1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SVEN [57.7K]
3 years ago
9

Vaughn Manufacturing's prepaid insurance was $197000 at December 31, 2021 and $90300 at December 31, 2020. Insurance expense was

$62000 for 2021 and $55000 for 2020. What amount of cash disbursements for insurance would be reported in Vaughn's 2021 net cash provided by operating activities presented on a direct basis?
Business
1 answer:
Zina [86]3 years ago
8 0

Answer:

Cash disbursements for insurance would be $ 168,700.

Explanation:

In accrual based accounting expenses are recorded when they are incurred. The payment against item purchased does not make it qualified to be recorded as expense. Any advance payment made is recognize as asset untill performance obligation has been completed. So in order to determine amount of payment we will use following accounting equation.

Payments = Prepaid current period + expenses - opening prepaid balance

Payments = 197,000 + 62,000 - 90,300 = $ 168,700

You might be interested in
A community college might grant all of the following degress except
klio [65]
I would say a technical program certificate, i hope i helped, have an amazing day :)
3 0
3 years ago
Read 2 more answers
Assets that are not expected to provide benefits for a number of accounting periods are called __________.
kiruha [24]
Assets that are not expected to provide benefits for a number of accounting periods are called b. fixed assets
5 0
4 years ago
Read 2 more answers
A manufacturer wishes to make tee-shirts for the band Dixie Chicks. They sell for $11 each. She must deliver all the tee-shirts
love history [14]

Answer:

44,000*n dollar

Explanation:

If a machine produce 200 per day at the rate of 11 dollars each and she has 20 days. This implies that each machine will produce 44,000 dollar

Therefore for n machine, she will have money m of 44,000*n dollar

8 0
3 years ago
Your company has sent you an email telling you your department must increase the daily output goal of 120 widgets per hour, to 1
-Dominant- [34]

Answer:

Participative Leadership style.

Explanation:

Participative leadership, also known as democratic leadership, is one in which the leader has the central focus of employee engagement and participation in important company decisions. In this style of leadership, the manager has a crucial role of being the main motivator and advisor of the team, being solicitous to guide, coordinate and assist his subordinates in all their work demands, so that the goals and organizational goals are achieved.

This style of participatory leadership would be more appropriate for this scenario as there are deadlines for completing tasks, which requires a motivated and productive team, which is essential in participatory leadership.

The motivation of employees is achieved due to clear and guiding communication from the leader, which creates the perception of inclusion and appreciation of the employee, who feels an essential and important part of the organization.

5 0
3 years ago
Suppose that stricter emissions standards would reduce​ health-care costs by ​$70 million but increase the costs of fuel and emi
serious [3.7K]

This is asking for a cost-benefit analysis. This simply means look at the cost of the change and see if the benefit is greater than the cost.

In this case, the cost would be $40 million but there is a benefit (cost savings) of $70 million.

Since the benefit outweighs the cost, it is a good idea.

5 0
3 years ago
Other questions:
  • Candice is a jewelry shop owner, specializing in beaded necklaces. For each of the following inputs, classify each item as a var
    14·1 answer
  • What is the value of the monetary base, given that the value of deposits at all depository institutions equals $ 2265.83 billion
    15·1 answer
  • The information systems function is synonymous with the accounting function.
    5·1 answer
  • Select the correct words to complete the statements about two different information sources for consumers.
    15·2 answers
  • If you decide to hold​ $100 less cash than usual and therefore deposit​ $100 more cash in the​ bank, what effect will this have
    12·1 answer
  • List two ways the decision making matrix model is used to consider risk
    14·1 answer
  • Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply sc
    15·1 answer
  • Ekonomi makro dan ekonomi mikro merupakan bagian ekonomi dari?
    7·1 answer
  • Pare Company reported a net loss of $30,000 for the year ended December 31, 2014. During the year, accounts receivable decreased
    9·1 answer
  • When the manager of a local bakery sets goals and then develops a blueprint for how to achieve them, she is_________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!