Answer:
Given that,
Total prepaid insurance = $6,700
Monthly insurance:
= Total prepaid insurance ÷ 4 months
= $6,700 ÷ 4 months
= $1,675
Insurance expense for two months:
= $6,700 - $1,675
= $5,025
Therefore, the adjusting entry required on December 31 is as follows:
Insurance expense A/c Dr. $5,025
To Prepaid insurance $5,025
(To record the adjusting entry for the insurance)
Answer:
1495 filters are considered as safety stock.
Explanation:
d = 80 filters, std devd= 5, L = 14 days, std dev L= 2 days
Std dev dL = Sq rt ( Lσ d2 + d 2σ L2 ) = sq rt ( 350 + 25600) = 161 filter
z= 2.33 at 99% SL
safety stock = 2.33 X 161 = 375 filter
Reorder point = dL + Safety stock = 80 X 14 + 375 = 1495 filters
Answer:
B) opportunity costs.
Explanation:
Opportunity cost is the fortified benefits when a choice is made. It is the sacrificed option from a variety of possible choices. The value of opportunity cost is expressed as the cost of the next best alternative.
According to the economist, Joe made a loss because his opportunity cost would have yielded a better return. In evaluating the viability of a project, economists always consider the returns from the next best alternative. Joe would have made a profit if the returns from the sales of gold were higher than the 3 percent from a certificate of deposit. Because Joe opted for the gold, he missed the chance to earn from the certificate of deposit. In economics, he made a loss.
Answer:
The answer is a. downward; investors; increasing
Explanation:
The lower the interest rate, the greater the desire for loanable funds. Similarly, at higher interest rates, less funding demanded.
