In medical terms it would be the first sacral vertebra through the fifth sacral vertebra
Answer:
Debit Insurance expense $10,000
Credit Prepaid Insurance $10,000
Being entries to recognize insurance expense for the period (August to December).
Explanation:
Given;
Insurance policy was purchased on July 10 to run for 3 years.
Cost of policy = $72,000
Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)
Monthly depreciation = $72,000/(3 × 12)
= $2,000
Total amortization between August and December = 5 × $2,000
= $10,000
Journal entries
Debit Insurance expense $10,000
Credit Prepaid Insurance $10,000
Being entries to recognize insurance expense for the period (August to December).
Answer:
The correct answer is letter "D": $24.
Explanation:
Opportunity cost can be defined as the cost of the best next available option after taking another decision in regards to a situation. It is also the return that the chosen option provides compared to the return that could have provided the option that was forgone.
In this case, choosing to go to the local carnival will represent losing one hour of working as a coach assistant ($15). Besides, as there is a $9 admission fee to the carnival, you will need to spend that money. Thus, the total opportunity cost of going to the carnival instead of working is $24 (<em>$15+$9=$24</em>).
This would be a customer profile.
Hope this helps.
Answer:
The amount of the cash flow to creditors is $74
Explanation:
Beginning of the year:
Long-term debt = $308
Total debt = $339
At the end of the year:
Long-term debt = $269
Total debt = $349.
Interest = $35
Net new borrowing = Ending Long-term debt - Beginning Long-term debt
= $269 - $308
= ($39)
Cash flow to creditors = Interest paid - Net new borrowing
= $35 - ($39) = $ 74
