The petty cash payments record indicates classified expenditures as follows: Automobile Expense, $25; Postage Expense, $10; Donation, $40; Miscellaneous Expense, $6 . The journal entry to replenish petty cash would include a
a. debit to Petty Cash for $81; b. debit to Petty Cash Expenses
for $81; c. credit to Petty Cash for $81; d. credit to Cash for $81;
e. debit to Drawing for $81
D
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The ________ is operated by government departments, agencies, and organizations usually not to operate businesses or make profits.
A) investment sector B) social sector C) financial sector D) public sector E) private sector
Barsness Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for November. Fixed Element per MonthVariable Element per Well ServicedActual Total for NovemberRevenue $4,400$190,100Employee salaries and wages$56,800 $1,100$103,400Servicing materials $700$29,800Other expenses$34,800 $35,300When the company prepared its planning budget at the beginning of November, it assumed that 39 wells would have been serviced. However, 43 wells were actually serviced during November.The amount shown for "Other expenses" in the planning budget for November would have been closest to:
A. $35,050 B. $34,800 C. $32,016 D. $35,300
The opposite of in-home shopping, on a convenience dimension, is _____
a. routine decision making b. outshopping c. store loyalty d. mapping
President Nixon issued wage-price controls in an effort to stabilize the economy. This use of executive power was
a. an illegal usurption of legislative powers which belong to the Congress. b. a valid use of power based on Article II of the Constitution. c. a valid use of judicial power. d. an illegal usurption of the regulatory powers of administrative agencies.