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Juli2301 [7.4K]
2 years ago
6

Jackson Co. needs to replenish its petty cash fund. Currently, it contains $11 in cash and receipts for supplies of $40 and deli

very expenses of $49. The fund was initially established with $100. Demonstrate the journal entry to replenish the account by choosing the correct actions from those below. (Check all that apply.) Supplies Expense is debited for $40. Cash is credited for $89. Petty Cash is credited for $89. Delivery Expense is debited for $49. Petty Cash is debited for $89.
Business
1 answer:
elena-14-01-66 [18.8K]2 years ago
4 0

Answer:

Supplies Expense is debited for $40

Cash is credited for $89

Delivery Expense is debited for $49

Explanation:

Petty cash is a small amount of fund which is kept in the business for day to day expenses. Cash is issued from this fund for daily small expense which is not possible to withdraw from the bank by check.

The Journal Entry will be as follow

                                         Dr.      Cr.

Supplies                            $40

Delivery​ expense             $49

Cash ( $100-$11)                          $89

Cash will be credited against all these expenses.

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Consider two perfectly negatively correlated risky securities, K and L. K has an expected rate of return of 13% and a standard d
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Answer:

risk free rate of return is  = 11.37 %

Explanation:

given data

K expected rate of return = 13%

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to find out

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solution

first we find here weight of each portfolio

weight of K = \frac{L standard deviation}{K standard deviation+ L standard deviation}      ..................1

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so that

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risk free rate = ( weight of K × K expected rate of return  ) + ( weight of L + L expected rate of return  )    ..........................2

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