Author Question: When the petty cash fund is replenished, the petty cash account is credited for the total of all ... (Read 139 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
When the petty cash fund is replenished, the petty cash account is credited for the total of all expenditures madesince the fund was last replenished.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Merryworth, Inc had 2,000,000 in total assets, of which 600,000 are current assets, and 1,200,000 in total liabilities, of which 400,000 are current liabilities. Calculate the debt-to-equity ratio. Round your answer to the nearest whole percent.
 
  What will be an ideal response?



briezy

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

False

Answer to Question 2

1,200,000 / (2,000,000  1,200,000 ) = 150



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

For a complete list of videos, visit our video library