An amount of cash kept on hand and used for making small payments is called petty cash. So, option c. is correct.
Petty cash is a small amount of cash that businesses or organizations maintain for handling minor expenses and transactions. This cash reserve is typically managed by an individual who is responsible for keeping track of the fund and ensuring that it is properly accounted for.
The use of petty cash enables businesses to handle small expenses without the need for more formal payment methods, such as writing a check or using a credit card. Some examples of expenses that might be paid from a petty cash fund include office supplies, postage, or reimbursing an employee for a small out-of-pocket expense.
To maintain a petty cash fund, businesses often use a petty cash voucher system to track expenses and replenishments. When an expense is incurred, the responsible individual will complete a voucher that details the expense and is then attached to the supporting receipt or documentation.
Periodically, the fund will be replenished to its original balance by cashing a check or transferring money from another account, ensuring that the petty cash fund remains available for ongoing use.
In summary, petty cash is a convenient method for handling small expenses within a business or organization, making it an essential financial tool for efficient operations.
So, option c. is correct.
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Answer:
(1) Pe =0.3Pm + 0.15 Pa
Pm = 0.7Pe + 0.2 Pm + 0.3 Pa
Pa = 0.3 Pe + 0.5Pm +0.55 Pa
(2) The free variable Pa = 100
Explanation:
Solution
We create a table of outputs using the given percentages economy distribution
Energy Manufacturing agriculture Purchased by
0 0.3 0.15 energy
0.7 0.2 0.3 manufacturing
0.3 0.5 0.55 Agriculture
Let Pe Pm, Pa represent the prices for each sector
We then create an income equation using the expenses of the table above
Now,
Pe =0.3Pm + 0.15 Pa
Pm = 0.7Pe + 0.2 Pm + 0.3 Pa
Pa = 0.3 Pe + 0.5Pm +0.55 Pa
Note: Kindly find an attached copy of part of the solution to the given question and complete question to of this exercise below
The question revolves around the concept of interdependence in an economy, involving the flow of goods and services amongst energy, manufacturing, and agricultural sectors. Each sector sells a calculated percentage of its output to the others, with any unsold output retained for internal use.
The question primarily deals with the concept of interdependence amongst different sectors in an economy, specifically within context of energy (e), manufacturing (m), and agriculture (a). The way these sectors interact with each other is through buying and selling their output. For instance, sector e sells 70% of its output to m and 30% to a. This suggests that e is providing input goods that are likely necessary for m and a's operations. Similarly, for the other sectors. The percentage not sold to other sectors is the retained output, contributing to their own reserves or consumption.
This kind of model is used to understand the flow of goods and services among sectors and the overall economic system.
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Answer:B. Something that is valuable because it leads to another value
Explanation:
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b. lack of information on effectiveness of patches.
c. the fear that the new technology contains a change that will cause problems down the road.
d. redundancy of patches within a short span of time.
e. bureaucratic inefficiency.
Answer:
The correct answer is C
Explanation:
The main and the primary reason for the organization or firm for delaying the patches to plug the holes in the application of the security is the fear.
The fear that the technology which is new contains the changes or the variations which could lead to the problems down the road. So, they delay the patches.