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serious [3.7K]
2 years ago
15

What is the proper adjusting entry at june 30, the end of the fiscal year, based on a prepaid insurance account balance before a

djustment, $18,500, and unexpired amounts per analysis of policies of $6,000?
Business
1 answer:
blagie [28]2 years ago
6 0
Debt insurance expenses 6000
Credit prepaid insurance 6000

prepaid insurance account balance after adjustment is
18,500−6,000=12,500
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There are two routes for driving from A to B. One is freeway, and the other consists of local roads. The benefit of using the fr
STALIN [3.7K]

Answer:

a) attached below

b) stable equilibria = x = 0.1 , x = 0.8

   unstable equilibria = other value except 0.1 , 0.8

c) 0.5 , 0.6

Explanation:

Benefit of using the local roads = 1 + 8x - 9x^2

Benefit of using the free way = 3.6

a) Attached below is the required graph

<u>b) Determine The possible equilibrium traffic patterns from the graph </u>

stable equilibria : x = 0.1 ,  x = 0.8 ( this id because at these given value the benefits of using either routes is equal )

unstable equilibria :  every other value of X except 0.1 and 0.8

<u>c) Determine the value of x that maximizes the total benefit to the population</u>

The value of X that maximizes the total benefit to the population = 0.5 and 0.6

attached below is the detailed solution

5 0
3 years ago
Midwest Corporation has provided the following data concerning manufacturing overhead for 2020:
SSSSS [86.1K]

Answer:

Estimated manufacturing overhead rate= $18 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead for the year $ 37,080

Estimated direct labor hours for the year 2,060

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 37,080/2,060

Estimated manufacturing overhead rate= $18 per direct labor hour

4 0
3 years ago
Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first three mont
rewona [7]

Answer:

The sales budget is prepared below. See table below.

Explanation:

<em>A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:</em>

Sales budget

Month        Units                 Revenue($)

January      41,000                1,435,000

February      38,000             1,330,000

March          50,000              1<u>,750,000</u>

                                               <u>4,515,000</u>

Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35

6 0
3 years ago
Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is corr
11111nata11111 [884]

Answer:

D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.

Explanation:

The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.

The services rendered increases the revenue to Dr. Peabody.  Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.

3 0
3 years ago
This activity is important because any business that offers multiple product lines to multiple market segments is faced with the
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7 0
3 years ago
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