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Problem - Cement Co. wishes to replenish their $100 petty cash fund. The secretary has provided you with the following information: she has $13.50 in cash on hand in petty cash box; she also has receipts for office expenses of $48.00, courier deli expense of $36.50 and postage expense of $3.00. Prepare the journal entry required to replenish petty cash.
12% bond that pays interest quarterly. The current market interest rate is 8%. What is the maximum amount that you should pay for the bond?
Becky Dool just inherited a 1967 Ford Mustang from her late Aunt Cybil. Aunt Cybil purchased the car 40 years ago for $6,000. Becky is either going to sell the car for $8,000 or have it restored and sell it for $22,000. The restoration will cost $6,0..
On January 1 of the current year, Feller Corporation issued $5,000,000 of 10% debenture bonds on a basis to yield 9%, receiving $5,224,300. Interest is payable annually on December 31 and the bonds mature in 6 years. The effective-interest method is ..
If the company has a current assets of P200,000, including inventory of P80,000 and a quick ratio of 2:1, what is the value of the company's current liabilities
How many shares did the company buy back during the year? What was the average cost of a share of the treasury shares purchased during the year?
Find a person who has been involved in cash inventory or receivable management in any form of business ( sole proprietorship, partnership or corporation).
Metalinguistic awareness is displayed in the following child stamen: "the table has four legs and iron sides
Which primary purpose of a statement of cash flows is to provide relevant information about? An entity's ability to generate positive net cash flows.
Busy Beaver had revenues of $2,000, cost of goods sold of $780, advertising expense of $100, and interest expense of $25. Net income was ?
The Fulmar Division of Jayne manufacturing had an ROI of 25% when sales were $2 million and controllable margin was $400,000. What were the average operating assets?
What is the expected return of the industry's equity without leverage? What is the expected return of the industry's equity with leverage?
In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, wha..
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