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blondinia [14]
3 years ago
13

ABC opened for business on January 1, 2018, and paid for two insurance policies effective that date. The liability policy was $3

6,000 for 18 months, and the crop damage policy was $12,000 for a two-year term. What was the balance in ABC's Prepaid Insurance account as of December 31, 2018
Business
1 answer:
Katyanochek1 [597]3 years ago
8 0

Answer:

$18,000

Explanation:

Data provided in the question

Liability policy for 18 months = $36,000

And, the crop damage policy = $12,000 for two years

So by considering the above information, the balance in the ending prepaid insurance account is

= Liability policy ÷ number of years

= $36,000 ÷ 2 years

= $18,000

By dividing the liability policy with the number of years we can get the ending balance and the same is shown above

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Type the correct answer in the box. Spell all words correctly.
e-lub [12.9K]

Answer:

<u>autocratic</u> environment.

Explanation:

It can be said that Peter works in an autocratic environment, characterized by the authoritarianism of the leaders and the decision-making process totally focused only on the high hierarchy.

This work environment has greater control over employees and their activities because there is an inflexible chain of command, and subordinates must obey the decisions of their superiors even if it is not convenient.

There are some unfavorable points of the autocratic environment, such as the demotivation of employees due to lack of freedom and autonomy at work.

4 0
4 years ago
During the first week of October, the workers at Walton's Widget Factory produced the following outputs: on Monday, 10 workers p
EleoNora [17]

Answer:

The average product of labor per day is 324

Explanation:

To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.

Average Product= total number of widgets /days

Monday, 10=250 widgets

Tuesday, 11=286 widgets

Wednesday, 13 =364 widgets

Thursday, 14 workers= 396 widgets

Friday, 12 workers=324 widgets

TOTAL WIDGETS= 250+286+364+396+324=1620

Days= 5 days

Average Product= 1620/5=324

8 0
3 years ago
Shareholders' equity is equal to: Group of answer choices total assets plus total liabilities. net fixed assets minus total liab
faust18 [17]

Shareholders' equity is equal to net fixed assets minus long-term debt plus net working capital.

Shareholders' equity refers to the amount owners of a company have invested in the said company:

  • Shareholders' equity includes the money they've directly invested and the accumulation of income that has been accrued in the name of the company as earned since the start of the investment and reinvestment.
  • It refers to the ownership of assets that may have liabilities or debts connected to them.
  • Shareholder's equity is equal to the net fixed assets of the company subtracted from the long-term debt and added to the net working capital.
  • Another way to ascertain shareholders' equity is by subtracting total assets from total liabilities.

Therefore, shareholders' equity is equal to net fixed assets minus long-term debt plus net working capital.

Learn more about shareholders' equity here: brainly.com/question/14032844

#SPJ4

3 0
2 years ago
Railway Cabooses just paid its annual dividend of $3.10 per share. The company has been reducing the dividends by 10.9 percent e
Vlada [557]

Answer:     Po = Do(1+g)/Ke-g

                  Po = $3.10(1-0.109)/0.13 - (-0.109)

                  Po = $3.10(0.891)/0.13+0.109

                  Po = $3.10(0.891)/0.239

                  Po = $11.56

Explanation: The current market price of the stock equals the current dividend paid multiplied by 1+g divided by the excess of cost of equity over growth rate. The growth rate is negative in this case, thus, the growth rate would be deducted from 1. Moreso, the growth rate will be added to cost of equity since it is negative. Thus, the amount that the investor will be willing to pay is $11.56.

7 0
3 years ago
An accounting manager's duties include which of the following?
CaHeK987 [17]

Answer:

In my view the most suitable answer is B. Making decisions that set the direction of the company's strategies for finacial performance.

Explanation:

The roles and the responsibilities of Accounting managers are expanding rapidly in this new digital age. However, the planning and the strategic decision making part is the most demanding roles that are expected from the accounting managers in today's world.

5 0
3 years ago
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