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Finger [1]
3 years ago
14

On December 31, 2017, Coolwear, Inc. had a balance in its prepaid insurance account of $48,400. During 2018, $86,000 was paid fo

r insurance. At the end of 2018, after adjusting entries were recorded, the balance in the prepaid insurance account was 42,000. Insurance expense for 2018 would be:\
Business
1 answer:
Liula [17]3 years ago
4 0

Answer:

$92,400

Explanation:

Coolwear incorporation has a balance in its prepaid insurance account of $48,400

In 2018, $86,000 was paid for insurance

At the end of 2018, the balance was $42,000 after adjusting entries were recorded

Therefore the insurance expense for 2018 can be calculated as follows

= $48,400 + $86,000-$42,000

= $134,400-$42,000

= $92,400

Hence the insurance expense for 2018 is $92,400

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What is the subject of Federal Open Market Committee decisions?
Mumz [18]

Answer:

the subject of Federal Open Market Committee decisions is as below:

level of interest rates and growth of the money supply

7 0
3 years ago
TopChop sells hairstyling franchises. TopChop receives $62,000 from a new franchisee for providing initial training, equipment,
Molodets [167]

Answer:

$65,332

Explanation:

The computation of revenue in 2021 is shown below:-

Revenue for the year 2021 = New franchisee received + Received by Top chop × (From July 1 to Aug 1 ÷ 2)

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4 0
3 years ago
A ticket reseller purchases a ticket to a football game for $40 and offers it for sale at a price of $75. A consumer is willing
Burka [1]

Answer:

profit + consumer surplus.

Explanation:

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7 0
3 years ago
To construct an income distribution table, the second step is to _____.
gladu [14]
<em />I think it is C but don't quote me on it.
6 0
3 years ago
Debra, Fang, and Raj were on a team at their engineering company. Though Debra had the most experience of the three, she did not
kumpel [21]

Answer:

C) shared leadership

Explanation:

i found these option

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7 0
2 years ago
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