Which of the following steps are included when replenishing petty cash?
a. Count the cash on hand.
b. Endorse all petty cash vouchers on the back.
c. Total each distribution column.
d. Subtract the total amount paid out from the amount of petty cash
B
Business
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Indicate whether the statement is true or false.
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Xiao Xin is planning to accumulate $40,000 by the end of 5 years by making 5 equal annual deposits
If she plans to make her first deposit today and can earn an annual compound rate of 9 percent on her investment, how much must each deposit be in order to accumulate the $40,000? A) $ 6,132 B) $ 6,684 C) $23,844 D) $ 9,434
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