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kvv77 [185]
3 years ago
8

At the beginning of the year, a company had a balance in its prepaid insurance account of $48,400. During the year, $86,000 was

paid for insurance. At the end of the year, after adjusting entries were recorded, the balance in the prepaid insurance account was $42,000. Insurance expense for the year would be:a. $86,000 b. $92,400. c. $134,400. d. $6,400.
Business
1 answer:
artcher [175]3 years ago
4 0

Answer:

correct option is  b. $92,400

Explanation:

given data

prepaid insurance = $48,400

paid insurance = $86,000

prepaid insurance balance = $42,000

solution

we get here Insurance expense for year that is express as

Insurance expense = prepaid insurance + paid insurance - Prepaid insurance balance .......................1

put here value and we will get here Insurance expense

Insurance expense  = $48,400 + $86,000 - $42,000

Insurance expense  = $92,400

so here correct option is  b. $92,400

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Answer:

Multiple Choice Investors panic causing security prices around the globe to fall precipitously

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Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of
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Answer:

In the country that promotes free-market economy is expected to start seeing firms arriving in this country and invest in those activities where this country has a comparative advantage.

Explanation:

This would lead to an efficient allocation of productive resources taking the economy to optimum production. The technology and tools will rapidly spread, and the industrialization process will be achieved. In the other country, investment and technology implementation is lead by the government allocating resources inefficiently and delaying industrialization.

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Consider two stocks, A and B. Stock A has an expected return of 10% and a beta of 1.2. Stock B has an expected return of 14% and
barxatty [35]

Answer:

B; it offers an expected excess return of 1.8%

Explanation:

Here are the options :

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to determine which stock is the better buy, we have to calculate the expected return of the stocks using CAPM

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

Stock A = 5% + 1.2(9% - 5%) = 9.8%

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The next step is to determine the excess return

stated expected return - calculated expected return = excess return

Stock A's excess return = 10% - 9.8% - 0.2%

Stock B's excess return = 14 - 12.20 = 1.8%

Security B would be considered because it has a higher excess return

8 0
2 years ago
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7 0
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When a hurricane rips through Florida, the price of oranges rises because the demand curve shifts to the left. supply curve shif
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Answer:

Supply curve shifts to the left.

Explanation:

It is know that Florida is the biggest orange producer in America, when a hurricane rips through Florida, there is no change in demand, so the demand curve remains unaltered. As  for the supply curve, the hurricane is likely to destroy orange crops causing a shortage in supply which corresponds to a shift to the left by the supply curve.

The answer is: supply curve shifts to the left.

7 0
3 years ago
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