When a Change Fund Is Used, at the End of the Business

question 135

Multiple Choice

When a change fund is used, at the end of the business day, the amount deposited into the Cash account is

• A) the established change fund amount.
• B) total cash on hand less the established change fund.
• C) total cash collected for sales.
• D) dependent on the anticipated sales for the next day.

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Definitions:

Long-Term Care Facility

A living arrangement for people who need constant care and significant assistance with daily living activities over an extended period.

Railroad

An industry sector focused on the transportation of goods and passengers via trains and tracks.

Service-Dominated Offerings

Products or solutions characterized predominantly by intangible components, where the service element is a key value proposition.

Theaters

Venues designed for the viewing of performances by audiences, including plays, musicals, movies, and other forms of live or recorded entertainment.