The petty cash fund of $200 for Tomkins Company appeared as follows on December 31, 2014

Cash $50.60

Petty Cash Vouchers

Freight-in $58.40

Postage 40.00

Balloons for a special occasion 20.00

Meals 25.00

1. Prepare the general journal entry to replenish the fund.

2. On December 31, the office manager gives instructions to increase the petty cash fund by $50. Make the appropriate journal entry.

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)