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taurus [48]
3 years ago
12

Wilson company paid 6,700 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The ba

lance in the prepaid insurance account before adjustment at the end of the year is 6,700, and no adjustments had been made previously. The adjusting entry required on December 31 is:
Business
1 answer:
Angelina_Jolie [31]3 years ago
6 0

Answer:

Given that,

Total prepaid insurance = $6,700

Monthly insurance:

= Total prepaid insurance ÷ 4 months

= $6,700 ÷ 4 months

= $1,675

Insurance expense for two months:

= $6,700 - $1,675

= $5,025

Therefore, the adjusting entry required on December 31 is as follows:

Insurance expense A/c Dr. $5,025

          To Prepaid insurance           $5,025

(To record the adjusting entry for the insurance)

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Correcting a market with an externality through taxation is _________ correcting it through a set output target from command and
Kipish [7]

Correct question:

Correcting a market with an externality through taxation is _________ correcting it through a set output target from command and control.

Group of answer choices

A. less efficient than

B. as efficient as

C. either more or less depending on the elasticity of demand

D. more efficient than

Answer:

Correcting a market with an externality through taxation is (A) less effective than correcting it through a set output target from command and control.

<h3>Correcting a market with taxation:</h3>
  • The government can discourage the consumption of harmful products by raising taxes on them.
  • Cigarette and alcohol taxes, for example, are raised on a regular basis to discourage their consumption and limit their adverse impacts on unconnected third parties.
<h3>Command and control strategies:</h3>
  • Command and control is a sort of environmental regulation that allows policymakers to expressly regulate both the amount and the procedure by which a company should maintain environmental quality.
  • Correcting marketing is more effective than correcting manufacturing through taxation.
<h3>Reason -</h3>

As it is stated above Correcting marketing is more effective than correcting manufacturing through taxation.

Therefore, Correcting a market with an externality through taxation is (A) less effective than correcting it through a set output target from command and control.

Know more about market correction here:

brainly.com/question/2626419

#SPJ4

7 0
2 years ago
A customer owns 100 shares of an NYSE listed preferred stock and notices that the typical daily trading volume in the issue is l
Bingel [31]

Answer:

The broker should respond that the Specialist (DMM) on the NYSE flooris obligated to buy the stock at the current market.

Explanation:

Now under the NYSE rules, to make a nonstop market in the assigned stock. A customer is will always be guaranteed that the trade will be executed - on the other hand, the price at which the trade is effected is constantly subject to various market conditions.

So the best response from the broker is that the Specialist (DMM) on the NYSE floors is required to buy the stock at the current market.

8 0
3 years ago
Born and raised in India, Rashmi has always enjoyed Indian cooking. As a matter of fact, cooking was her passion and she always
My name is Ann [436]

Answer:

The answer is: Modify

Explanation:

In Rashmi´s catering business, modify refers to changing the process in order to solve problems.

Rashmi must change her recipes so that the food she sells isn´t too spicy for his potential customers. Indian food is famous for being extra spicy, but American food isn´t so she must modify it to satisfy American taste.    

3 0
4 years ago
Corporate governance is important to nations because: a. firms seek to invest in nations with national governance standards that
Mama L [17]

Answer:

Firms seek to invest in nations with national governance standards that are acceptable to them.

Explanation:

Corporate governance involves the way a company is been controlled by the owners or board of directors. It involves the rules by which workers abide and the hierarchy of workers.

Corporate governance is important to nations because in most cases it is the owners of a company that decide which country to invest in, and in most cases the investors critically check if the country has a suitable governing atmosphere for their business to run smoothly in.

6 0
3 years ago
TUMI brand briefcases are very expensive, high-end briefcases that are generally sold in specialty luggage shops. Which of the f
myrzilka [38]

Answer:

B. Executives

Explanation:

Option E is wrong. Students do not need high-end briefcases for school or other tasks.

Option D is incorrect. Postal workers do not need any expensive briefcases to carry postal service and letters.

Option C is false. Construction workers cannot afford expensive briefcases.

Option A is not correct. Police officers have not necessary to have those briefcases.

Option B is correct. Executives often need high-end briefcases to keep essential things with them. They can also afford expensive bags.

7 0
3 years ago
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