Journalize the entries to record the following.
on march 1, check no. 2-45-13 is issued to establish a petty cash fund of $1, 100.
on april 1, the amount of cash in the petty cash fund is now $115. check no. 271-13 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $614; miscellaneous selling expense, $200; miscellaneous administrative expense, $145. (because the amount of the check to replenish the fund plus the balance in the fund do not equal $1, 100, record the discrepancy in the cash short and over account.)

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

In microeconomics, the point at which supply and demand meet is called the blank price