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2 years ago

Which of the following statements is false?

1 answer:

8 0

Answer: d. A company paid for an insurance premium of $6,000 on January 1. The insurance is for a year. Failing to make adjustments for the month of January would overstate assets and stockholder's equity by $6,000.

Explanation:

If a company were to pay $6,000 for Insurance for the YEAR in January, this would be recorded as a PREPAID EXPENSE.

This Prepaid Expense will then be apportioned per month over the year to each month as expenses of $500.

Failing to make adjustments for the month of January would not overstate assets and stockholder's equity by $6,000 but by $500.

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Read the thesis statement from a historical essay. Determine which type of claim the author is making (claim of fact, definition

mafiozo [28]

Answer:

im not 100% but think this is right

Explanation:

the author is making a claim of fact, because he is claiming that provides no economic benefits. im not sure about the second part

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2 years ago

A rich singer has donated $450,846 to endow a university professorial chair in Bohemian Studies. If the money is invested at 12.

Sedaia [141]

Answer:

Annual withdrawal= $57,032.02

Explanation:

Giving the following information:

Initial investment (PV)= $450,846

Interest rate (i)= 12.65%

To calculate the annual withdrawal, we need to use the following formula:

PV= Cf / i

Cf= annual cash flow

450,846= Cf / 0.1265

450,846*0.1265 = Cf

Cf= $57,032.02

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2 years ago

Moses and the hebrews believed that the god given laws that defined a human relationship with other humans

Gnoma [55]

Answer:

true

Explanation:

What are the ancient Hebrews laws of God called?

The Law of Moses (Hebrew: תֹּורַת מֹשֶׁה Torat Moshe), also called the Mosaic Law, primarily refers to the Torah or the first five books of the Hebrew Bible. Traditionally believed to have been written by Moses

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2 years ago

Silmon Corporation makes a product with the following standard costs:

kolbaska11 [484]

Answer:

Material quantity variance =$74, 280 unfavorable

Explanation:

The material quantity variance occurs when the actual quantity of material used to achieve a given level of output is more or less than the standard quantity expected.

For Silmon Corporation, it can be computed as follows:

Quantity variance is

Gram

5,300 units should have used ( 5300× 5.1 ) 27,030

but did used 39,410

Variance in quantity 12,380 Unfavorable

Price per unit × $6

Material quantity variance $ 74,280. Unfavorable

Material quantity variance =$74, 280 unfavorable

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3 years ago

Hemple Co. maintains escrow accounts for various mortgage companies. Hemple collects the receipts and pays the bills on behalf o

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Answer:

Explanation:

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3 years ago