A company set-up a petty cash fund with $800. The disbursements are as follows:

Office Supplies - $300

Shipping - 50

Postage - 30

Delivery Expense - $350

Answer the question below based on the above information.

Q1) To create the fund, which account should be Debited?

A) Cash at Bank

B) Supplies

C) Petty Cash

D) Postage WRONG ANSWER!

Q2)To disburse funds, which account credited?

A) Supplies WRONG ANSWER!

B) Cash at Bank

C) Petty Cash

D) Postage

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2

Describe what fixed costs and marginal costs mean to a company.

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.