An overpayment error was discovered in computing and paying the wages of a Jamison Tree Trimmingemployee. When Jamison receives cash from the employee for the amount of the overpayment, which of the following entries will Jamison make?a. Cash, debit; Wages Expense, creditb. Wages Payable, debit; Wages Expense, credit
c. Wages Expense, debit; Cash, creditd. Cash, debit; Wages Payable, credit

cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year.what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units