A $135 petty cash fund has cash of $28 and receipts of $110. the journal entry to replenish the account would include a Credit to cash over and Short of $3.
Cash Over and Short Account is a record in the general ledger. The record stores the sum by which the genuine completion cash balance varies from the outset book equilibrium of money available, give or take any recorded money exchanges during the period.
A firm ought to note occasions of money fluctuations in a solitary, effectively open record. This cash over-account ought to be named a pay proclamation account, not a business ledger because the recorded mistakes can increment or diminish an organization's benefits on its pay explanation.
A Petty Cash Fund is a limited quantity of organization cash, frequently kept closed, to pay for minor or coincidental costs, for example, office supplies or representative repayments.
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In ______ plans, the employer allocates a certain amount of money to each employee and lets the employee spend that money for benefits that suit him or her. group of answer choices
In Cafeteria plan plans, the employer allocates a certain amount of money to each employee and lets the employee spend that money for benefits that suit him or her.
Work of Cafeteria PlanAlthough it has nothing to do with food, a cafeteria plan receives its name from a cafeteria. Before payroll taxes are calculated, employees can select the benefits of their choosing from a pool of possibilities supplied by their employers, just like people make meal choices in cafeterias. As workforce diversity increases and workers look for more individualized benefits that are catered to their requirements, these plans become increasingly beneficial.
The insurance choices available under cafeteria plans include contributions to health savings accounts (HSAs), group term life insurance, and disability insurance.
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During june, buttrey corporation incurred $79,000 of direct labor costs and $19,000 of indirect labor costs. the journal entry to record the accrual of these wages would include a:_________
Answer: debit to work in Process of $79,000.
What is journal entry?A journal entry is used to record a business transaction in the company's accounting records. The main ledger is where journal entries are frequently made, however they can alternatively be created in a subsidiary ledger and then rolled forward into the general ledger after being summarized. After that, financial statements for the company are generated using the general ledger.
According to the logic underlying a journal entry, every business transaction should be documented in at least two locations (known as double entry accounting). For instance, the income account and the cash account are both boosted when you make a cash sale. Alternately, raising the accounts payable and inventory accounts results from making purchases on credit.
Explanation:
Cost of direct labor: $79,00 and
$19,000 is indirect labor costs
Work in process is debited and factory payroll is credited when direct labor costs are allocated to it.
Manufacturing overhead is deducted and factory payroll is credited when direct labor costs are attributed to work that is already in progress.
In order to record the accrual of Direct labor expenses, a journal entry would need to debit work in process by $79,000 and credit factory payroll by the same amount.
In order to record accrual of indirect labor costs, a journal entry would debit manufacturing overhead by $19,000 and credit factory payroll by the same amount.
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An institution that gives households and corporations access to direct finance is called ________.
An institution that gives households and corporations access to direct finance is called a brokerage
This is further explained below.
What is brokerage?Generally, A brokerage firm's primary function is to play the role of a middleman, connecting potential buyers and sellers in order to make a transaction possible.
The compensation received by full-service brokerage firms might take the form of a set yearly fee or fees per transaction.
Although they provide a certain amount of free stock trading, online brokers charge commissions and fees for additional services.
In conclusion, A brokerage is a kind of financial institution that provides access to direct financing for individuals, businesses, and other organizations.
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Has its assembly operations performed by finer inc, a firm that deals exclusively in assembling products for other companies. this scenario indicates that ban corp. engages in the practice of:_________
The scenario indicates that ban corp engages in the practice of outsourcing.
What is outsourcing?
Hiring a third party to do tasks, manage operations, or provide services on the company's behalf is referred to as outsourcing in business.
The building of websites, office and warehouse cleaning, and advertising are the best examples of outsourcing. Most business owners delegate authority to other experts for duties like hiring, maintenance, and bookkeeping. This makes it possible for businesses to focus the majority of their resources on their main business.
With outsourcing, you may do more as a small business without having to considerably increase your full-time personnel by handing off important tasks and processes to professionals.
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Suppose your data contains n = 120 observations. according to the rule-of-thumb for choosing the number of bins, you should use?
Say you have 120 observations in your data. Use the general rule-of-thumb for selecting the number of bins: Aside from that
What is the primary guiding principle?
A rule of thumb is a heuristic recommendation that offers condensed guidance or a fundamental set of rules for a certain topic or course of action. It is a general idea that offers helpful guidelines for completing or tackling a particular task.
For instance, he mostly works by rule of thumb when working with the young group. This phrase makes reference to using one's thumb to make quick measurements.
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Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividends are paid to common shareholders. True or false
Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividends are paid to common shareholders. -----True
How do preferred stocks work?
Preferred are issued with a fixed value and pay dividends based on a percentage of that par, at a fixed rate. As same as bonds, which also make fixed payments, the market value of preferred shares is very common to changes in interest rates. If interest rates increases, the value of the preferred shares decreases.
What are the advantages of preferred stock?
The advantages of preferred stock normally has greater and more regular dividends, it is less volatile in compare to common stock and carries low risk. A preferred stock with a guaranteed dividend is considered a fixed-income investment same to a bond.
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In trying to forecast demand for a new product, an ideal situation would be one where an existing product or generic product could be used as a:_________
A qualitative technique in forecasting historical analogy in trying to forecast demand for a new product, an ideal situation would be where an existing product or generic product could be used as a model.
More about historical analogy:
The historical analogy method, which may be accurate and affordable, primarily estimates the demand for a new product. In order to create the greatest fit forecast, it starts with forecasts and historical data of any comparable or pertinent existing products.
A forecasting technique known as forecast by analogy makes the assumption that two distinct types of phenomena would behave similarly.
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An expanded income statement is generally divided by the different categories of revenue. the most common categories are:_________
Answer:
sales revenue
Explanation:
under sales revenue section of the income statement we record the revenue generated from sale of goods and services
Explain ONE possible non-financial aim an entrepreneur may have when starting a
small business
Answer:
Gaining experience
Explanation:
To understand how much improvement potential there is one must first measure what percentage of a machine's or a worker's?
To understand how much improvement potential there is one must first measure what percentage of a machine's or a worker's capacity is used productively.
More about machine's or worker's capacity:
It is possible to study patterns in salary growth, wage levels, and technical advancement by further segmenting labour productivity. Productivity increase is directly related to corporate earnings and shareholder returns.
Knowing and acknowledging areas for development is a sign of modesty and is a strength in and of itself. Utilizing strengths and using it productively is essential to the value we provide to our business, our team, and other employees. Yet, even with our strengths, we can be cognizant of how we may better even these gifts.
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In a designed experiment, a(n) _____ measures the difference that a factor has on the response.
In a designed experiment, a(n) main effect measures the difference that a factor has on the response.
In the scientific method, an experiment is a series of actions and observations performed in the context of solving a particular problem or question in order to support or refute a hypothesis or study about a phenomenon. Experiments occupy an important place in the development of science. Because experiments are used to test a thought, an axiom, or the reality of a phenomenon on the basis of a rationale and turn it into a law or a theorem like Newton's Law.
The four basic elements that affect the validity of an experiment are controls, independent and dependent variables, and constants. These basic requirements must be in place and identified for an experiment to be considered valid.
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When pizza company sells three $100 gift cards at the beginning of the month, it should record a $300 debit to ______ and a $300 credit to _____
Explanation:
one and three
is the answer
A spherical balloon is being inflated and the radius of the balloon is increasing at a rate of?
Volume of a sphere = V(r) = (4/3)πr3
Given: dr/dt = 2 cm/s
a) r(t) = 2 t
b) (V o r)(t) = V(r(t)) = (4/3)π[tex](2t)^3[/tex] = (32/3)π[tex]t^3[/tex]
This is the volume of the balloon as a function of time, V(t).
What is volume?Volume is the total amount of material that passes through a given area in one second. It can be measured in cubic meters, liters, or gallons depending on the application.
Volume is important for various purposes including manufacturing, engineering, and medicine.
Volume is simply the number of items that have been sold or ordered in a particular period of time.
It can be used as an indicator of business performance and can help to determine whether or not you should increase your marketing efforts. Volume may also impact prices, so it is important to track and monitor it closely if you are involved in the retail industry.
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Graffiti advertising, incorporated, reported the following financial statements for the last two years
Out-of-home advertising campaigns that are hand-painted on substantial facades or billboards are considered to as graffiti marketing or commercial graffiti.
City walls are transformed into canvases for modern art in this type of mural advertising, which is inspired by or connected to a company's campaign. Graffiti seeks to convey a significant message or to be recognized without being noticed.
Like other forms of art, graffiti's ultimate goal is to express one's self or convey a story. Graffiti gives artists a chance to express oneself, even if it isn't in a way that is generally accepted. Advertising murals are elaborate, striking paintings that are physically painted on city walls and other structures.
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To affect economic variables such as real gdp or the price level, the monetary policy target the federal reserve has generally focused on is the?
To affect economic variables such as real GDP or the price level, the monetary policy target the federal reserve has generally focused on the Federal funds rate
What are federal reserves?The Federal Reserve System, also known as the Federal Reserve or just the Fed, is the United States of America's central banking system. Following a number of financial panics, notably the Panic of 1907, the Federal Reserve was founded with the passing of the Federal Reserve Act on December 23, 1913, in response to the necessity for centralized supervision of the monetary system to avert financial disasters. The tasks and responsibilities of the Federal Reserve System have grown over time due to incidents like the Great Depression in the 1930s and the Great Recession in the 2000s. There are multiple tiers to the Federal Reserve System. The Federal Reserve Board, comprised of governors selected by the president, oversees it (FRB). Twelve regional Federal Reserve Banks, dispersed across the country's cities, control and supervise independently held commercial banks. Commercial banks with national charters are required to own stock in the local Federal Reserve Bank and have some board member elections.
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The price at which stock is sold depends on a variety of factors such as the ______.
It depends on the following:
1. the company's financial standing, track record of earnings, and dividend payouts
2. Investor projections for the probable earnings of the company
3. The state of the economy and overall business circumstances
What are stocks?
A security that denotes ownership of a portion of the issuing company is referred to as stock, also known as equity. Shares, which are units of stock, entitle their owners to a percentage of the company's assets and income based on how many shares they possess.
The cornerstone of many individual investors' portfolios, stocks are mostly bought and sold on stock exchanges. Government rules aimed at shielding investors from dishonest tactics must be followed when trading stocks.
Corporations issue stock to obtain money to run their businesses, and a shareholder who owns stock may be entitled to a portion of the company's assets and earnings.
Depending on how many shares an investor owns in relation to the total number of shares outstanding, the investor is regarded as an owner of the issuing firm. One individual would hold and be entitled to 10% of the assets and profits of the company if there are 1,000 shares of stock outstanding and they each have 100 shares.
Thus, the Prices of stocks keep on fluctuating and depend upon a number of factors.
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The law requiring that toys and infant products be tested before sale is called the?
Consumer Product Safety Improvement Act is a law requiring that toys and infant products be tested before sale. President George W. Bush signed the Consumer Product Safety Improvement Act (CPSIA) of 2008 into law on August 14, 2008.
This law establishes new standards for testing and documentation as well as new thresholds for a number of drugs. It imposes new restrictions on producers of clothing, footwear, personal care items, jewelry, accessories, home decor, bedding, toys, electronics, video games, books, school supplies, and scientific kits. The Act also provides higher penalties and longer jail terms for some infractions. Because of how many different types of businesses were impacted by this act, it was viewed as controversial in part.
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Periodic cash flows that decrease by a fixed amount every subsequent period are known as ___________
a. gradient cash flows
b. arithmetic
c. geometric
Periodic cash flows that decrease by a fixed amount every subsequent period are known as arithmetic gradient cash flows.
What is meant by arithmetic gradient cash flows?A cash flow that fluctuates (increases or lowers) by the same amount during each cash flow period is known as an arithmetic gradient cash flow. This is an arithmetic gradient cash flow series with the gradient, G, equal to $100, for instance, if the cash flow in period 1 is $800 and in period 2 it is $900, with amounts rising by $100 in each succeeding month.
P = G (P/G, i,n) is the standard factor notation equation for the present value of an arithmetic gradient cash flow. This equation determines the present value of only the gradient (i.e., the $100 increases in the example above), not the initial sum of money (i.e., the $800 in the case above), upon which the gradient was constructed.
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Consumers known as ________ believe that the personality traits of brands are malleable, and they tend to accept brand extensions.
Consumers known as incremental theorists believe that the personality traits of brands are malleable, and they tend to accept brand extensions. Thus, option D is correct.
What are Consumers?The person who purchases a good or receives a service is known as a customer. A consumer is essentially the person who pays for the good or service.
Customers who embrace specific brands are regarded as incremental theorists because they hold the belief that a company's character attributes are adjustable. In this, the data or the knowledge will be developing. Therefore, option D is the correct option.
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The question is incomplete, the complete question will be:
holistic thinkers
entity theorists
brand believers
incremental theorists
According to "scientific view of risk", most of the public’s view of risk is ___________ than risk experts.
According to the "scientific view of risk", most of the public’s view of risk exists different, not more irrational than risk experts.
What is scientific view of risk?
Risk, according to a risk specialist, is the likelihood that a person may have a negative outcome from a particular activity or exposure throughout the course of a participation. The goal of the risk assessment process is to identify hazards, remove them when needed, or reduce the level of risk they pose by implementing management measures. You've made the workplace safer and healthier by doing this.
Businesses may effectively identify, evaluate, and control risks that could have an impact on air, land, water, and groundwater, as well as harm from noise, by managing risk in a structured approach. avert harm to the environment and human health. respect your obligations and duties in regard to the environment. In order to perform a risk analysis, you must first identify the potential dangers you face, then calculate their potential effects, and then calculate the possibility that these threats will come to pass.
Hence, According to the "scientific view of risk", most of the public’s view of risk exists different, not more irrational than risk experts.
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Which insurance company department determines the probability of loss and sets the premium rates?
a. sales
b. claims
c. actuarial
d. underwri
Actuarial department of Life insurance determines the probability of loss and sets the premium rates.
What is the actuarial department in insurance?
An insurance actuary deducts financial risk. They use mathematical, statistical, and financial modeling to analyse the chances that something may occur. Their analysis helps insurance companies frame insurance policies and programmes.
Why do insurance companies use actuaries?
“The use of the Actuary role is to ensure that the board has access to expert and impartial actuarial advice and revise , to assist with the sound and adequate management of an insurer and that the insurer gives accurate consideration to the protection of policyholder interests.
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Patent infringement occurs in one of two ways: _______ or _______.
Patent infringement occurs in one of two ways Literal Infringement or Non- Literal Infringement.
The expression Literal Infringement implies that every component presented in a case has an indistinguishable correspondence in the supposedly encroaching gadget or cycle.
Non-Literal Infringement happens while the encroaching gadget or process might be comparable or identical to the asserted creation and carries out considerably a similar role, in significantly the same way and to accomplish significantly a similar outcome.
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Contribution margin equals ________. multiple choice sales minus fixed cost fixed cost minus variable cost sales minus variable cost minus fixed cost sales minus variable cost
Contribution margin equals sales minus variable cost
What is contribution margin?
Contribution margin means the extent by which the sales price exceeds the variable cost, in other words, it sales price per unit minus the variable cost per unit or total sales revenue minus the total variable costs on total volume basis.
Contribution margin means the level of contribution that each sold contributes towards the recovery of the company's total fixed costs, in short, the correct option in this case, is that contribution margin is the sales minus the variable cost.
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Start-up companies rely on bank loans and investors who are willing to invest in them in return for an ownership stake in the firm. what do you call the equity investment in these young companies?
Start-up companies rely on bank loans and investors who are willing to invest in them in return for an ownership stake in the firm. The equity investment in these young companies are called venture capital.
Venture capital is defined as the type of financing company which provides finance to start up companies or small business for future growth. They are basically the famous investors, financial institutions, investment banks. They in return get the ownership stake in the firm.
People trust them for funding as they have experience in this field. Venture capital helps not only in the monetary value but in technical or management skills also.
It is very beneficial as the resources are utilized in a proper way which results in a growth potential.
It may be risky for the investors for investing in the new startups as if the company not succeed they will have to bear the loss of earning nothing and risk of getting return of principal amount.
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the school leader plans to meet with mr. roberts to review the data and letter. they plan to work together to develop an instructional improvement plan.
Answer:
What is the question?
Explanation:
In 1971, under president richard nixon, the federal government passed legislation that "froze" wages and the prices of consumer items. however, that did little to stop the increase in inflation or unemployment. what can you infer was behind nixon's decision to "freeze" wages and prices? workers would be willing to be paid less if it would help the economy. consumers would buy more if inflation continued to rise. inflation affects wages and prices, so freezing those would halt inflation. rising inflation would lead to improvements in unemployment.
The idea behind Nixon's decision to "freeze" wages and prices was inflation affects wages and prices, so freezing those would halt inflation.
When the total demand (AD) exceeds the total supply (AS) of a given item or service in the market, this is referred to as inflation.
As a result, the cost of those goods and services rises. This occurs as a result of people having money, either through high government spending or from high incomes or low loan rates.
Nixon thus decides to maintain a specific level of prices and salaries in order to freeze employment. As a result, the population's purchasing power will be constrained, and prices will eventually balance out.
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Answer:C
Explanation:edge 2022
The process by which consumers filter information to limit it to what they want to see is called selective ______
The process by which consumers filter information to limit it to what they want to see is called selective perception.
What is a selective perception?It refers to the process by which individuals perceive what they want to in media messages while ignoring opposing viewpoints. It is a broad term to identify the behavior all people exhibit to tend to "see things" based on their particular frame of reference.
The selective perception also describes how we categorize and interpret sensory information in a way that favors one category or interpretation over another; it is is a form of bias because we interpret information in a way that is congruent with our existing values and beliefs.
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A marketplace offering that fairly and accurately sums up the value that the customer will realize if he or she purchases the product or service is known as a(n) ________.
A marketplace offering that fairly and accurately sums up the value that the customer will realize if he or she purchases the product or service is known as Value Proposition.
A value proposition alludes to the worth an organization vows to convey to clients if would it be a good idea for them if they decide to purchase their item. It is important for an organization's general showcasing technique.
The incentive gives an announcement of expectation or an explanation that acquaints an organization's image with purchasers by letting them know what the organization depends on, how it works, and why it merits its business.
It also can be introduced as a business or showcasing proclamation that an organization uses, to sum up why a shopper ought to purchase an item or utilize help.
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Consumer goods producers tried to avoid the destructive forces of competition by forming loose affiliations with their rivals, a process known as:_________
Consumer goods producers tried to avoid the destructive forces of competition by forming loose affiliations with their rivals, a process known as horizontal combination
What is horizontal combination?
Acquisition of a company that produces or provides comparable goods or services and operates at the same level of the value chain as the target company is known as horizontal integration. As opposed to vertical integration, which involves businesses expanding into activities upstream or downstream that are at various stages of production,
Horizontal integration is a business technique that can help companies grow their market or enter new markets, strengthen market power over distributors and suppliers, improve product differentiation, and provide economies of scale. Two companies may be able to generate more income through a merger than they could have done separately.
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Alana, the children's department manager at shoe mart, has eight employees in her department, and all of them report directly to her. the eight employees who report directly to alana are her _____.
Alana, the children's department manager at shoe mart, has eight employees in her department, and all of them report directly to her. the eight employees who report directly to Alana are her span of control.
What is the Span of control?Human resource management and commercial management both frequently employ the phrase "Span of Control." The total number of subordinates that a manager or supervisor can supervise is what this term refers to because it has to do with managing and supervising personnel. The collecting and management of operational data were one of several middle managers' jobs that was made easier by technology. As a result, a manager may now oversee more employees concurrently. The scope of a manager's authority is influenced by a number of variables, including the nature of the work, the manager's skills, the skills of the personnel under management, and the manager's duties. It comes in two flavors, such as a narrow and a wide control span. When a manager is in charge of between two and four employees, it is deemed to be narrow.
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