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
skelet666 [1.2K]
3 years ago
13

Q 4.26: on december 31, 2017, before any year-end adjustments, canterbury shoe repair's prepaid insurance account had a balance

of $3,500. It was determined that $2,200 of the prepaid insurance had expired. The adjusted balance for prepaid insurance at december 31, 2017, will be
Business
1 answer:
melamori03 [73]3 years ago
3 0

<u>Calculation of adjusted balance for prepaid insurance at December 31, 2017:</u>


It is given that on December 31, 2017, before any year-end adjustments, Canterbury shoe repair's prepaid insurance account had a balance of $3,500. It was determined that $2,200 of the prepaid insurance had expired.

So the adjusted balance for prepaid insurance at December 31, 2017, shall be (3500-2200) = <u>$1,300</u>




You might be interested in
How does the Walmart corporation benefit AND harm American producers? American consumers?
Kruka [31]

Answer:

Explanation:

They helps to boost economy of country and provides goods and services at reasonable price. On the other hand, it is competitor of many companies like superstore, save on foods etc

6 0
3 years ago
Read 2 more answers
The next wave of marketable innovations may involve new ways to produce and conserve energy. If we can turn new technology into
Whitepunk [10]

Answer:

The correct answer is a) Gross domestic product (GDP)

Explanation:

Gross domestic product (GDP) is a fiscal measure of the market value of all the final goods and services produced annually. There are two types of GDP, nominal and Real.

8 0
2 years ago
Funds acquired by the firm through retaining earnings have no cost because there are no dividend or interest payments associated
kow [346]

Answer:

False

Explanation:

Retained earnings have no flotation costs, but have opportunity costs. For example, if companies distribute the earnings to shareholders, shareholders can invest the funds in alternative sources for returns.

8 0
3 years ago
Read 2 more answers
What are purchased items or extracted materials that will be transformed into components or products called?
Amanda [17]

<u>Answer:</u>

<em>Purchased items or extracted materials that will be transformed into components or products are called (</em><u><em>A) Raw materials inventory </em></u>

<u>Explanation:</u>

Raw materials inventory is the complete expense of all segment parts at present in stock, which is not in use, therefore, a continuous process or completed stock creation. There are two subcategories of crude materials, which are direct materials. These are materials fused into the last item.

Raw materials may at times be announced out of date, perhaps because they are never again utilized in organization items, or because they have debased while away, thus can never still be used

8 0
3 years ago
Capital brought into a business in exchange for a percent of ownership in the business is called
neonofarm [45]

Answer:

D: Equity financing

Explanation:

Equity is ownership in the business - equity financing means giving up ownership in order to secure financing.

3 0
3 years ago
Other questions:
  • It is generally safe to provide your Social Security Number to:
    10·2 answers
  • The tomb of emperor qin shihuangdi includes an extraordinary grouping of what type of work?
    5·1 answer
  • Mason Company paid its annual property taxes of $240,000 on February 15, 20X9. Mason also anticipates that its annual repairs ex
    12·1 answer
  • At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 ga
    11·1 answer
  • You own a house worth $400,000 that is located on a river. If the river floods moderately, the house will be completely destroye
    10·1 answer
  • Mintzberg characterized managers' interaction with people both inside and outside of their work units as their _______ roles.
    6·1 answer
  • David Harper, the marketing manager of a large cosmetic company, observes that when the company decreases the price of its premi
    5·1 answer
  • Ironhorse Tools has used $700,000 from its total annual earnings of $1,650,000 to invest in upgrading its manufacturing faciliti
    10·1 answer
  • Alta Loma Industries has three product lines, A, B, and C. The following information is available: A B C Sales $100,000 $90,000
    12·1 answer
  • According to the eight-stage model of planned organizational change, the last stage of navigating the change process is?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!