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
Alja [10]
3 years ago
6

Aurora Corporation operated without insurance coverage for the first month of 2018. Then, on February 1, 2018, the company paid

the $4,800 premium on a two-year insurance policy with benefits beginning on that date. The company uses the accrual basis. How much insurance expense will be reported on the company's income statement for the year ended December 31, 2018?
Business
1 answer:
Neporo4naja [7]3 years ago
4 0

Answer:

$2,200

Explanation:

The computation of the insurance expense is shown below:

Given that

Premium on a two-year insurance policy = $4,800

So by considering this, under the accrual basis, the amount of insurance expense is

= Premium on a two-year insurance policy ÷ number of years -   Premium on a two-year insurance policy ÷ number of years × number of months ÷ total number of months in a year

= $4,800 ÷ 2 years  - $4,800 ÷ 2 years × 1 months ÷ 12 months

= $2,400 - $200

= $2,200

Or we can calculate it for 11 months also

You might be interested in
Year 1 Year 2 EBITDA $7,650 $9,150 Total value of equity $76,500 $82,500 Total firm value $99,450 $132,000 What is value of the
Tju [1.3M]

Answer:

$5.59

Explanation:

Calculation to determine the value of the entity multiple of Company X in Year 1

Using this formula

Entity multiple=Market value / EBITDA

Let plug in the formula

Entity multiple=$99,450/$17800

Entity multiple=$5.59

Therefore the value of the entity multiple of Company X in Year 1 will be $5.59

5 0
3 years ago
Using examples explain what inputs eBay might be using in conducting its business . What are eBay outputs ?
lawyer [7]
Typically, a simple way to think of an input is anything that costs money. These can be both good and bad things. A simple example would be: if I had a machine that made candy: my inputs would be the energy required to run the machine, the person required to work the machine, and the ingredients I had to put in to make the candy. My outputs might be the candy the machine made and the happiness it gave to people who ate it. A negative output might be that it made people unhealthy. 

As an internet company eBay does not have many of the typical inputs of doing business. For example, it does NOT have the cost of physical stores nor does it have the cost of depreciating inventory or any machines. For eBay, some examples of inputs would be it's people such as software engineers, marketing team, and executive staff. All overhead such as office space and the electricity to power its office space would be another example. Other examples could include the physical code behind eBay's software and money used to finance the company, and the data warehouses used to store everything. 

Outputs can be thought of as the value a company creates. eBay's outputs are also somewhat atypical. eBay does not create a physical product that they then sell so that makes this a challenging question. You could argue that eBay's store or its platform is an output. All the data it produces as a company is an output and has a lot of value. Since eBay allows people across the world to open up their own store online, you could say it's creating the social good of jobs or entrepreneurship "global employment" through this action (eBay has supported this publicly as well so you could look up more about it on Google). Another output could be eBay stores created by sellers. eBay owns PayPal so if you can think of any related to PayPal you could include those as well and cite that eBay owns the company. 

Hope that helps
8 0
3 years ago
True/False
matrenka [14]

Answer:

True

Explanation:

In business, target marketing is a strategy in which the marketing efforts of a firm is centered toward a part of a larger market with great prospect of making profit

4 0
3 years ago
John Kotter built on Lewin's three-step model to create a more detailed approach for implementing change.
valina [46]

Answer:

C.

Explanation:

The change model was developed by Kurt Lewin. The model is divide into three steps: unfreezing, changing and refreezing.

According to this three-step model of Kurt, the step that represents the 'unfreezing' stage is option C.

The <u>unfreezing stage</u> of the change model helps people to gain an overview of daily life. It helps to unlearn the bad habits and adopt new and innovative ways to reach the goal or objectives.

So, <u>according to the definition of the 'unfreezing' stage of the change model, the correct answer is option C as in this step, Kotter is creating a new vision or ways to reach the goal or vision</u>.

3 0
3 years ago
You have been asked to estimate the market value of an apartment complex that is producing annual net operating income of $44,50
s2008m [1.1K]

Answer: indicated value of the subject property using direct capitaliation is =   $390,351= $390,000

Explanation:The abstracted going-in capitalization rates from the four properties will be calculated using

The going-in cap rate which is  first-year net operating income (NOI) divided by the initial investment or purchase price

For Comparable 1:  55,000/ 500,000= 0.110

Comparable 2:   50,400/420,000= 0.120

Comparable 3: 53,400/ 475,000=0.112

Comparable 4:  69,000/600,000= 0.115

Calculate the Simple Ave. we have 0.110+0.120+0.112+0.115/4= 0.114

The simple average of the four comparable cap rates is 0.114. Therefore  the indicated value of the subject property is $390, 351 gotten from

($44,500 / 0.114) = $390,351= $390,000

8 0
3 years ago
Other questions:
  • A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. the management decides to evaluate t
    11·1 answer
  • Otis Thorpe Corporation has 10,000 shares of $100 par value, 8%, preferred stock and 50,000 shares of $10 par value common stock
    8·1 answer
  • A ferryboat queuing lane holds 40 vehicles. If vehicles are processed (tolls collected) at a uniform rate of 5 veh/min and proce
    14·1 answer
  • A lawn service company has the following production possibilities. With​ one, two,​ three, and four​ workers, the company can mo
    5·1 answer
  • Ordering cost only consists of the shipping cost from supplier to customer. True or False
    9·2 answers
  • The making of the movie Waterworld cost a total of $180 million. It generated a total of $130 million in revenues. $70 million w
    15·1 answer
  • The adjusted trial balance for China Tea Company at December 31, 2021, is presented below:
    12·1 answer
  • Command-and-control legislation, as compared to incentive-based regulation: Group of answer choices discourages the use of compa
    5·1 answer
  • Adjusting Entries On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for
    5·1 answer
  • A modification to a product that changes the taste, texture, sound, smell, or appearance is a(n) _______.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!