A Company Has a Petty Cash Fund Amount of $300

question 12

Multiple Choice

A company has a petty cash fund amount of $300.When replenished,it has petty cash tickets of $30 for gas expense,$33 for postage expense,$16 for supplies expense,and $12 for miscellaneous expenses.Assume the cash balance is not over or short.In the journal entry,Cash would be credited for ________.

• A) $91
• B) $75
• C) $63
• D) $79

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Definitions:

Null Hypothesis

In statistics, it posits that there is no effect or difference among the groups being studied or variables being compared.

Alpha

In hypothesis testing, alpha level represents the threshold for rejecting the null hypothesis, often set at 0.05 or 5% risk of Type I error.

T-statistic

A statistic calculated from a dataset to compare the mean of the data to a hypothetical mean as part of a t-test.

Critical Value

The boundary value from a statistical distribution where, if the observed test statistic is beyond this point, the null hypothesis is rejected.