Refer to Figure 2-13

question 78

Multiple Choice

Refer to Figure 2-13.Which points are not currently attainable but could become achievable for this economy if there is an improvement in technology?

Definitions:

Petty Cash Fund

A small amount of cash kept on hand for minor or incidental expenses.

Journal Entries

The basic method of recording financial transactions in accounting, which involves making entries to accounts in a double-entry bookkeeping system.

Cash Short And Over

An accounting term referring to a discrepancy between the amounts of cash available at the end of a period and the expected amount, which could be more (over) or less (short).

Office Supplies

Items such as pens, paper, staplers, and other materials used in an office setting for daily operations and not directly associated with the manufacturing process.