1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slavikrds [6]
3 years ago
5

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the

payment. The required adjusting journal entry on December 31 includes a: (Check all that apply.)A) credit to Prepaid insurance for $400. B) debit to Insurance expense for $400. C) credit to Insurance expense for $400. D) debit to Prepaid insurance for $400. E) debit to Insurance expense for $4,800.
Business
1 answer:
Aleks [24]3 years ago
3 0

Answer:

The correct option is B

Explanation:

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the payment. The required adjusting journal entry on December 31 that insurance expense would be debited for $400.  Therefore, the correct option amongst the given options would be option B.

You might be interested in
rev motor company buys plugs and points from sparkplugs inc. and puts them in rev vehicles without changing their composition. i
chubhunter [2.5K]

In a case whereby  rev motor company buys plugs and points from sparkplugs inc. and puts them in rev vehicles without changing their composition if the parts are defective, the damages that can be associated with this is the Rev and Sparkplugs.

<h3>What was the  defects?</h3>

A defect can be described as the abnormalities that can be associated to a particular process which is necessary to be addressed for the efficient functionality of the system.

It should be noted that in the case above Rev and Sparkplugs that was introduced to the system of  rev motor company and for thios to be adjusted they need to visit the automechanics to fix or change it.

Learn more about  defects at:

brainly.com/question/28386457

#SPJ1

6 0
2 years ago
Which of the following is most likely to be a primary data source:
love history [14]

Answer:

d. A customer survey

Explanation:

Data collected by researchers for the first time for a specific study is primary data.  A customer survey is a method of collecting primary data. A customer survey gathers information on the research topic directly from respondents.

Primary data like surveys are costly and consume time to collect, unlike secondary data. Other methods of collecting primary data include administering questionnaires, direct or indirect personal interviews, field observations, and experiments.

7 0
3 years ago
Ethan's job as an accounting assistant was recently modified to include reconciling bank accounts and making deposits, two tasks
Lostsunrise [7]

Answer:

A) enlargement.

Explanation:

Job enlargement takes place when the tasks, duties and responsibilities of a certain job position increase to include new tasks, new duties and new responsibilities that are related to the original ones. While the employee is given more things to do, his/her level within the organization doesn't change.

6 0
3 years ago
Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation
Ludmilka [50]

Answer:

During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:

I. Output: During Recession, production output reduces.  But, during expansion, product output rises with rising income, employment, and even stable inflation.

II. Employment: During phases of economic Expansion, employment rises, while it contracts during the phases of Recession.

III. Inflation: Due to rising income and output during economic expansionary periods, inflation rate also rises.  It reduces when the economy enters a recession.

Explanation:

Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation.  It usually cascades between the spectrum of expansion and recession.  This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.

5 0
4 years ago
Critical analysis Q8 Complete the following statement. An unexpected increase in the price level will temporarily output and emp
tester [92]

Answer: INCREASE; DECREASE

Explanation:An unexpected increase in the price of goods and services will cause a temporary output and employment,this is so because producers will respond to the rise in price by increasing the amount of goods and services supplied to the market,this will lead to a rise in employment.

An unexpected decrease in price level will lead to a decrease in the output by producers and employment will drop accordingly. This tries to show how price determines change in supply and employment.

6 0
3 years ago
Other questions:
  • The Department of Defense publishes pay charts for enlisted and officer pay. This indicates the level of ______ in the DOD. A. p
    14·1 answer
  • When adding a randomly chosen new stock to an existing portfolio, the higher (or more positive) the degree of correlation betwee
    8·1 answer
  • Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
    14·1 answer
  • The SP Corporation makes 40,000 motors to be used in the production of its sewing machines. The average cost per motor at this l
    8·1 answer
  • Presented below is information from Headland Computers Incorporated.
    10·1 answer
  • Importance of economy in our life​
    10·1 answer
  • RideShare offers short-term rentals of vehicles that are kept in small lots in urban neighborhoods with plenty of potential cust
    11·1 answer
  • Select all that apply.
    8·2 answers
  • You must choose between four pieces of comparable equipment based on the cash flows given below. All four pieces have a life of
    12·1 answer
  • In the short run, average total costs and average variable costs converge as output increases because:________
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!