Business, 14.04.2020 21:20, victoriapellam04
Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply. a. It is used to avoid the time and cost of writing checks for small amounts. b. It is an account used to record small sales amounts. c. It is established to pay for small payments like postage, shipping fees, etc. d. It is an expense reported on the income statement. e. It is an asset reported on the balance sheet.
Answers: 1
Business, 21.06.2019 15:30, slonekaitlyn01
Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is
Answers: 2
Business, 22.06.2019 08:30, BigDough9090
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
Business, 22.06.2019 12:00, ambercombs
Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
Answers: 1
Review the following statements and select the ones which accurately describe a Petty Cash fund. Sel...
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