Explanation:
1. The journal entry is as follows:
On March 1
Prepaid insurance A/c Dr $36,000
To Cash A/c $36,000
(Being the prepaid insurance is recorded for cash)
For recording the advance purchase of insurance, we debited the prepaid insurance and credited the cash account. Both the accounts are recorded at $36,000 so that the proper posting could be done.
The quantity that would be produced by a firm that shuts down in the short run is zero units.
<h3>When would a firm shut down in the short run?</h3>
The short run is a period when at least one or more factors of production are fixed and the others are variable. In the short run, if the average variable cost is greater than the price, the firm should cease production. This means that zero units of output would be produced.
To learn more about when a firm should shut down, please check: brainly.com/question/13034691
The U.S. government should not have bailed out U.S. auto manufacturers.
Explanation:
- After the inflation period during the 1930, which continued almost for the next 30 years, America increased its standard of living - payment of higher taxes. With an income that was to be paid to government and to be used for their living, Americans had a tough time for almost 10 years to come out of the inflation they faced. Recession was also a part of this period during Hoover's presidency.
- Later, when Roosevelt was elected, his new ideals changed the phase of America which did not let the government stick to basic infrastructure of America. In this period, people of America unanimously agreed for the bailout of auto manufacturers with which, they earned revenue for other sector's development.
- In 2009, when the contract with General Motors was disintegrated, which was created during the time of World War II, the government of America did not want to take any risk/was not ready to face an economic hit. This eventually led for a bail out.
- With this step, in that period of time, it is an economically positive statement.
The country that is being described in the statement given
above is Hong Kong as they are considered as a newly industrializing country in
which they have the capabilities of competing in regards with electronics and
to specialize in the category of trade and banking.
Answer:
(a) 208.33 J/s
(b) 141.12 s
Explanation:
(a) Energy is the rate of doing work.
Work is the product of power and time
Work = Power × Time
Power = Work/time
where work is in joule and time is in seconds
Given that work = 6 × 
Time = 8 h = 8 × 60 × 60
= 28800 seconds
Average useful power = 
= 208.33 J/s
(b) Given
mass = 2000kg , using g = 9.8 m/s2
Force = 2000 × 9.8
= 19600N
Work = Force × Distance ( considering that Work done to lift his body can be omitted because it is not considered useful output here)
Work = 19600 × 1.5
= 29,400J
Time taken = Work/Power
= 
= 141.12s
≈ 2 Minutes 21 Seconds
At the rate of 208.33J/s, it will take the person 141.12 seconds to lift 2000 kg of bricks 1.50 m to a platform.
