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
Natali [406]
3 years ago
14

On July 1, 2019, Sheffield Corp. pays $20,700 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fisca

l years ending December 31. For Sheffield Corp., journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Business
1 answer:
11111nata11111 [884]3 years ago
3 0

Explanation:

The journal entries are as follows:

On July 1

Prepaid Insurance A/c Dr $20,700

           To Cash A/c $20,700

(Being prepaid insurance is paid)

On December 31

Insurance expense A/c Dr $

          To Prepaid insurance A/c $1,110

(Being the insurance expense is recorded)

The insurance expense is shown below:

= $20,700 ÷ 3 years × 6 months ÷ 12 months

= $3,450

You might be interested in
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
bazaltina [42]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The West business segment had sales revenues of $1,090,000, variable expenses of $552,000.

The contribution margin is calculated deducting form sales the total variable expenses:

Contribution margin= 1,090,000 - 552,000= $538,000

3 0
3 years ago
The selection process in a high-involvement management organization involves selecting new hires based upon:
kherson [118]
<span>we will explore the recruiting process used by human resource managers to review applications, test and interview candidates, perform reference checks and request health checks.The hiring process is the process of reviewing applications, selecting the right candidates to interview, testing candidates, choosing between candidates to make the hiring decision and performing various pre-employment tests and checks</span>
7 0
3 years ago
Scenario 1.1 The management of a multinational corporation establishes an efficient, specialized human resource (HR) department
Verdich [7]

Answer:

C. Personnel management

Explanation:

The personnel management, the HR it’s a transversal are inside the companies and its and important issue inside the company’s management, it is a reason because you have to improve the conditions to the employees and make more attractive the company allow that the best human capital be interesting in work to the firms that make these types of changes allows to get the best results thanks to the people that work for the organisation .

4 0
3 years ago
A company recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sach
Deffense [45]

Answer:

$42.5 billion

Explanation:

the expected value formula = ∑ (valueₙ x probabilityₙ)

expected value = (low value x probability of low value) + (most likely value x probability of most likely value) + (high value x probability of high value)

= ($5 billion x 20%) + ($45 billion x 70%) + ($100 billion x 10%) = $1 billion + $31.5 billion + $10 billion = $42.5 billion

8 0
3 years ago
What should each person do if the goal is to maximize the amount of fish and coconuts?
asambeis [7]
Are they trying to maximize the amount of fish & coconuts sold or that Is being bought? Can you add more details?
4 0
2 years ago
Other questions:
  • Consider the following misperceptions model of the economy. AD: Y = 600 + 10(M/P) SRAS: Y equals top enclose Y plus P minus P t
    14·1 answer
  • (1) Quality of products available in superstore.
    15·1 answer
  • For a performance appraisal to be effective, it should do all of the following except: a. take place several times a year b. be
    14·1 answer
  • Laila created a new piece of workout gear. She's calling it the Toned Tushie. Although she couldn't initially find potential inv
    10·1 answer
  • Which aspect is common to both cruises and hotels?
    14·1 answer
  • Fixed cost $500<br> Marginal cost $10<br> Item sells for 30$ <br> What is the cost function
    5·1 answer
  • Individuals may find it more advantageous to purchase claims from a financial intermediary rather than directly purchasing claim
    9·1 answer
  • In the trade-off theory, debt levels chosen to balance interest tax shield against the costs of financial distress imply:_______
    6·1 answer
  • IKEA has essentially changed the way people shop for furniture. Discuss the pros and cons of this strategy, especially as the co
    11·2 answers
  • Im <br> bored....................
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!