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Law Incorporation [45]
3 years ago
10

Prepaid Insurance $11,048. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on

the building was purchased on April 1, 2018, for $8,064. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2019, for $5,000. This policy has a term of 2 years.
Business
1 answer:
meriva3 years ago
7 0

Answer:

total insurance expense 5,188 dollars

insurance expense 5,188 debit

     prepaid insurance       5,188 credit

Explanation:

We calcualte the value of a single month on eahc policy and then multiply by the complete year.

8,064 building policy for 3 years:

value oer month: 8,064/ 36 = 224

expired amount on 2019: 224 x 12 = 2,688

vehicles policy: 5000 for 2 years:

5,000 / 24 = 208.33

expired amount on 2019: 208.33 x 12 = 2,500

total insurance expense 5,188 dollars

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Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the b
Anna71 [15]

Answer:

The following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

a. Different companies use different charts of accounts based on individual company need.

b. The chart of accounts contains the balance of all of the accounts in a ledger.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

d. The chart of accounts can be ordered in any sequence because they are not formal financial systems.

The explanation of the answer is now provided as follows:

A chart of accounts can be described as a list of financial accounts that an accountant sets up for an organization and makes available to the bookkeeper for inputting transactions into the general ledger.

Therefore, the chart of accounts for each account type should be organized in a logical sequence. Depending on the needs of the business, different organizations employ different charts of accounts.

Based on the explanation above, the following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

8 0
3 years ago
If Home Depot was correct in that it was not discriminating, but simply filling positions consistent with those who applied for
dalvyx [7]

Answer:

Yes and the theory is stereotyping

Explanation:

In a workplace women are subjected to gender stereotyping.

Stereotyping is when there is a wrong belief or idea about people based on they look on the outside.

Most times this is a wrong belief or partially true. It is a form of prejudice because how the person is on the outside is not a true definition of who they are.

In this scenario women are made to feel they were not on the same level as male counterparts during promotions, hiring, and payment.

This prejudice was explained by home Depot to be based on experience. They said most women had experience as cashiers so the could only fill roles like cashier, customer care, and clerk

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3 years ago
A partial listing of costs incurred at archut corporation during september appears below: direct materials $ 113,000 utilities,
Murrr4er [49]

Calculation of Total Manufacturing Overhead Costs:


Manufacturing overhead costs are indirect costs incurred in relation to the production.

From the given information manufacturing overhead costs shall include factory Utilities $5,000, Indirect labor $ 25,000, depreciation of production equipment $ 20,000


Hence the Total Manufacturing Overhead Costs shall be (5000+25000+20000)=<u>$50,000</u>




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The first factor that a person must take into account to compare whether it is better to buy a car or rent it is the income that he receives each month. For example:

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This situation varies according to other factors such as the purchase value of the car, the monthly rental value, the value of the repairs, the value of the fuel, among others.

Note: This question is incomplete because it does not have the complete information.

Learn more in: brainly.com/question/25442731

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