The $4,500 balance in prepaid insurance represents the premium paid in advance for a three-month liability insurance policy. assuming that 2 months of premium has now expired, the adjustment would be recorded in the worksheet as a debit to Insurance Expense, $3,000
<h3>What is insurance?</h3>
Insurance is referas as a technique that helps in securing an individual from any kind of financial loss or risk by taking the policy in which compensation is received to policyholder by paying some premium.
In this case 4,500 balance in prepaid insurance where a 3-month liability insurance policy was paid in this case Rs 3000 will be debited to insurance expense.
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Answer:
Total amount of Revenue, 2021 = $5499000
Balance in the Accounts Receivable account = $5250000
Explanation:
Given
Progress billings and payments = $1300000
Total contract price = $18330000
Estimated total costs = $17500000.
Time = 3 years
Estimated Completion = 30%
Calculating the total amount of Revenue from Long-Term Contracts recognized for 2021
Total amount of Revenue, 2021 = Total contract revenue * % Completed during the year
Total = $18330000 * 30%
Total = $5499000
Calculating the balance in the Accounts Receivable account
Balance = New Estimate of Costs expected * % Completed during the year
Balance = $17500000 * 30%
Balance = $5250000
Answer: option D
Explanation: Storming stage is really the toughest and perhaps most important phase to reach. When different personalities develop, it is a time characterized by tension and rivalry.
Throughout this point, team's performance might actually reduce as power is put in to the nonproductive operations. Representatives might well disagree with team objectives and it may form categories and subcultures all over big personalities or regions of contract.
Participants have to struggle to overcome barriers, accept differences between individuals, and work on squad functions and objectives via contradictory ideas to get over this level. At this point, teams may get embroiled. Lengthy-term issues may lead from inability to address disputes.
Answer:
A. Manny forgot to sign the deposit ticket for less cash back
Answer:
Pocket books
Explanation:
Pocketbooks were founded in 1939 and revolutionised the whole publishing industry. The idea was to produce easy to carry books with inexpensive paperback reissues. The idea became an instant success and per book cost was almost 25cent. Following the success of US publisher Robert de Graff many other publishing companies across England started to manufacture pocketbooks.