Lewis co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may. may 1 prepared a company check for $550 to establish the petty cash fund. may 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $190 for janitorial services. b. paid $142 for miscellaneous expenses. c. paid postage expenses of $95. d. paid $47 to the county gazette (the local newspaper) for an advertisement. e. counted $87 remaining in the petty cash box. may 16 prepared a company check for $250 to increase the fund to $800. may 31 the petty cashier reports that $320 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $280. g. reimbursed the office manager for business mileage, $140. h. paid $46 to deliver merchandise to a customer, terms fob destination. may 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $200, leaving a total of $600. prepare a general journal entry. i'm having a hard time with may 15 and may 31.

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.