A company set-up a petty cash fund with $800. The disbursements are as follows:

Office Supplies - $300

Shipping - 50

Postage - 30

Delivery Expense - $350

Answer the question below based on the above information.

Q1) To create the fund, which account should be Debited?

A) Cash at Bank

B) Supplies

C) Petty Cash

D) Postage WRONG ANSWER!

Q2)To disburse funds, which account credited?

A) Supplies WRONG ANSWER!

B) Cash at Bank

C) Petty Cash

D) Postage

If delta airlines were to significantly change its fare structure and flight schedule to enhance its competitive position in response to aggressive price cutting by southwest airlines, this would be an example ofanswers: explicit collusion.tacit collusion.competitive dynamics.a harvest strategy.

The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. the ceo generally works under the board and its chairman, and the board generally has the authority to remove the ceo under certain conditions. the ceo, however, cannot remove the board, but he or she can endeavor to have the board voted out and a new board voted in should a conflict arise. it is possible for a person to simultaneously serve as ceo and chairman of the board, though many corporate control experts believe it is bad to vest both offices in the same person. true false

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.