When reimbursing the petty cash fund:
A. Cash is debited.
B. No expenses are recorded.
C. Petty Cash is debited.
D. Petty Cash is credited.
E. Appropriate expense accounts are debited.
Answer: E
You might also like to view...
The difficulty in classifying consumers by a given demographic and lifestyle profile is recognized in which of these categories?
a. consumer sophistication and confidence b. gender roles c. component lifestyles d. poverty of time
Griffin has fallen prey to hiring only Millennials in his new startup company. He feels that hiring someone from the Generation Xers will hold his company back regarding technology. What aspect of diversity does this represent?
a. Age b. Race and ethnicity c. Gender d. Ability
Lasik Vision Inc. recently analyzed the project whose cash flows are shown below. However, before Lasik decided to accept or reject the project, the Federal Reserve took actions that changed interest rates and therefore the firm's WACC. The Fed's action did not affect the forecasted cash flows. By how much did the change in the WACC affect the project's forecasted NPV? Note that a project's projected NPV can be negative, in which case it should be rejected. Old WACC: 8.00% New WACC: 9.75% Year 0 1 2 3 Cash flows -$1,000 $410 $410 $410
A. -$30.55 B. -$34.12 C. -$32.50 D. -$28.60 E. -$29.25
Refer to the Shipping Costs for The Allied Motors Company. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints--except the nonnegativity constraints of the decision variables--should be set as an equal to (=) sign in the Excel Solver dialogue.) At the optimum solution, the cost of shipping from Green Bay to Richmond is ______.
A. $893
B. $270
C. $672
D. $576