A minimization model of a linear program contains only surplus variables

Indicate whether this statement is true or false.

Answer: FALSE

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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

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If the parties have a dispute and mediation fails, the parties agree to enter binding arbitration.

a. true b. false

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