Blue spruce company established a petty cash fund on may 1, cashing a check for $110. the company reimbursed the fund on june 1 and july 1 with the following results. june 1: cash in fund $3.45. receipts: delivery expense $29.20, postage expense $37.75, and miscellaneous expense $37.60. july 1: cash in fund $3.55. receipts: delivery expense $19.80, entertainment expense $49.25, and miscellaneous expense $37.40. on july 10, blue spruce increased the fund from $110 to $140.

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%