Explanation:
The journal entries are as follows:
On July 1
Prepaid Insurance A/c Dr $20,700
To Cash A/c $20,700
(Being prepaid insurance is paid)
On December 31
Insurance expense A/c Dr $
To Prepaid insurance A/c $1,110
(Being the insurance expense is recorded)
The insurance expense is shown below:
= $20,700 ÷ 3 years × 6 months ÷ 12 months
= $3,450
Answer:
Investors’ outlook for the firm has improved.
Explanation:
Computation of Market price.
MPS = PE ratio × EPS
⇒ MPS (Previous) = $1.20 × 15
⇒ MPS (Previous) = $18
⇒ MPS (Current) = $1.20 × 18
⇒ MPS (Current) = $21.60
So, we say that the market price has increased.
Investors’ outlook for the firm has improved.
The effects of legislative laws on human resource professionals are important as it affects all the areas covered under human resource management.
<h3>What is a human resource?</h3>
Human resource is referring to the employees or workforce working or being employed in the organization by the HRs.
The legislation passed concerning HRM covers all the areas in which they are working. The areas can be the hiring of employees, monitoring their performance, compensation and rewards tracking, training regarding the projects of the company, induction of the company, etc.
Therefore, the laws relating to HRM would help HR managers in performing all the tasks in an efficient manner.
Learn more about the HRM in the related link:
brainly.com/question/20599129
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