
Net Monthly Salary = Net Annual Salary / 12
Net Monthly Salary = $42,120 / 12
Net Monthly Salary = $3,510
Therefore, Sarah's net monthly salary is $3,510.
In summary, Sarah has to pay $11,880 in taxes annually, her net annual salary is $42,120, and her net monthly salary is $3,510.
For more such questions on taxes annually visit:
https://brainly.com/question/30157668
#SPJ11
A forensic accountant is similar to a(n) ______
because they both work to combat accounting fraud
A. international accountant
B. auditor
C. certified public accountant
D. general ledger accountant
SUBMIT
Answer:
B. auditor
Explanation:
The work of an auditor and that of the forensic accountants are very similar. They both examine financial records and statements of an organization to confirm their accuracy. The auditor and forensic accountant are specialized officers. They have been trained to detect fraudulent reporting in financial statements. After evaluating the books of account, they form an opinion based on their findings.