The trial balance columns of the worksheet for Culver Company at June 30, 2019, are as follows. Culver Company Worksheet For the Month Ended June 30, 2019 Trial Balance Account Titles Dr. Cr. Cash 2,440 Accounts Receivable 2,720 Supplies 1,920Accounts Payable 1,020 Unearned Service Revenue 360 Common Stock 2,680 Service Revenue 3,700 Salaries and Wages Expense 540 Miscellaneous Expense 140 7,760 7,760 Other data: 1. A physical count reveals $300 of supplies on hand.2. $200 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $130.

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?

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.)

You are the cfo of a u.s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u.s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take