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
Anastasy [175]
3 years ago
5

On April 1, 2019, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What

will be the insurance expense on the annual income statement for the year ended December 31, 2019? A. $1,350. B. $450. C. $1,012.50. D. $337.50.
Business
1 answer:
emmainna [20.7K]3 years ago
6 0

Answer:

The insurance expense on the annual income statement for the year ended December 31, 2019 will be D. $337.50

Explanation:

The company paid the $1,350 premium on a three-year insurance policy.

The insurance expense per year = $1,350/3 = $450

From April 1, 2019 to December 31, 2019, the company had bought the insurance for 9 months.

The insurance expense on the annual income statement for the year ended December 31, 2019 = $450/12x9 = $337.5

You might be interested in
Warm Hearths, a home fashion magazine, is designed to appeal to people who want to know the latest trends in interior design. It
Darya [45]

Answer:

The answer is: consumer market

Explanation:

Consumer market refers to the people that buy products and services for their own personal use, or as a gift to other person (that would be the user of the product or service). Consumer market doesn't include people that buy products to resell them to other customers.

7 0
3 years ago
A buyer took out a $6,000 loan for 10 years at 10.5% interest. The buyer made principal payments of $75 a month on the loan in a
larisa [96]

Answer:

$5,550

Explanation:

Given:

Principle amount of the loan = $6,000

Duration of the loan = 10 years

Rate of interest = 10.5%

Principle payment made each month = $75

Now,

The total principle amount paid in six months

= Principle payment made each month  × 6 months

= $75 × 6

= $450

Now,

the principle amount payment is made on addition to the interest, therefore no interest will be due after 6 months

Hence,

the principle loan balance

= Principle loan amount initially - Total principle paid

= $6,000 - $450

= $5,550

3 0
3 years ago
according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for
Fofino [41]

According to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.

<h3>What are data-driven decisions?</h3>

A data-driven decision is the use of facts, metrics, and data to guide strategic business decisions to align with organizational future goals, objectives, and current initiatives.

Data-driven decisions enable organizations to observe real data and gain predictive insights, enabling the organization to achieve efficiency and effectiveness in its operations.

Thus, according to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.

Learn more about data-driven decision-making at brainly.com/question/17651028

#SPJ12

4 0
2 years ago
As shift supervisor, Cassandra developed the schedule for the day, indicating which of her staff would be doing which job. The s
IrinaVladis [17]

The staff follows this schedule because of Cassandra's legitimate power.

  • As a result, the organization as a whole and the followers' attitudes change for the better.
  • The four I's, often known as the four distinguishing behaviors of transformational leaders, are typically displayed.
  • Inspirational motivation, idealized influence, intellectual stimulation, and individualized consideration are examples of these activities.
  • Personalized power, or power oriented at assisting oneself, can be used to advance one's own selfish goals rather than those of others or the organization.
  • This type of power can give the word "power" a negative reputation.
<h3>Which of the following are considered soft influence tactics?</h3>
  • Personal appeal, consultation, inspirational appeal, ingratiation, and reasonable persuasion are examples of soft methods.
  • Compared to strong methods, soft techniques provide the person being persuaded greater freedom in determining whether or not to accept the influence.

Learn more about legitimate power

brainly.com/question/4584133

#SPJ4

4 0
1 year ago
A corporation: Select one: A. Is less costly to organize than a partnership B. Is subject to less regulation and supervision tha
larisa86 [58]

Answer:

A corporation:

C. Is subject to federal income taxes on its earnings, whereas a partnership is not.

Explanation:

The other options fit a partnership more than a corporation.  The chief advantages of a corporation over a partnership are the limited liability status of the shareholders of a corporation, which benefits all the shareholders and secondly, the corporation is a separate legal entity from the owners.  This second advantage allows professional managers to lead the company.  With respect to federal income taxes on the earnings, the corporation is taxed directly on its earnings and shareholders also pay taxes on their income from all sources (unless it is an S-corporation), while partners in a partnership enjoy pass-through taxation of their partnership earnings.

5 0
3 years ago
Other questions:
  • If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is
    13·1 answer
  • Dr. Amara has twins who would be going to college in the next 10 years. She hopes to save enough in order to be able to pay for
    14·1 answer
  • The value of a firm is maximized when the: Multiple Choice
    13·1 answer
  • Suppose the spot and three-month forward rates for the yen are ¥102.21 and ¥101.18, respectively.a. Is the yen expected to get s
    12·1 answer
  • If a defendant seeks to throw out evidence obtained by law enforcement officers during a search and seizure, and interrogation,
    8·1 answer
  • Described below are certain transactions of Crane Company for 2021:
    9·1 answer
  • The product deletion process is similar to the ____ step of the new-product development process because both involve deciding wh
    9·1 answer
  • Records are anything: papers, memos, presentations, reports, books, maps, e-mails, computer-readable material, photographs, or o
    5·1 answer
  • Justin, a member, has been in public practice for 25 years. His firm does bookkeeping and financial statements for approximately
    6·1 answer
  • why is mutual fund investing a good idea for retirement, but not for your emergency fund or short-term savings?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!