Answer:
The adjusted balance for Prepaid Insurance is $1,200. Whereas, the expired Insurance that is to be charged to Profit or Loss Statement is $1,500.
Explanation:
The Double Entry to Record the Expired Resource (Insurance) is:
Insurance Expense (Dr.) $1,500
Prepaid Insurance (Cr.) $1,500
This implies that the adjusted balance for Prepaid Insurance is 2,700 - 1,500 = $1,200.
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Answer:
False
Explanation:
Sunshine Act requires a collegial body to head a meet with a quorum present. The meeting must have been announced some time before it is held unless it is an urgent meeting.
<span>The difference may lie in the project life, sometimes referenced as the planning horizon. A project may have a large internal rate of return (irr), but a very short project life. A second project might have a lower irr, but a much longer life. In that case, the second project will return less per year, but will provide a return for many more years, resulting in a higher pw.</span>
Answer: C
Explanation:
Wealth is the gradual gathering of profits, assets or income over a period of time. It is the gradual increase in ones assets over a sustained period.
Wealth creating transactions can be found both in contract enforcement and private property rights. The prosperity and economic development of a country can be attributed to the respect accorded to its citizens property rights.
Property rights gives room for entrepreneurship which can eventually lead to wealth accumulation. Contract enforcement also generate wealth for individuals.
<span>Yes these contractually-stipulated programs between the both parties are actually a realistic and workable concept. It is important for both union and employer because when there is a situation of disagreement this contract will provide a resolution to both of them saving time and resources.</span>
