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erastovalidia [21]
4 years ago
8

On December 31, 2017, Coolwear, Inc. had a balance in its prepaid insurance account of $48,400. During 2018, $86,000 was paid fo

r insurance.
At the end of 2018, after adjusting entries were recorded, the balance in the prepaid insurance account was 42,000. Insurance expense for 2018 would be:

(A) $92,400.

(B) $6,400.

(C) $134,400.

(D) $86,000.
Business
1 answer:
Diano4ka-milaya [45]4 years ago
3 0

Answer:

Insurance expense will be $92400

So option (a) will be correct option

Explanation:

We have given balance in prepaid insurance = $48400

Insurance paid in 2018 = $86400

Ending prepaid insurance balance = $42000

We have to find the insurance expense for 2018

Insurance expense for 2018 is given by

Insurance expense = $48400+$86400-$42000 = $92400

So option (a) will be the correct answer

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Others are:

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6 0
2 years ago
If own price elasticity of demand for your market is -1.2, and your marginal cost is flat at 10, what is the optimal price for y
scZoUnD [109]

Answer: $60

Explanation:

The optimal price for a monopoly firm is expressed by;

Price = Marginal Cost * ( Own Price Elasticity/ (1 + Own Price Elasticity))

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Price = 10 * (-1.2/-0.2)

Price = 10 * 6

Price = $60

8 0
3 years ago
Which is the best measure of risk for a single asset held in isolation, and which is the best measure for an asset held in a div
vladimir2022 [97]

Answer:

b. Coefficient of variation; beta

Explanation:

In the case when the single asset would be held in isolation so here the best measure would be coefficient of variation

And, on the other hand the asset that held in diversified portfolio so here the beta would be considered as a best measure of risk

Also the asset held in diversified portfolio would be less risky as compared with the similar asset held in isolation

3 0
3 years ago
​Historically, stocks have delivered a​ ________ return on average compared to Treasury bills but have experienced​ ________ flu
I am Lyosha [343]

Answer:

Historically, stocks have delivered a​ higher return on average compared to Treasury bills but have experienced​ higher fluctuations in values.

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5 0
4 years ago
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Answer:

All of the above

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I took the k12 test

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