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3 years ago

The income statement of Sheridan Company for 2020 included the following items:

Business

1 answer:

larisa [96]3 years ago

8 0

Answer:

cash paid for insurance premium 24,000

Explanation:

We will solve using the beginning nad ending balance along with the insurance expense:

We construct the following identity

beginning prepaid insurance

+ premium on insurance (acquired)

- insurance expense (exired)

equals to

ending prepaid insurance (unexpired at end of the period)

2,200 + premium - 23,100 = 3,100

premium = 3,100 + 23,100 - 2,200 = 24,000

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5.ABC Company is planning to market a new model of product X. The management

Vladimir [108]

Answer:

Que

Explanation:

Que

7 0

3 years ago

Luxury items in a budget come from _____. A. an income B. a deficit C. fixed expenses D. savings

Scrat [10]

Luxury items in a budget come from : D. Saving

People tend to buy luxury items after the other crucial needs are met, which means that it will be most likely that the budget came from the income that is intended for saving

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3 0

3 years ago

Read 2 more answers

The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal utility begins to diminish a

Sonja [21]

Answer:

third

Explanation:

The utility for consuming the first donut is 9 utils.

The utility for consuming the second donut is the difference from the total utility for the first two and just the first donut.

$U_2 = 19-9 = 10\ utils$

The utility for consuming the third donut is the difference from the total utility for the first three and just the first two donuts.

$U_3 = 30-19 =11\ utils$

The utility for consuming the fourth donut is the difference from the total utility for the first four and just the first three donuts.

$U_4 = 38-30 =8\ utils$

Since the utility for the 4th donut is less than the utility for the 3rd donut, utility begins to diminish after consuming the third donut.

6 0

3 years ago

On September 11, 2016, Home Store sells a mower for $450 with a one-year warranty that covers parts. Warranty expense is estimat

xeze [42]

Answer:

Date Accounts Titles and Explanations Debit Credit

Sept, 11 Cash $450

2016 Sales $450

(To record the Cash Sales)

Sept, 11 Warranty Expenses $40.50

2016 ($450 x 9%)

Estimated Warranty Payable $40.50

(To record the Warranty Expenses)

July, 24 Estimated Warranty Payable $32

2017 Repairs Parts Inventory $32

(To record the material taken from Inventory)

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3 years ago

What type of relationship do a lawyer and a client have?

VMariaS [17]

Business related purpose. There is no serious connection just lawyer to client and client to lawyer

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3 years ago