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den301095 [7]
1 year ago
14

a school board considering a complicated new zoning policy debates only the more basic aspects of the policy at a public meeting

where few are experts. this is an example of:
Business
1 answer:
ladessa [460]1 year ago
5 0

At a public meeting where few are specialists, a school board adopting a complex new zoning policy only discusses the more fundamental components of the policy. An illustration of the common knowledge effect is this.

A decoration, interpretation, or visual explanation of a text, concept, or process is called an illustration. Illustrations are made to be integrated into print and digital published media, including posters, flyers, magazines, books, instructional aids, animations, video games, and films. Typically, an artist will produce an artwork. Emojis are frequently used to accompany digital typography, for example, to make websites and applications more user-friendly.  Giving an example, whether orally or visually, is another definition of illustration.

The term "illustration" has its roots in late Middle English, when it originally meant "illumination; spiritual or intellectual enlightenment": Through Old French, from the word illustrare in Latin, illustratio(n-)

learn more about it illustration -brainly.com/question/3897443

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Financial risks are usually less than $100. <br> a. True<br> b. False
iVinArrow [24]
B. False.................
4 0
3 years ago
Read 2 more answers
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to
Likurg_2 [28]

Answer:

1. An analysis of WTI's insurance policies shows that $2,542 of coverage has expired.

Dr Insurance expense 2,542

    Cr Prepaid insurance 2,542

2. An inventory count shows that teaching supplies costing $2,204 are available at year-end.

Dr Teaching supplies expense 8,158

   Cr Teaching supplies 8,158

3. Annual depreciation on the equipment is $10,170.

Dr Depreciation expense 10,170

   Cr Accumulated depreciation: equipment 10,170

4. Annual depreciation on the professional library is $5,085.

Dr Depreciation expense 5,085

    Cr Accumulated depreciation: professional library 5,085

5. On September 1, WTI agreed to do five courses for a client for $2,400 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $12,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees.

Dr Unearned training fees 4,800

    Cr Training fees earned 4,800

6. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $6,498 of the tuition has been earned by WTI.

Dr Accounts receivable 6,498

   Cr Tuition fees earned 6,498

7. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.

Dr Salaries expense 400

   Cr Salaries payable 400

8. The balance in the Prepaid Rent account represents rent for December.

Dr Rent expense 2,073

   Cr Prepaid rent 2,073

Wells Technical Institute (WTI)

Adjusted Trial Balance

                                                  Debit                  Credit

Cash                                      $26,944

Accounts receivable               $6,498

Prepaid rent                               $0

Teaching supplies                  $2,204

Prepaid insurance                 $13,003

Professional library                $31,088

Accumulated depreciation:                                 $14,413

Professional library

Equipment                              $72,533

Accumulated depreciation:                                $26,752

Equipment

Accounts payable                                                $37,202

Salaries payable                                                       $400

Unearned training fees                                         $6,700

Common stock                                                      $11,000

Retained earnings                                               $54,908

Dividends                                 $41,452

Tuition fees earned                                             $112,199

Training fees earned                                            $44,179

Depreciation expense:             $5,085

Professional library

Depreciation expense:             $10,170

Equipment

Salaries expense                      $50,143

Insurance expense                    $2,542

Rent expense                           $24,876

Teaching supplies expense       $8,158

Advertising expense                  $7,254

Utilities expense                    <u>     $5,803 </u>           <u>                  </u>  

Totals                                       $307,753             $307,753

a) Wells Technical Institute (WTI)

Income Statement

For the year ended December 31, 2018

Revenue:

  • Tuition fees earned $112,199
  • Training fees earned $44,179                    $156,378

Operating expenses:

  • Depreciation expense $15,255
  • Salaries expense $50,143
  • Insurance expense $2,542
  • Rent expense $24,876
  • Teaching supplies expense $8,158
  • Advertising expense $7,254
  • Utilities expense $5,803                             <u>($114,031)</u>

Operating income                                                 $42,347

b)Wells Technical Institute (WTI)

Balance  Sheet

For the year ended December 31, 2018

Assets:                                                

Cash $26,944

Accounts receivable $6,498

Teaching supplies $2,204

Prepaid insurance $13,003

Professional library, net $16,675

Equipment, net $45,781    

Total assets                                                         $111,105

Liabilities:

Accounts payable $37,202

Salaries payable $400

Unearned training fees $6,700

Total liabilities                                                      $44,302

Stockholders' Equity:

Common stock $11,000

Retained earnings $55,803

Total stockholders' Equity                                  <u>$66,803</u>

Total liabilities and equity                                    $111,105

c)Wells Technical Institute (WTI)

Statement of Retained Earnings

For the year ended December 31, 2018

Beginning balance January 1, 2018             $54,908

Net income                                                    <u>$42,347</u>

Subtotal                                                         $97,255

Dividends                                                     <u> ($41,452 )</u>

Ending balance December 31, 2018           $66,803

4 0
3 years ago
Explain the most well-known service provided by insurance companies. *
earnstyle [38]

Answer:

Car insurance

Explanation:

Everybody drives a car.

6 0
3 years ago
In 2021, DFS Medical Supply collected rent revenue for 2022 tenant occupancy. For income tax reporting, the rent is taxed when c
lara31 [8.8K]

Answer:

Deferred Tax Asset:

The amount of taxes that is paid or carried forward but not yet identified in the income statement is referred as deferred tax asset

Journal Entries:

Debit: Income Tax Expense (balancing amount) = 812,500  

Debit: Deferred Tax Asset = 87,500  

Credit: Income Tax Payable = 900,000

  • Income tax expense reduces the stockholders. equity. Hence, debit income tax expense with $812,500 .
  • Deferred tax asset is an asset and is increased by $87,500. Therefore, debit deferred tax asset account with $87,500.
  • Income tax payable increases the liability by $900,000. Therefore, credit Income tax payable account with $900.000.

Working note:

Determine the amount of deferred tax asset.

Deferred tax asset = Rent collected in 2021 × Enacted tax rate

Deferred tax asset = $350,000 × 25%

Deferred tax asset = $87,500

 

Determine the amount of income tax expense.

Income tax expense = Income tax payable — Deferred tax asset  

Income tax expense = $900,000 = $87,500

Income tax expense = $812,500

5 0
3 years ago
Jim wants to start investing in bonds. He checks with two brokers to ask them for suggestions of bonds to buy. Broker J, who cha
svetoff [14.1K]

Answer: C

Explanation:

Broker K's suggestion will cost Jim $148.57 less than Broker J's suggestion

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