1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ede4ka [16]
3 years ago
8

A company reported annual wages expense of $348,000 and insurance expense of $42,000. During the year, wages payable decreased f

rom an $18,000 beginning balance to a $13,200 ending balance, and prepaid insurance decreased from a $90,000 beginning balance to a $54,000 ending balance. How much cash was paid to employees as wages and paid for insurance during the year? A. $348,000 for wages and $42,000 for insurance B. $343,200 for wages and $6,000 for insurance C. $352,800 for wages and $6,000 for insurance D. $352,800 for wages and $78,000 for insurance E. None of the above
Business
1 answer:
Ilya [14]3 years ago
6 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

A company reported annual wages expense of $348,000 and insurance expense of $42,000. During the year, wages payable decreased from an $18,000 beginning balance to a $13,200 ending balance, and prepaid insurance decreased from a $90,000 beginning balance to a $54,000 ending balance.

Wages= 348,000 + 18,000 - 13,200= 352,800

Insurance= 42,000 + 90,000 - 54,000= 78,000

You might be interested in
After the computers dns cache is cleared, where will it most likely look to resolve the domain name the next time you enter ceng
SpyIntel [72]

After the computers dns cache is cleared, where it will most likely look to resolve the domain name the next time you enter cengage.com in your browse to The ISP's DNS server.

An ISP which stands for internet service provider is a company that plays a key role in providing individuals and organizations the access to the internet and other related services like browser.

The Domain Name System or the DNS is a term that is used for the hierarchical naming system which is used to identify computers through the Internet. Especially through the help of an IP address in short.

To learn more about domain here

brainly.com/question/13718390

#SPJ4

3 0
2 years ago
Suppose two economists are debating a tax reform bill. Both economists agree that the bill would increase the after-tax income o
valentina_108 [34]

Answer:

d) Differences in values.

4 0
3 years ago
Understanding the _____ begins with analysis of market share.
Nana76 [90]
<span>Understanding the trend begins with analysis of market share. Trend analysis plays an very important part in market share analysis. With the help of trend analysis, one can have the idea, if the market is going to be bullish or bearish.</span>
3 0
3 years ago
Selecting a rental car from the government rates tab will result in a daily fee that provides you with unlimited mileage, liabil
Eva8 [605]
The U.S. Government Rental Car Program is an excellent example of a very effective working relationship between government and industry to provide quality vehicles at reasonable prices for federal travelers on official travel. U.S. Government Rental Car Agreement Number 4<span> governs the rental of vehicles (passenger cars, sports utility vehicles, station wagons, passenger vans, and small pick-up trucks) by military members, employees of the Federal Government, and employees of the United States Postal Service while in official travel status and when such rental is authorized by the Government.
</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
3 0
3 years ago
Big Red Machines, a startup, has come up with a new product and has seen significant customer demand. Due to reinvestment in the
Bad White [126]

Answer:

The correct answer is "$ 30.34".

Explanation:

The value of the stock can be computed by the following formula:

⇒  \frac{Dividend \ in \ year \ 3}{(1 + Required \ return \ rate)2}  + \frac{Dividend \ in \ year \ 4}{(1 + Required \ return \ rate)3}  + \frac{Dividend \ in \ year \ 5}{(1 + Required \ return \ rate) 4 } + \frac{1}{(1 + Required \ return \ rate)4 }\times [\frac{( Dividend \ in \ year \ 5 (1 + Growth \ rate)} {( Required \ return \ rate - Growth \ rate)}]

On putting the values, we get

⇒  \frac{1.50}{1.08^2}  + \frac{1.60}{1.08^3}  + \frac{1.75}{1.08^4 } + \frac{1}{1.08^4} \times [  \frac{( 1.75\times 1.03)}{(0.08 - 0.03)}]

⇒  \frac{1.50}{1.08^2 } + \frac{1.60}{ 1.08^3 } + \frac{37.80}{ 1.08^4  }

⇒  30.34 ($)

8 0
3 years ago
Other questions:
  • The natural rate of unemployment will help determine
    5·2 answers
  • Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's five forces model. Which of the followi
    9·1 answer
  • Consider this scenario: a company that buys a sizeable amount of equipment for its manufacturing process needs to accurately rep
    13·1 answer
  • In your lab report file, explain how you use the p09 control objectives to organize identified it risks, threats, and vulnerabil
    9·1 answer
  • Edgar Co. determines from a physical inventory count taken on the last day of fiscal 20X7 that its LIFO-basis inventory of widge
    14·1 answer
  • Miska is working on an assembly line where she is paid $1.00 every time she places the handles on four pottery cups. what type o
    7·1 answer
  • Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio'
    7·1 answer
  • Armen has been sent to build a factory in a small village. When he arrives, Armen finds that the employees he will be managing s
    5·1 answer
  • Media richness refers toa. a message's impact on the company's bottom lineb. how much a communication channel costs the company
    11·1 answer
  • On January 2, 2020, Orange Corporation purchased equipment for $300,000 with an ADS recovery period of 10 years and a MACRS usef
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!