Use the following information regarding Larson Company to answer the question below. 1. Established a petty cash fund in the amount of $250. 2. Reimbursed the petty cash fund given the following petty cash fund disbursements: a. Payment for postage, $20. b. Payment for supplies, $70. 3. Increased the petty cash fund to $300. 4. Cash over at the end of the first period was $5. The entry to record
the reimbursement of the petty cash fund would include a
A) credit to Postage Expense for $20.
B) debit to Petty Cash for $90.
C) credit to Cash for $85.
D) debit to cash for $5.
C
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In the Type ABCD personality theory, which type is more relaxed and easygoing?
A. Type C B. Type A C. Type B D. Type D
Companies that subscribe to the ________ evaluate suppliers largely in terms of realized price, quality and availability
a. supply management orientation b. procurement orientation c. value orientation d. buying orientation
Memos are generally shorter, more immediate, and less formal than e-mail messages.
Answer the following statement true (T) or false (F)
Starling Inc. is a public stock company that provides natural gas for businesses. Although this company generates a large profit, management's focus on reducing costs caused the maintenance budget to be trimmed. Its pipelines have at times leaked, which created significant environmental problems. As a result, the company's value creation has suffered. This scenario supports Michael Porter's warning that public companies
A. have defined value creation too narrowly in terms of financial performance, thereby contributing to black swan events. B. have defined value creation too narrowly and as a result have ignored political lobbying, thereby contributing to black swan events. C. often do not keep economic needs and societal needs separate from each other, thereby contributing to low value creation. D. do not focus enough on increasing firm profits, thereby contributing to low value creation.