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wlad13 [49]
3 years ago
11

Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability poli

cy was $36,000 for 18 months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021?
Business
1 answer:
Cerrena [4.2K]3 years ago
6 0

Answer:

The balance in Eve's prepaid insurance account as of December 2021 is $18000 as shown below.

Explanation:

The balance of prepaid insurance would be the balance left after 12 months expense has taken from both amounts

Liability policy $36000*6/18=$12000

Crop damage policy $12000*12/24=$6000

Balance of prepaid insurance           $18,000

The balance of $18000 would be left in the prepaid insurance account,whereas the balance damage crop policy account would be enough for the coming year, there is a need for 6 months insurance policy payment in respect of liability policy in the year 2022

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Energy Resources Ltd. does business in 50 countries around the world. The company stresses to all employees the importance of un
Lady_Fox [76]

Answer:

The correct answer is cross-cultural literacy

Explanation:

Understanding the culture of the people of the host communities is vital to a multinational company survival in foreign countries as the host communities' acceptance plays a pivotal in the area of employing locals as well as ensuring no distruption to the business of Energy Resources Limited.

In understanding the culture of the people, employees are expected to carry out a careful and detailed evaluation of the norms, values, customs and beliefs of the locals to provide a basis for dealing and communicating with them in order to advance the interest  of the company.

6 0
2 years ago
Read 2 more answers
Assume the government imposes a $3 tax on buyers, which results in a shift of the demand curve from D1 to D2. The price the sell
yulyashka [42]

Answer:

The price the seller receives for the product after the tax is imposed on the buyer is $2. Seller pay tax from new eq price to the old one.

Explanation:

6 0
2 years ago
Match each type of savings account with its features. members own it interest rate rises and falls with the market minimal overh
Rudiy27

This is a little hard to read but:

Youth savings - schools often sponsor it

Stock-indexed - rate rises and falls with the market

Credit Union - members own it

Online Account - minimal overhead means higher interest

3 0
3 years ago
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Owen expects to receive $ 25,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 7.1 %​,
Rzqust [24]

Answer: He could borrow from one of the following options:

(a) $18,605

(b) $11,428

(d) $20,000

Explanation:

If Owen borrows $18,605

Bank interest rate = 7.1% of $18,605

=7.1/100 ×$18,605

=$1, 320.955

Owen's debt at his bank=

$18,605+$1,320.9555 =

$19,925.955

When Owen receives the trust fund of $25,000, he can pay his debt and still has $5,074.045 with him.

If Owen borrows $11,428

Bank interest rate = 7.1% × $11,428

=$811. 388

Owen's debt at his bank=

$811.388+$11,428 =

$12,239.388

When Owen receives the trust fund of $25,000, he can pay his debt and still has $12,760.612 left with him.

If Owen borrows $20,000

Bank interest rate =7.1% of $20,000

=7.1/100 ×$20,000

=$1, 420

Owen's debt at his bank=

$20,000 + $1,420 = $21,420

When Owen receives the trust fund of $25,000, he can pay his debt at his bank and still has $3,580 left with him.

4 0
3 years ago
Competing on cost is A. based upon flexibility. B. concerned with reliability of scheduling. C. concerned with uniqueness. D. ac
makvit [3.9K]

Answer: D

Explanation:

Competing on cost is based on achieving maximum value as perceived by the customer.

8 0
3 years ago
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