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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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The economy begins in equilibrium at point E, representing the real interest rate r 1 at which saving S 1 equals desired investm
andreyandreev [35.5K]

Answer:

hello below is the missing diagram needed for the question

answer : point B

Explanation:

when there is a technological innovation that increases the demand for investment and goods the real interest rate,savings and investment will take a positive outlook i.e take a shift to the right , this is due to the increase in investment and a corresponding increase in demand by consumers

Technological innovation are very vital for the expansion of production by companies and firms who provide either goods or services

4 0
3 years ago
Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.83 times at the end of 2008. If the firm's tota
navik [9.2K]

Answer:

Trina's Trikes have equity of 5.03 million

Explanation:

Debt to equity ratio is the rate of debt as compared to equity of the firm.

We can calculate the amount of equity by using formula of debt to equity

Debt to equity = Total Debt / Total equity

1.83  = 9.2 million / Total equity

Total Equity = 9.2 million / 1.83

Total Equity = 5.03 million

4 0
4 years ago
Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $2,000 in investment expenses. T
Reil [10]

Answer:

Please check the following explanation

Explanation:

Capital losses are not included in the calculation of net investment income. Therefore, $2,000 long-term capital loss would have no effect on investment income. Thus, Porters' investment income will remain $2,500.

Consequently, Porters' can deduct $2,500 of the investment interest expense and the remaining $500 of investment interest expense will be carried over to next year.

4 0
3 years ago
I have a business. I have 20 workers and 100 dollars!!! How do I split it??????
Andreyy89
You have 20 workers and $100.00

100.00/20workers = $5.00/ worker.

Just hand each one $5.00 and say Thanks Good Job!

Check: $5.00 x 20 = $ 100.00

8 0
3 years ago
The control systems used in international firms include: personal, bureaucratic, output and Blank______.
Taya2010 [7]

The control systems used in international firms are;

  • personal
  • bureaucratic
  • output
  • Scientific

<h3>What is the control system?</h3>

A control system serves as set of mechanical or personal devices that are used in regulating other other devices or systems.

In international firms this control system helps to monitor the ethics, standards that are required by the international firm in relation with other firms across the globe.

Learn more about control system at;

brainly.com/question/14364696

6 0
2 years ago
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