Answer:
a. $200 decrease in net income.
Explanation:
When insurance is paid in advance, the entries required are;
Debit Prepaid Insurance
Credit Cash account
As time elapses and the insurance expires,
Debit Insurance expense
Credit Prepaid Insurance
Given that the Adjustments columns show expired insurance of $200, this will be recorded as an expense and will thus decrease the net income.
Answer:
save each year to reach their goal is $2152.48
save each year to reach their new goal is $2869.97
Explanation:
given data
amount saved = 120,000
Rate of Interest earned = 12.0 %
time = 18th birthday
solution
we consider here annual savings is = P
we use here formula for future value of annuity that is
future value of annuity = P × 
................1
here r is rate and n is time period
put her value
$120,000 = P × 
solve we get P = $2152.48
save each year to reach their goal is $2152.48
and
for $160,000 at 18th Birthday
we consider here annual savings = P
so from equation 1
we put here value
future value of annuity = P ×
$160,000 = P ×
solve and we get P = $2869.97
save each year to reach their new goal is $2869.97
Answer:
$1,000
Explanation:
Zeke's zipline sold 6 acres of land
The sales price of the land was $12,000
The adjusted basis of the land was $9,000
Zeke received an amount of $4,000 at the time of sale
The remaining $8,000 will be received next year
Therefore, the amount of gain that will be recognised by Zeke in the Current year can be calculated as follows
Sales price-adjusted basis/sales price
$12,000-$9,000/$12,000
= $3,000/$12,000
= 0.25
Amount received at the time of sale × 0.25
= $4,000×0.25
= $1,000
Hence Zeke will recognise a gain of $1,000 in the Current year.
Answer: C. a bank loan due in 18 months.
Explanation:
Current liabilities include all the debt obligations that a company has in the current period.
This means that only debt obligations that mature within a year are to be considered current liabilities.
Bank loans that are due in 18 months are over a year and so have to be considered long-term liabilities not current liabilities.
The choices that will help you cut back on expenses so that you can spend more money on promotions or advertising are options(2), (3). and (4)i.e, Use less-expensive ingredients, Look for discounted or used machines and Hire a young employee at minimum wage.
Advertising is a marketing plan involving repaying for room to advance a brand, service, or cause. The real advertising ideas are named advertisements or ads for short. The aim of displaying search outreach folk most likely expected not quite finance a party's products or duties and persuade bureaucracy to buy.
Advertising helps experience consumers about by means of what your fruit or aids help bureaucracy and what your brand stands for. Promotions concern the whole set of activities, that correspond to the amount, brand, or aid to the user. The planned search form national awareness, bringing and encouraging to buy the fruit, alternatively over others.
To know more about Advertising refer to: brainly.com/question/3163475
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The complete question is:
Which choices will help you cut back on expenses so that you can spend more money on promotions or advertising check all that apply 1. Move to a higher-reng building 2. Use less-expensive ingredients 3. Look for discounted or used machines 4. Hire a young employee at minimum wage 5. Hire a manager to help the business grow
