On July 1, 2018, Cromartie Furniture Established a $150 Petty

question 3

Multiple Choice

On July 1, 2018, Cromartie Furniture established a $150 petty cash fund. A check for $150 was made out to the petty cash custodian. During July, the petty cash custodian paid the following bills from the petty cash fund: $\begin{array}{lr}\text { Office supplies } & \$ 36 \\\text { Postage } & 22 \\\text { Delivery charges } & 40 \\\text { Bottled water } & 28 \\\text { Total } & \$ 126\end{array}$
-At the end of July the petty cash fund was replenished. The journal entry to replenish the petty cash fund includes:

• A) A credit to petty cash and a debit to various expenses for $126.
• B) A debit to petty cash and a credit to cash for $150.
• C) A credit to cash and a debit to various expenses for $126.
• D) None of these answer choices are correct.

Analyze the effect of wage and price level changes on the potential output.

Understand the concept of risk and return, including how to calculate the expected return of stocks and portfolios.

Grasp the Capital Asset Pricing Model (CAPM) and its applications in determining required returns on stocks.

Comprehend how market conditions, such as changes in the risk-free rate and market risk premium, influence stock and portfolio returns.

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Definitions:

Subconscious Awareness

The part of the mind that is not currently in focal awareness yet influences thoughts and behaviors.

Lower-Level Consciousness

A state of consciousness with reduced awareness and attention, such as during sleep or a daydream.

Higher-Level Consciousness

Refers to an advanced state of awareness, where one is fully engaged and mindful of their thoughts, feelings, and surroundings.

Memory Performance

The efficiency and effectiveness of a person's ability to store, retain, and recall information over time.