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murzikaleks [220]
3 years ago
7

Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability poli

cy was $43,200 for 18 months, and the crop damage policy was $28,800 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021?
Business
1 answer:
Morgarella [4.7K]3 years ago
3 0

Answer:

$28,800

Explanation:

When an insurance policy or cover is paid for in advance, the entries posted are debit prepaid insurance and credit cash account.

As the insurance cover expires, the prepaid insurance account is credited and the insurance expense account is debited. Hence, the balance in the prepaid insurance account is the net of the debits and the credits so described.

For the liability policy, one year cover to be expensed

= 12/18 × $43,200

= $28,800

Balance left = $43,200 - $28,800

= $14,400

For the crop damage policy,

one year cover to be expensed

= 12/24 × $28,800

= $14,400

Balance left = $28,800 - $14,400

= $14,400

The balance in Eve's Prepaid Insurance account as of December 31, 2021

= $14,400 + $14,400

= $28,800

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19th century how successful were labor organizations in improving the working conditions for, and advancing the interests of ind
Alex Ar [27]

Answer:

19th century,labor organizations were not very  successful in improving the working conditions and advancing the interest of industrial workers in united states.

<u>Explanation:</u>

Workers formed union.These unions give them immense power.These unions have a leader selected from among the workers only.Leader act as a representative of whole union.These unions can bargain on behalf of all the workers for providing them better working conditions,more wages,bonus.

They used strikes to force the employers to increase wages and provide better working conditions.These unions worked hard to stop child labor,give health benefits and help those workers who  got injured .In 19th century trade unions were formed by skilled workers.

Knights of labor was a  trade union formed in 1869.It attracted large number of workers and hoped to improve their working conditions.In 1880 skilled labor left Knight of labor and joined American federation of labor.It provides better working conditions.It had 500000 members by 1900.

Despite the efforts unions made less progress in this Era .

8 0
3 years ago
You are the primary system administrator for a large Active Directory domain. Recently, you have hired another system administra
KengaRu [80]

Answer:

D) Use the Delegation of Control Wizard to assign the necessary permissions on the OU that the new employee is to administer.

Explanation:

As for the information provided, we know that when some work is to be delegated then, care has to be taken, that the work when delegated, will require delegation of responsibilities and the right to have access to some authorities to do such work.

Here the new administrator needs to have the authority to access the specific OU.  And now, the administrator needs to delegate such rights for new password. Also, the administrator shall not access to passwords of other OU.

Accordingly for this, the company shall delegate with control wizard.

5 0
3 years ago
Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?
Mariulka [41]

Answer:

For example, it's really easy to finance while buying in an existing business while starting a new one. In Addition tons of bankers and investors all around the world would feel more comfortable dealing with a business that already has had a proven track record.

Explanation:

3 0
3 years ago
The following labor standards have been established for a particular product:
swat32

Answer:

$2,430F

Explanation:

The formulae for labor rate variance is given as (Actual rate - Standard rate) × Actual hours worked.

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

Given that;

Actual rate = Actual total labor cost ÷ Actual hours worked

= $119,880 ÷ 8,100

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Standard rate = $15.10 per hour

Actual hours worked = 8,100

Labor rate variance = ($14.8 - $15.10) × 8,100

Labor rate variance $2,430F

8 0
3 years ago
What is the formal agreement between two or more countries trade,peace and other matters called?
Arlecino [84]
Pretty sure its a treaty

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3 years ago
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