In 2004, Montreal once again hosted the Peachtree Road Race, a running event that attracts many world-calibre racers. This year, after numerous requests from Quebecers, the race officials sanctioned a race conducted in Iraq so that soldiers from the province would not have to miss the annual event. The winners of the Mideast race as well as scenes of the actual race were televised. In terms of a promotional mix, this Iraqi Peachtree was an example of which of the following?
a. strategic product promotions and resulting sales
b. a target marketing strategy
c. sales promotion efforts
d. a public relations strategy and resulting publicity
Ans: d. a public relations strategy and resulting publicity
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A petty cash fund was established with a $600 balance
It currently has cash of $130 and petty cash tickets as shown below: Travel expense $115 Office supplies expense 310 Equipment rental expense 45 Which of the following would be the journal entry to replenish the Petty Cash account? A) debit various expenses $470; credit Cash $470 B) debit various expenses $470; credit Petty Cash $470 C) debit Cash $130; credit various expenses $130 D) credit Petty Cash $470; debit Cash $470