Table 8-1
the Petty Cash Fund Had the Following Petty

question 24

Essay

Table 8-1
The petty cash fund had the following petty cash ticket: $$\begin{array} { l r } \text { Toner for a printer } & \$ 42 \\\text { Freight to deliver goods sold } & 39 \\\text { Freight on inventory purchased. } & 112 \\\text { Miscellaneous expense } & 10 \\\text { Postage expense } & \underline { 25 } \\& \underline{\$ 228} \\\end{array}$$
-Refer to Table 8-1. Assume that the business has established a petty cash fund in the amount of $250 and that the amount of cash in the fund at the time of replenishment is $20. The business uses a perpetual inventory system.
Prepare the entry to replenish the fund on February 28.

Recognize the importance of Key Success Factors at both country and regional levels.

Evaluate factors affecting the location strategy of manufacturing and service firms.

Grasp the role of Geographic Information Systems in aiding location decisions.

Apply crossover analysis in selecting among location alternatives.

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Definitions:

Trade-offs

The concept that in order to gain something, something else must be given up, reflecting the opportunity cost of choices and decisions.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period, reflecting improvements in the standard of living.

Scientific Method

A systematic process of observation, experimentation, and analysis used to advance knowledge in the sciences.

Economists

Professionals who study, develop, and apply theories and concepts from economics to analyze how societies use resources to produce and distribute goods and services.