Cheyenne Company designated Jill Holland as petty cash custodian and established a petty cash fund of $252. The fund is reimbursed when the cash in the fund is at $35, which it is. Petty cash receipts indicate funds were disbursed for office supplies $98 and miscellaneous expense $93. Prepare journal entries for the establishment of the fund and the reimbursement.

If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

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