Solution-Determine the amount of cash in the fund

Determine the amount of cash in the fund

Reference no: EM133057445

Question - Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $110 for office supplies, $140 for merchandise inventory, and $70 for miscellaneous expenses. There is a cash overage of $4. Based on this information, determine the amount of cash in the fund before the replenishment?

Reference no: EM133057445

Questions Cloud

What was the annual amount of depreciation for the years : What was the annual amount of depreciation for the years, 2015, 2016, 2017, using the straight-line method of depreciation

Calculate percentage change in value of the bond : A bond has a par value of $1,000, a coupon rate of 11.36 percent (paid annually), and that matures in 10 years. Assume the market interest rate on this bond is

Role of leadership and management of saudi aramco : The objective of this report is to introduce management related practices of a business organization that can assist them to attain target goals

Describe the risks involved in a merger-arbitrage strategy : Describe the risks involved in a merger-arbitrage strategy and the approaches to manage such risks.

Determine the amount of cash in the fund : Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. Determine the amount of cash in the fund

Calculate bond total yield : He sold the bond after 10 years for $946.94. He reinvested the coupon payments at the 10.58 percent compounded annually. Calculate bond's total yield.

Compensation and benefits elements help in recruiting : Thoroughly explain how various compensation and benefits elements help in recruiting, motivating and retaining employees.

Expected rate of return of stock : The standard deviation of the market returns is 18%. Assume that the next dividend will be paid after one year, at t= 1.

Security measures in transportation-logistics management : Prepare a description of security measures in transportation and logistics management. Discuss theory and politics of transportation and logistics management.

User Account

All Pages

Determine the amount of cash in the fund

Reference no: EM133057445

Reference no: EM133057445

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much is the gross profit margin

Create an argument that use of present value free cash-flow

Why is depreciation recorded as an expense

Prepare the statement of changes in equity for sunshine

What do you think of american micro devices pricing method

What would the selling price have to be

Provide examples of the expectations of the accountant

What the cumulative effect of this accounting change to be

What is the issue price of the bonds

Watson packaging sold a machine for 15000 the company

Compute the real property gains tax

Calculate the direct labor rate variance

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT