Answer :
Sure, let's go through the calculations step-by-step for each date in the table. We are tasked with finding the service fees (which is calculated as the difference between the actual cash counted and the sum of the change fund and cash register receipt amount), and from this determine if there is cash short or over.
The formula to calculate service fees is:
[tex]\[ \text{Service Fees} = \text{Actual Cash Counted} - (\text{Change Fund} + \text{Cash Register Receipt Amount}) \][/tex]
### Calculations:
1. For Apr. 2:
[tex]\[ \text{Service Fees} = \$350.50 - (\$100 + \$268.50) = \$350.50 - \$368.50 = -\$18.00 \][/tex]
- Result: Cash Short of \[tex]$18.00 2. For Apr. 9: \[ \text{Service Fees} = \$[/tex]333.50 - (\[tex]$100 + \$[/tex]237.75) = \[tex]$333.50 - \$[/tex]337.75 = -\[tex]$4.25 \] - Result: Cash Short of \$[/tex]4.25
3. For Apr. 16:
[tex]\[ \text{Service Fees} = \$411.00 - (\$100 + \$309.25) = \$411.00 - \$409.25 = \$1.75 \][/tex]
- Result: Cash Over of \[tex]$1.75 4. For Apr. 23: \[ \text{Service Fees} = \$[/tex]324.00 - (\[tex]$100 + \$[/tex]226.50) = \[tex]$324.00 - \$[/tex]326.50 = -\[tex]$2.50 \] - Result: Cash Short of \$[/tex]2.50
5. For Apr. 30:
[tex]\[ \text{Service Fees} = \$422.00 - (\$100 + \$318.00) = \$422.00 - \$418.00 = \$4.00 \][/tex]
- Result: Cash Over of \[tex]$4.00 ### Summary of Weekly Entries for Cash Receipts from Service Fees and Cash Short and Over: - Apr. 2: Cash Short: \$[/tex]18.00
- Apr. 9: Cash Short: \[tex]$4.25 - Apr. 16: Cash Over: \$[/tex]1.75
- Apr. 23: Cash Short: \[tex]$2.50 - Apr. 30: Cash Over: \$[/tex]4.00
Thus, for each week, we have successfully identified whether the cash was short or over along with the corresponding amounts.
The formula to calculate service fees is:
[tex]\[ \text{Service Fees} = \text{Actual Cash Counted} - (\text{Change Fund} + \text{Cash Register Receipt Amount}) \][/tex]
### Calculations:
1. For Apr. 2:
[tex]\[ \text{Service Fees} = \$350.50 - (\$100 + \$268.50) = \$350.50 - \$368.50 = -\$18.00 \][/tex]
- Result: Cash Short of \[tex]$18.00 2. For Apr. 9: \[ \text{Service Fees} = \$[/tex]333.50 - (\[tex]$100 + \$[/tex]237.75) = \[tex]$333.50 - \$[/tex]337.75 = -\[tex]$4.25 \] - Result: Cash Short of \$[/tex]4.25
3. For Apr. 16:
[tex]\[ \text{Service Fees} = \$411.00 - (\$100 + \$309.25) = \$411.00 - \$409.25 = \$1.75 \][/tex]
- Result: Cash Over of \[tex]$1.75 4. For Apr. 23: \[ \text{Service Fees} = \$[/tex]324.00 - (\[tex]$100 + \$[/tex]226.50) = \[tex]$324.00 - \$[/tex]326.50 = -\[tex]$2.50 \] - Result: Cash Short of \$[/tex]2.50
5. For Apr. 30:
[tex]\[ \text{Service Fees} = \$422.00 - (\$100 + \$318.00) = \$422.00 - \$418.00 = \$4.00 \][/tex]
- Result: Cash Over of \[tex]$4.00 ### Summary of Weekly Entries for Cash Receipts from Service Fees and Cash Short and Over: - Apr. 2: Cash Short: \$[/tex]18.00
- Apr. 9: Cash Short: \[tex]$4.25 - Apr. 16: Cash Over: \$[/tex]1.75
- Apr. 23: Cash Short: \[tex]$2.50 - Apr. 30: Cash Over: \$[/tex]4.00
Thus, for each week, we have successfully identified whether the cash was short or over along with the corresponding amounts.
