Use the Following Information Regarding Larson Company to Answer the Question

question 127

Multiple Choice

Use the following information regarding Larson Company to answer the question below.
1) Established a petty cash fund in the amount of $250.
2) Reimbursed the petty cash fund given the following petty cash fund disbursements:
A.Payment for postage,$20.
B.Payment for supplies,$70.
3) Increased the petty cash fund to $300.
4) Cash over at the end of the first period was $5.
-The entry to record the increase in the Petty Cash account would include a

• A)debit to the Petty Cash account for $50.
• B)credit to the Petty Cash account for $50.
• C)memorandum entry only in the ledger.
• D)debit to the Cash account for $50.

Identify the key elements involved in the infrastructure of a business model.

Appreciate the importance of customer segmentation and targeted marketing in business strategy.

Understand the concept and importance of financial viability within a business model.

Learn the significance of addressing unmet customer needs and its impact on business success.

---

Definitions:

Continent

One of the very large landmasses on the earth's surface, typically separated by oceans.

Land Ethics

A philosophy that stresses the interdependence between humans and the land, promoting the responsible use and conservation of natural resources.

Proponent

A person who advocates or supports a particular idea, policy, or project.

Agricultural Revolution

A period of technological advancement and increased crop productivity that began in the 18th century, drastically altering agricultural practices.