A petty cash fund was established with a $250 balance. It currently has cash of $38 and petty cash tickets totaling $212 for travel expense. Provide the journal entry to record the replenishment of the fund
What will be an ideal response
Journal entry
Travel expense 212
Cash 212
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Which of the following is the least beneficial aspect of holding meetings?
A) Social interaction B) Team building C) Low cost D) Problem solving E) Idea development
The first step in the incremental analysis is to eliminate all relevant revenues and costs
Indicate whether the statement is true or false
Information from a manufacturing company's current year income statement follows. Calculate the company's (a) profit margin ratio, (b) gross margin ratio, and (c) times interest earned. Sales$850,000Cost of goods sold455,000Gross profit$395,000Operating expenses260,000Operating income$ 135,000Interest expense32,000Income before taxes$103,000Income taxes expense12,400Net income$ 90,600
What will be an ideal response?
Ethics is as well defined as the law
Indicate whether the statement is true or false