Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year).may 1 prepared a company check for $300 to establish the petty cash fund.15prepared a company check to replenish the fund for the following expenditures made since may 1.a. paid $93.60 for janitorial services. b. paid $76.41 for miscellaneous expenses. c. paid postage expenses of $52.20.d. paid $68.58 to the county gazette (the local newspaper) for an advertisement. e. counted $23.01 remaining in the petty cash box.16prepared a company check for $200 to increase the fund to $500.31the petty cashier reports that $354.32 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 $53.73.g. reimbursed the office manager for business mileage, $42.78.h. paid $44.17 to deliver merchandise to a customer, terms fob destination.31the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $450.

Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?