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
Gekata [30.6K]
3 years ago
14

On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $66,400. During 2021, $104,000 was paid f

or insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid insurance account was $51,000. Insurance expense for 2021 was:___________--
Business
1 answer:
Serjik [45]3 years ago
7 0

Answer:

$119,400

Explanation:

Given that,

Opening, balance in the prepaid insurance account = $66,400

paid for insurance = $104,000

At the end, Balance in the prepaid insurance account = $51,000

Total amount paid:

= Opening, Balance in the prepaid insurance account + Paid for insurance

=  $66,400 + $104,000

= $170,400

Insurance expense for 2021:

= Total amount paid - At the end, balance in the prepaid insurance account

= $170,400 - $51,000

= $119,400

You might be interested in
If we assume that both countries specialize according to their comparative advantage, then how do we find a terms of trade that
levacccp [35]

Answer:

The best way to find terms of trade that will ensure that two entities are in the best terms of trade will be to look at the opportunity costs of the various products they produce.

A high opportunity cost in one product relative to that of the other entity means the entity with the higher opportunity cost should be trading with the entity with the lower opportunity cost and vice versa.

For example, assume that an entity "A" produces both rice and beans whilst an entity "B" also produces rice and beans too.

If the opportunity cost to A of producing Beans is 300 bags of rice whilst the opportunity cost to B of producing Beans is 120 bags of rice, and the opportunity cost to A of producing rice is 180 bags of beans whilst it is 250 bags of beans to B, the principles of comparative advantage require that A should focus more on producing rice and purchase beans from B whilst B should focus more on producing beans and purchase rice from A.

Cheers!

4 0
3 years ago
Why do we need to do school when at home bc this is supposed to be my vaca...
QveST [7]

Answer:

because it's only April

Explanation:

school doen't end until may

5 0
3 years ago
Read 2 more answers
If earnings are expected to grow at a constant rate over time of 0.03 and investors' rate of discount is constant at 0.04, and i
Usimov [2.4K]

Answer:

The answer is $15,656

Explanation:

Formular: P = D * \frac{1 + g}{k - g}

P represent estimated stock price or value = ?

D represent last dividend paid = $152

k represent discount rate = 0.04

g represent growth rate = 0.03

Using the fomular above; P = $152 * \frac{1 + 0.03}{0.04 - 0.03}

P = $152 * \frac{1.03}{0.01}

P = $152 * 103 = $15,656

:. The fundamental value of the stock market would be $15,656

7 0
3 years ago
identify a correct statement according to those who believe that regulation of discrimination and other areas of employment rela
Firdavs [7]

An accurate statement according to individuals who trust that regulation of discrimination and other areas of the employment relationship is vital: financial forces do not have the funds for absolute safety against employment discrimination on the basis of race, gender, nationality, or different covered categories.

Employment is described as what you do as a paying job. An instance of employment is running for an espresso save. The definition of employment is the quantity or percent of humans who've jobs. An instance of employment is the share of citizens with paying jobs indexed kingdom by means of the country.

A career by way of which someone earns a dwelling; paintings; enterprise. the full quantity of people gainfully hired or running. an activity or the like that occupies someone's time: She located knitting a comforting employment for her idle hours. Paints and employment may be used indistinctly in normal language, however, for the labor marketplace, they imply very different things. Employment is a totally particular form of work. other styles of work consist of personal-use production work, volunteer paintings, and unpaid trainee paintings.

Learn more about employment here:

brainly.com/question/1991900

#SPJ4

7 0
1 year ago
Most economists A. apply the assumption that people rarely behave as if they act rationally although they do aim to maximize uti
aleksklad [387]

Answer:

The correct answer is letter "C": apply the assumption that people behave as if they act rationally with an aim to maximize utility.

Explanation:

The theory of rational expectations is mainly used in macroeconomics, with the idea that decisions of individuals will affect the future course of the economy. According to this theory, people's behaviors are based on <em>rationality, all the information that they have available, </em>and <em>past experiences. </em>

Some of the rational expectations theory's premises are that <em>people hold expectations that will be met, variables values (price, output, and employment) are taken into account, </em>and <em>individuals are always trying to maximize their profits.</em>

3 0
2 years ago
Other questions:
  • These are selected 2022 transactions for Flounder Corporation: Jan. 1 Purchased a copyright for $96,000. The copyright has a use
    13·1 answer
  • An MNC uses which international strategy for entering a foreign market by purchasing another company already operating in the ar
    14·1 answer
  • State or federal codes that specifically apply to businesses are called: A. franchise law B. patent law C. business law D. tax l
    14·2 answers
  • Buyers should consider and regard a supplier as a:
    15·1 answer
  • Strama, Inc., manufactures and sells two products: Product A6 and Product I5. The company has an activity-based costing system w
    12·1 answer
  • ​You're traveling in Japan and are thinking about buying a new kimono.​ You've decided​ you'd be willing to pay​ $175 for a new​
    9·2 answers
  • All of the following are true except:___________
    7·1 answer
  • What does Mrs. Morningstar say that Sancho and Bolsa couldn't find in a porta-potty?
    14·2 answers
  • Which of the following is an advantage of a centralized purchasing department? a. Less bureaucracy b. Specialization c. Closer c
    5·1 answer
  • A young professional wishes to have $730000 in her retirement account. She invests $900 monthly in the account which earns 11.5%
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!