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
Naddik [55]
2 years ago
6

Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer pu

rchases one year of flood insurance in advance on March 1, paying $36,000 ($3,000/month).
Required:
1. Recore the purchase of insurance in advance on March,1.
Business
1 answer:
Serjik [45]2 years ago
4 0

Explanation:

1. The journal entry is as follows:

On March 1

Prepaid insurance A/c Dr $36,000

       To Cash A/c $36,000

(Being the prepaid insurance is recorded for cash)

For recording the advance purchase of insurance, we debited the prepaid insurance and credited the cash account. Both the accounts are recorded at $36,000 so that the proper posting could be done.

You might be interested in
Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing to pay full retail prices on shoes.
umka2103 [35]

Answer:

b. Share the customer research with employees, showing them why change is needed.

c. Tell employees that they have the power to change any work process, so long as their changes make the overall organizations more efficient.

d. Tell stories about the importance of efficiency and the things he has done to more efficient at work himself.

Explanation:

The Tony Hsieh has noticed that the customers of Zappos's are not willing to pay full retail price. In order to make company's culture more efficient the Tony should introduce a culture of telling stories about the efficiency at work and its benefits. The customer research should be shared with employees to analyze them that efficiency is needed. Make overall efforts in the organization to improve efficiency of work process.

4 0
3 years ago
A company is using a mobile device deployment model in which employees use their personal devices for work at their own discreti
Elis [28]

Answer:

no entiendo un carajoooooool

8 0
3 years ago
Discuss the bearing of a job description of an organization with more than 500 employees
Lemur [1.5K]

Answer: ahahahahahahahahahahahahaha

Soak

4 0
3 years ago
Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,
saw5 [17]

Answer:

                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

                       Bonds payable                               $500,000

                 (To record the bond issuance)                  

31 Oct, 18  Interest Expenses           $22,500

                 (500000*9%*6/12)

                         Cash                                               $22,500

                 (To record payment of the first semiannual period’s interest)

Nov 1, 19  Bonds payable                  $300,000

                Loss on Bonds                  $3,000

                          Cash                                                $303,000

                 (To record retirement the bonds at 101 on November 1, 2019)

8 0
2 years ago
Hatso, a famous hat retailer chain, opens a new store in Kentucky and chooses to operate solely in the traditional physical mark
natta225 [31]

Answer: Option A

       

Explanation: Brick and mortar refers to the business strategies in which the firm decides to operate their business in a traditional manner. Under this, the firms tries to maintain the personal connection with their customers by doing face to face transactions.

In the given case, Hatso has decided to operate their stores physically in this era of online business websites.

Hence from the above we can conclude that Hatso is following brick and mortar.

3 0
2 years ago
Other questions:
  • When sending workplace e-mails, it is important to
    10·1 answer
  • Create a list of five action verbs you might use on a job application to describe skills and/or work history.
    7·1 answer
  • Why is inflation both good and bad how does the government try to control it?
    6·1 answer
  • Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retain
    12·1 answer
  • Which of the following refers to the acquisition of goods in one country and the selling of them to buyers in another country?
    15·1 answer
  • A sole proprietorship that began business's May 1, 2018, incurred $9000 of startup expenses. If the business elects to report th
    8·1 answer
  • Grace got a loan of $500 from her bank, and she had to repay it with $550. Which term describes the extra money Grace had to pay
    7·1 answer
  • Um...look what i found
    6·1 answer
  • Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit
    14·1 answer
  • A very safe stock investment that generally attracts conservative investors is called a ________ stock. the dow 30 is made up of
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!