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Anna [14]
3 years ago
14

Darren is trying to fix a toilet that clogged when his young son tried to flush his teddy bear. darren has been plunging the toi

let for the last hour and so far it has not worked. despite his lack of success, darren keeps trying the plunger in hopes that it will eventually succeed. darren appears to exhibi
Business
1 answer:
vichka [17]3 years ago
5 0
<span>You may have heard the definition of insanity is doing the same behavior over and over again expecting a different result. This is simply not the case here. Here, Darren is actually exhibiting perseveration, a psychological or persistent repetition of a word, gesture or action. Typical of dementia patients, those with traumatic brain injury, anxiety, or OCD tendencies.</span>
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On July 1, 2020, Marigold Corp. pays $13,200 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal
Juliette [100K]

Answer:

For Marigold

The journal entries on July 1 , 2020 are:

Dr Insurance prepayment   $13,200

Cr Cash                                              $13,200

being insurance paid for in advance

The adjusting entry at the close of the year

Dr Insurance expense        $2,200

Cr Insurance prepayment                $2,200

Being insurance expense incurred in the year

The other party is Kalter insurance not Dobbs Co:

he journal entries on July 1 , 2020 are:

Dr Cash                              $13,200

Cr Prepaid revenue                    $13,200

being revenue received in advance

The adjusting entry at the close of the year

Dr Prepaid revenue        $2,200

Cr Revenue                                   $2,200

Being recognition earned in the year

Explanation:

Upon the payment of the insurance , the cash account of the paying company is credited and that of the receiving company debited .

The other entry in the paying company is insurance prepayment while that of the receiving company is prepaid revenue .

7 0
3 years ago
When you know a firearm's effective killing range, you can determine: which animals you can hunt which stance to use when shooti
MrMuchimi
The answer that best fits the question is that 'when a shot will give a clean kill' because a firearm's killing range can be known or considered to be more effective if it has the capacity of providing a clean kill with only using a one shot and does not require for a second or more.
7 0
3 years ago
During its first year of operations, Nive reported a net operating loss of $15 million for financial reporting and tax purposes.
GaryK [48]

Answer:

Dr Deferred Tax Liability $3,750,000

Cr Income Tax Benefit-Operating Loss $3,750,000

Explanation:

Based on the information given we were told that net operating loss of the amount of $15 million was reported for financial reporting and tax purposes in which the tax rate is 25%. Therefore the journal entry to recognize the income tax benefit of the net operating loss will be :

Dr Deferred Tax Liability $3,750,000

Cr Income Tax Benefit-Operating Loss $3,750,000

($15 million *25%)

6 0
3 years ago
On January 1, 2020, Ayayai Corporation granted 5,100 options to executives. Each option entitles the holder to purchase one shar
azamat

Explanation:

The journal entries are as follows

On January 1, 2020

No entry is required

On December 31, 2020

Compensation expenses Dr $71,500

      To Paid in capital - stock options $71,500

(Being the compensation expense is recorded)

On December 31, 2021

Compensation expenses Dr $71,500

      To Paid in capital - stock options $71,500

(Being the compensation expense is recorded)

The computation is shown below:

= $143,000 ÷ 2 years

= $71,500

7 0
4 years ago
Determiniing decision makers' information needs, acquiring the needed information, and distributing that information to the deci
bulgar [2K]

Answer:

The Role of Marketing information systems

Explanation:

<em>The marketing information system is the collection, sort, interpretation, storage and distribution of the market informaiton in order to improve the planning, decision making and control of the marketers from both internal and external sources.</em>

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
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