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
lesya [120]
3 years ago
7

The unexpired insurance at the end of the fiscal period represents

Business
1 answer:
lord [1]3 years ago
7 0

Answer:

Deferred expense

Explanation:

The deferred expense is the expense that is already incurred but it does not realize.  

In other words, it is an advance payment or prepaid payment for the service to be consumed in the future. The cost is reflected in the asset side of the balance sheet.  

It could be prepaid rent, prepaid insurance, etc

Since there is unexpired insurance at the end that reflects the deferred expense.

You might be interested in
The Sales Operations team notices an increase in Opportunities without Products. Which configuration change should the System Ad
natita [175]

The configuration change will enable the System Administrator to help the Sales Reps remember is to enable the opportunity setting to prompt users to add products to opportunities.

<h3>What is a configuration change?</h3>

In a system, a configuration change is said to occur when one modify a component information that is subject to change control.

In conclusuin, the configuration change will enable the System Administrator to help the Sales Reps remember is to enable the opportunity setting to prompt users to add products to opportunities.

Read more about System Administrator

<em>brainly.com/question/14364696</em>

7 0
2 years ago
As a result of the seizing up of the capital markets in 2008, and the shutting down of the CMBS market specifically, life insura
SCORPION-xisa [38]

Answer:

The statement given is TRUE:

Explanation: Most of CBMS left in 2008, there was vacuum that was left. Banks just decided to clean up their balance sheets, and did not participate. The life insurance companies took advantage of this period and increased their origination and thus increased the lending to this sector where there was a huge vacuum.

6 0
3 years ago
Brett owns investment land located in Tucson, AZ. He exchanges it for other investment land. In which of the following locations
andriy [413]

Answer:

F. None of The Above

Explanation:

Real property located in the United States exchanged for foreign real property (and  vice versa) does not qualify as like-kind property.

4 0
2 years ago
Practice Makes Perfect Inc. was started on July 1 of the current year. Practice Makes Perfect provides piano lessons for student
Natalka [10]

Answer:

I used an excel spreadsheet to record this transactions on an accounting equation.  

Practice Makes Perfect, Inc.

Income Statement

For the month ended July 31, 202x

Revenues                                               $2,000

Expenses:

  • Advertising expense $500
  • Rent expense $1,000
  • Wages expense $1,000
  • Supplies expense $300
  • Depreciation expense $750
  • Interest expense $417                 <u> ($3,967)</u>

Net income                                             ($1,967)

Practice Makes Perfect, Inc.

Balance Sheet

For the month ended July 31, 202x

Assets:

  • Cash $99,783
  • Accounts receivables $1,800
  • Supplies $1,700
  • Pianos $47,250

Total assets                                         $150,533

Liabilities:

  • Accounts payable $2,500
  • Notes payable $50,000

Total liabilities                                      $52,500

Stockholders' equity

  • Common stock $100,000
  • Retained earnings ($1,967)

Total stockholders' equity                  $98,033

Total liabilities + equity                      $150,533        

Download pdf
6 0
3 years ago
As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she
bulgar [2K]

As Lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the encoding stage of the communication process.

<h3><u>What is encoding?</u></h3>
  • Humans primarily communicate through encoding and decoding messages. The individual who creates and transmits the message is known as the encoder.
  • The encoder must ascertain how the audience will interpret the message and make necessary changes to ensure that the audience interprets the message as intended.
  • Encoding is the process of converting ideas into language. The message is transmitted by the encoder using a "medium" such a phone call, email, text message, in-person meeting, or other communication method.

Different signals require different levels of conscious thought when they are encoded. The encoder should also care for any "noise"—such as other messages, distractions, or influences—that could obstruct their message.

Know more about encoding with the help of the given link:

brainly.com/question/19586679

#SPJ4

7 0
1 year ago
Other questions:
  • The ultimate source of an organization's culture is Group of answer choices A. Its top management Its environment B. The country
    10·1 answer
  • Each state heavily regulates the insurance industry. <br> a. True<br> b. False
    10·1 answer
  • Shen is interning to become a nurse. Mila is a very skilled and helpful nurse, but also very busy. Shen was glad to have the cha
    9·1 answer
  • How to stop smoking<br><br> plz help<br> im spent £40 a day
    14·2 answers
  • Ray's Satellite Emporium wishes to determine the best order size for its best-selling satellite dish (model TS111). Ray has esti
    5·1 answer
  • Suppose that the demand for picture frames is highly inelastic, and the supply of picture frames is highly elastic. A tax of $1
    11·1 answer
  • Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, d
    9·2 answers
  • The purpose of rough cut capacity planning is to: Select one: a. place a time fence around the MPS. b. determine a production sc
    12·1 answer
  • Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry. PCC owes Mitsubishi Heavy Industry 500 million ye
    14·1 answer
  • What happens in the labor market when the following event occurs?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!