Answer:
Journal Entry will be as follow
DR. Insurance Expense $5,625
CR. Prepaid Insurance $5,625
Explanation:
On 31 July 2018 the advance Insurance has been paid and the prepaid insurance account has been debited and cash is credited. As a result the prepaid insurance is recorded as an asset. On December 31, 2018 five month has been passed, so according to accrual concept the expense should be recorded for this period. The adjusting entry requires an expense account of Insurance to debited and prepaid insurance account should be credited to transfer the accrued insurance expense from asset account to an expense account.
Total Insurance paid = $27,000 for two years
Insurance per month = $27,000 / 12 = $1,125
Insurance expense for five months of 2018 = $1,125 x 5 = $5,625
YES, The primary focus of financial accounting information is to provide useful information for users to make investing decisions credit decisions
- The financial Accounting provides useful data for external users to make both funding and credit score decisions.
because the financial accounting keeps the tune of all the transactions and economic activities of the commercial enterprise, it allows the users to analyse the health of the corporation to take critical selections.
- Traders use such facts to examine the monetary health of the commercial enterprise and such facts to evaluate with different corporations to make funding choices.
creditors use economic statistics to examine the solvency and creditworthiness and determine whether or not to lend or no longer.
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Answer:
Evaluate your decision
Explanation: correct mark brainlest plz. and thanks also []L7[]
Answer:
$4,807.69
Explanation:
The first step is to calculate the requirement for coinsurance
= 80/100 × 130,000
= 0.8× 130,000
= 104,000
Therefore the amount in which the insurance person will pay can be calculated as follows
= 100,000/104,000 × 5000
= 0.96153×5000
= $4,807.69
Answer:
<em>Media Mix Optimization</em>
Explanation:
Media Mix Optimization (MMO) <em>is a technique for efficiently distributing marketing spending across procurement networks to optimize certain company results (clicks, installations, profit)</em>.
Using Media Mix Optimization, an analyst, or some other marketing manager tries to maximize the total impact of the advertising budget by budget distribution across a range of marketing channels.
This approach provides a macro view of the advertising budget against attribution optimization, taking a micro view at the channel level (or even at the channel level of a campaign).
