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Mazyrski [523]
3 years ago
6

On december 2017 coolwear had a balance in its prepaid insurance acount of 68,400. During 2018, 106,000 was paid for insurance.

At the end of 2018, after adjusting entries were recorded, the balance in the prepaid insurance account was $42,000. Insurance expense recorded for 2018 would be:_____.
A. $86,000.
B. $134,400.
C. $74.400.
D. $92,400.
Business
1 answer:
NNADVOKAT [17]3 years ago
8 0

Answer:

$132,400

Explanation:

Calculation for the Insurance expense

Using this formula

Insurance expense= 2017 Ending Balance in prepaid insurance account+ Amount paid for insurance-2018 Ending Balance in prepaid insurance account

Let plug in the formula

Insurance expense=$68,400+$106,000-$42,000

Insurance expense=$132,400

Therefore the Insurance expense recorded 2018 would be $132,400

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When interviewing prospective employees, Samuel, a seasoned manager, often observes hand gestures, facial expressions, and use o
tankabanditka [31]

Answer: (B) Non verbal communication

Explanation:

 The non-verbal communication is the type of communication which uses the body languages such as facial expression, posture, physical movement and various types of gesture for the communication. The non-verbal communication is one of the type of transmission of message or information in non-linguistic manner.  

According to the question, the Samuel is the manager and he always observe the facial expression, gesture and this is the example of non-verbal communication.

Therefore, Option (B) is correct.  

5 0
3 years ago
Based on predicted production of 24,200 units, a company anticipates $220,000 of fixed costs and $435,600 of variable costs. If
Doss [256]

Answer:

Variable cost = $340,200

Fixed cost = $220,000

Explanation:

Given that,

At Predicted production = 24,200 units,

Fixed costs = $220,000

Variable costs = $435,600

Per unit variable cost:

= Variable costs ÷ No. of units produced

= $435,600 ÷ 24,200

= $18 per unit

Total cost at 24,200 units,

= Variable costs + Fixed cost

= $435,600 + $220,000

= $655,600

Total cost at 18,900 units,

= Variable costs + Fixed cost

= ($18 × 18,900) + $220,000

= $340,200 + $220,000

= $560,200

Note: Fixed cost does not changes with the change in the output level.

8 0
3 years ago
An owner of a local salon realized that by decreasing the prices that she charges for haircuts, her revenue has increased. This
STALIN [3.7K]

Answer:

The correct answer is letter "A": ​The demand for her haircuts is elastic.

Explanation:

Elasticity is a feature of certain goods and services that affect their quantity demanded after a change in prices. The price elasticity of demand is calculated by dividing the percentage of change in quantity demanded by the percentage of change in price. Results equal to or greater than one (1) imply the demand for that product is elastic while results lower than 1 means the demand is inelastic.

Thus<em>, if a salon owner realizes her revenue increased after decreasing the haircut prices, it implies the demand for haircuts is elastic.</em>

4 0
3 years ago
A factory machine was purchased for $216000 on January 1, 2022. It was estimated that it would have a $40000 salvage value at th
Gelneren [198K]

Answer:

b. $17600

Explanation:

The computation of the amount of depreciation expense for the year 2022 is shown below:

But before that first we have to find out the per hour rate which is

Units-of-production method:

= (Original cost - residual value) ÷ (estimated production)  

= ($216,000 - $40,000) ÷ (55,000 hours)

= ($176,000) ÷ (55,000 hours)  

= $3.2 per hour

Now for the 2022 year, it would be  

= Machine runs in 2022 year × depreciation per hour

= 5,500 hours × $3.2

= $17,600

5 0
3 years ago
A matrix team for an aerospace company may consist of a project manager, a finance expert, a marketing specialist, a member of p
Ksenya-84 [330]
The answer to this question is true
7 0
3 years ago
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