Explanation:
The journal entries are as follows:
On July 1
Prepaid Insurance A/c Dr $20,700
To Cash A/c $20,700
(Being prepaid insurance is paid)
On December 31
Insurance expense A/c Dr $
To Prepaid insurance A/c $1,110
(Being the insurance expense is recorded)
The insurance expense is shown below:
= $20,700 ÷ 3 years × 6 months ÷ 12 months
= $3,450
Answer:
62,500 shares
Explanation:
common stock = 500,000 shares
Total shares outstanding = 40 million
Percentage of existing holding:
= (Shares of common stock ÷ Total shares outstanding) × 100
= (500,000 ÷ 40,000,000) × 100
= 1.25%
New shares that can be purchased:
= Number of new shares sold × Percentage of existing holding
= 5 million × 1.25%
= 62,500 shares
Oscars opportunity cost for buying the business is 50,000
Answer:
Option B. Their limited commitment to specific companies
Explanation:
The reason is that their limited responsibility towards the company makes them bringing less value for their company because this results in receipt of lower quality services. So the result is that the employee that they hired might not fit well in the company environment or they don't deliver the value that is expected from a qualified candidate.
Explanation:
Balance Column Ledger Account. An account with debit and credit columns for recording entries and a third column for showing the balance of the account after each entry is posted. the data from the balance sheet is used to set up the accounts.