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mylen [45]
3 years ago
13

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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Chris Cole is a salesperson for Green Scene Lawn Care products. Chris' job requires him to sell Green Scene products, but he is
AVprozaik [17]

Answer:

A) True

Explanation:

Multilevel marketing is used by companies that engage in direct sales marketing and where each new salesperson or distributor must recruit more sales people to expand their activities. Some of the most famous multilevel marketing firms in the US are Avon and Herbalife.

The salesperson or distributor earns a fraction of the sales commissions that his/her recruited sales people sell. It is called the distributor's downline, and is shaped like a pyramid. In some countries this type of business is illegal because it works like a Ponzi scheme where new salespeople are recruited every time and in order to start working they must buy a certain amount of products. So a large percentage of the sales are made to other salespeople instead of customers.

5 0
3 years ago
In response to the increase in demand for organic foods, Wegmans, Inc., a regional supermarket, recently created organic food de
Ghella [55]

Answer:

The correct answer is letter "B": market opportunity.

Explanation:

A market opportunity represents an external factor -typically a problem- that potentially could create a business opportunity for a company. In some cases, the market opportunity pushes firms to innovate in products tailor-made to cover the need in question or to adapt an existing product to that need.

4 0
3 years ago
There are several economic explanations for why trade is so commonplace. Match each of the examples listed below with the econom
levacccp [35]

Answer:

Explanation:

A. Swiss watch manufacturers producing high quality time pieces.

1. Comparative Advantage

B. U.S. auto makers offering a great variety of makes and models of cars.

2. Specialization or Economies of Scale

C. The ability of developing nations to export textiles to wealthier countries.

US auto makers manufacture on large scale so they have economies of scale . Moreover they are technically superior because of specialisation .  

1. Comparative Advantage

wealthier nation too can export textile but that will be costlier so developing nation has comparative advantage of cheap labour.

D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.

2. Specialization or Economies of Scale

E. Your economics professor paying a gardener to do work that he/she could do on their own.

1. Comparative Advantage

Professor can earn more by using his time as a professor so he has comparative advantage .

5 0
3 years ago
What is the purpose of jim lentz’s series of presentations to toyota employees in california?.
Serggg [28]
<h3>Answer</h3>

To address employees concerns and provide details about relocation.

<h3></h3>

Explanation

CEO Jim Lent addressed the employees at Toyota to their concerns and to inform them about the relocation that is planned at a board level and then it is to be implemented.

CEO of Toyota is therefore addressing the employees to provide them details about relocation and to address their concerns.

<h3>Conclusion</h3>

Jim Lent CEO of Toyota, addressed the employees to provide them details about relocation and to address their concerns.

Learn more about Business at brainly.com/question/26562433

6 0
3 years ago
Why is it important to research several careers rather than just one
vampirchik [111]
It is important to research several careers rather than just one because, then you could know which career is most likely better for you to work for, and which one would fit you, and if you are comfortable in doing that career.
6 0
4 years ago
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