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
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

You might be interested in
Steve sells his home to Srivani and ends up with a producer surplus of $100,000. Srivani has a consumer surplus of $1,000 from t
amid [387]

Answer:

Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus

Explanation:

The options to this question wasn't provided. Here are the options : Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus. Both parties experience surplus, so the transaction was equitable. Only Steve benefits from the sale. Srivani will not be happy with her purchase.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell his good.

While both parties earn a surplus, the producer surplus exceeds the consumer surplus . Therefore, the seller benefited more from the trade than the consumer.

I hope my answer helps you

3 0
3 years ago
Who is this guy please help me!!!!!! As Soon As Possible
Virty [35]

Answer:

This guy is Steven Cree. Steven Cree is an Scottish film and theater actor. Cree began his career in 2001 by playing a guest starring role in a comedy series. In 2009. he moved on from television screen to feature in film roles and played many characters in different films such as  Antonio Vivialdi in Condor Pictures' Vivaldi. Apart from television and films, Steven Cree is also known for his exceptional work in theater.

6 0
3 years ago
An investor holds a 6% callable bond purchased at 105. If the issuer calls the bond before maturity, the yield to call (YTC) rea
myrzilka [38]

Answer: less than the coupon

Explanation:

When a bond that is bought at a premium of 205 is called before the bond matures by the issuer, this implies that the accelerated premium loss will have to be reflected in calculated yield to maturity.

It should also be noted that the YTC is the lowest among the yields for the premium bonds. Therefore, if the issuer calls the bond before maturity, the yield to call (YTC) realized by the investor would be less than the coupon.

Option B is correct.

7 0
3 years ago
experts argue that, to limit the potential for war and other armed conflict, efforts by international bodies must be increased,
Elan Coil [88]

To limit the potential for war and other armed conflict, efforts by international bodies must be increased, particularly at United Nations well-known organization.

Many conflicts since the 1990s have been resolved either through UN mediation or through the action of third parties acting with UN support. Examples from the recent past include Nepal, Liberia, Burundi, the Sudan's north-south conflict, and Sierra Leone. A 40% decrease in conflict worldwide since the 1990s is attributed to UN peacemaking, peacekeeping, and conflict prevention activities, according to research. Many potential conflicts have been avoided through preventive action taken by the UN and other organizations. On the ground, 11 UN peace missions deal with post-conflict situations and implement peacebuilding strategies.

In about 30 nations or territories, the UN provides assistance in demining, including in Afghanistan, Colombia, the Democratic Republic of the Congo, Libya, and the Sudan. Thousands of civilians are killed or injured each year by landmines. The UN also promotes full international participation in treaties relating to landmines and provides instruction on how to avoid danger, aids victims in becoming self-sufficient, and helps nations destroy stockpiled landmines.

Learn more about United Nation (UN), here

brainly.com/question/9763405

#SPJ4

8 0
1 year ago
Andrea is interested in medical science and wants to be a doctor. Her grades in science are impressive. Which CTSO should she jo
Harlamova29_29 [7]

Health Occupations Students of America.


4 0
3 years ago
Read 2 more answers
Other questions:
  • Fox Co. was organized January 2, with 30,000 authorized shares of $10 par common stock. During the year the corporation had the
    7·1 answer
  • A company receives money for the sale of its stock
    5·1 answer
  • What is the main purpose of an appointment reminder? In a medical office.
    6·2 answers
  • Rubium Micro Devices currently manufactures a subassembly for its main product. The costs per unit are as​ follows: Direct mater
    11·1 answer
  • Consider the market for dog walkers that is currently in equilibrium. If the government institutes a minimum wage that is below
    6·1 answer
  • The marginal utilities associated with the first 5 units of consumption of good Y are 15, 15, 10, 7, and 3, respectively. What i
    10·1 answer
  • What are also known as restrictive covenants or Covenants, Conditions and Restrictions and are constraints that run with the lan
    14·1 answer
  • On January 1, 2021, The Barrett Company purchased merchandise from a supplier. Payment was a noninterest-bearing note requiring
    15·1 answer
  • Jasmine is looking at career options for her future. She would like to be able to rent a house and live in a city near her famil
    7·1 answer
  • On April 1, Lewis Company paid $14,400 for two years of insurance in advance. Lewis Company recorded the transaction by debiting
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!