Determine which of the statements below are accurate regarding how a petty cash fund is created and used in a business. (Check all that apply.) A. When the fund is replenished, the Petty Cash fund account is debited.
B. Any employee may disburse cash from the fund as long as they bring back a receipt for their purchase.
C. The petty cashier is responsible for making payments from the petty cash fund.
D. The petty cashier is responsible for keeping the cash in the fund safe.
E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time
F. A check is drawn by the company cashier to establish the petty cash fund

Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.