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The petty cash fund of €200 for Vernon Company appeared as follows on December 31, 2011: Cash €91.60 Petty cash vouchers Freight in €22.40 Postage 40.00 Balloons for a special occasion 18.00 Meals 25.00 Instructions
1. Briefly describe when the petty cash fund should be replenished. Because there is cash on hand, is there a need to replenish the fund at year end on December 31? Explain.
2. Prepare in general journal form the entry to replenish the fund.
3. On December 31, the office manager gives instructions to increase the petty cash fund by €100. Make the appropriate journal entry.
Purpose the journal entry on Partner's books for the acquisition of Sizemic Corporation's net assets.
The covariance between Eb Corporation's common stock returns and the return on the market portfolio is 0.006. The standard deviation of the market is 0.3. What is the beta of Eb Corporation's common stock?
Depreciation under Straight Line Method and Double Declining Balance Method.
Analyzing the productivity and profitability of the company and historical performance of a company
Preparation of financial statements
What journal entry did Spencer and Marks record during the ar ended March 29, 2008, to identify revenues and expenses and What journal entry did Spencer and Marks make to identify sales returns and bad debts expense
A fund manager states: "I refuse to buy any company that makes a voluntary accounting change, since it's certainly a case of management trying to hide bad news." Can you think of any alternative interpretation?
Tim has AGI of $92,000 during the year and the following expenses related to his employment. Tim is reimbursed $13,000 under his employer’s accountable plan. Illustrate what are his deductions for and from AGI?
What is the project's payback period? If the required rate of return is 20% and taxes are ignored, what is the project's net present value?
In 2009, the corporation issued a 30% stock dividend to all common shareholders with an option of receiving either the stock or $30,000. Maxwell selected the stock. What is Maxwell's gross income from the above?
Indicate the types of bonds he might issue, and explain issuing procedures used in bond transactions. Write a memorandum to the president, answering his request.
Should the government mandate minimum standards for controlling and securing information and if so illustrate what would be some advantages and disadvantages?
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