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Vedmedyk [2.9K]
2 years ago
8

The income statement of Dolan Corporation for 2012 included the following items:

Business
1 answer:
torisob [31]2 years ago
8 0

Answer:

C) $16,000.

Explanation:

cash paid for insurance premiums = total insurance expense + ending balance of prepaid insurance - beginning balance of prepaid insurance

cash paid for insurance premiums = $15,200 + $3,000 - $2,200 = $16,000

Generally when you purchase an insurance policy you can either pay every month or pay for several months in advance and get a discount. When you pay for several months in advance, you must debit prepaid insurance. Then as time passes, you must accrue insurance expense. For e.g. you pay $2,400 today for a 1 year insurance premium, and at the end of the month you will accrue $200 of insurance expense. But your cash payment was made today.

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Businesses in the United States are governed by laws that provide rights to all citizens regardless of their race, color, religi
Airida [17]

Answer:

Executive Branch: Affirmative Action, Oil Pipeline, Equal Employment

Judicial Branch: Labor Relations, Best Buy, Starbucks

Legislative Branch: Ford, Education, Retirement

7 0
3 years ago
One of the objectives of facility location analysis is to select a site with the lowest total cost.
LUCKY_DIMON [66]

Answer:

The correct answer is E

Explanation:

Product life cycle costs is the cost which is linked or associated with the product for the whole life cycle of the product. It traces the revenues or costs of each and every product over the calendar years or periods throughout the whole life cycle.

So, this cost will be included in the analysis as the hidden costs.

6 0
3 years ago
San Francisco Seats manufactures seats for airplanes. The company has the capacity to produce 100,000 seats per year, but is cur
Rzqust [24]

Answer:

The company's operating income will increase from $8,800,000 by $350,000 to become $9,150,000

Explanation:

Detailed explanation and calculation is shown in the image below

4 0
3 years ago
When looking to finance higher education, what is the best order to look for funding sources?
NemiM [27]
A.Grants/Scholarships - Federal Student Loans - Private Loans B.Private Loans - Grants/Scholarships - Federal Student Loans
C.Federal Student Loans - Grant/Scholarships - Private Loans D.Grants/Scholarships - Private Loans - Federal Student Loans

I think the correct answer from the choices listed above is option D. When looking to finance higher education, the best order to look for funding sources should be Grants/Scholarships - Private Loans - Federal Student Loans. Hope this answers the question. Have a nice day.
5 0
3 years ago
Blair Madison Co. issues $2.0 million of new stock and pays $291,000 in cash dividends during the year. In addition, the company
artcher [175]

Answer:

$809,000

Explanation:

Bliss madison offers $2,000,000 new stocks

He pays $291,000 in cash dividend

The company took advantage of the falling interest rate to borrow $1,600,000

They paid off bonds with an existing face value of $2,500,000

Therefore the net cash flow can be calculated as follows

= 2,000,000-291,000+1,600,000-2,500,000

= 809,000

Hence the net cash flow is $809,000

7 0
2 years ago
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