I would say that is the IRS - Internal Revenue Service
The adjusting entry on December 31 includes <u>a debit to Insurance</u> <u>Expense; a credit to </u><u>Prepaid Insurance</u>
This is further explained below.
<h3>What is fire insurance?</h3>
Generally, A valid contract even against loss or damage caused by an unintentional fire or other incidents that are normally covered under a fire policy is what is known as fire insurance.
The term "fire insurance" refers to a kind of homeowners insurance that compensates the policyholder for financial losses and damages brought on by the fire.
In conclusion, There is often some level of fire protection included in the majority of plans; however, homeowners may be able to obtain extra coverage in the event that their property is destroyed or damaged as a result of the fire.
Read more about fire insurance
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Answer:
The break even point in units is 2,425.33.
Explanation:
The break even point is how many units you have to sell to pay the fixed costs. The selling price per unit is 124 and the cost per unit is 94. The contribution margin is 124-94 = 30. This means that per every unit you sell, you have $30 for paying the fixed costs. So, the total units for paying all the fixed costs are 72,760/30 = 2,425.33.
Answer:
False
Explanation:
Offer is the quantity of a product or service available for purchase. Demand is the amount of products or services that consumers are willing to buy.
When demand is higher than supply, product prices tend to rise as consumers are willing to pay more to get a particular item. On the other hand, when supply is higher than demand, prices tend to fall.
For this reason, we can conclude that if the demand for the airplane's aisle seats is greater than the demand for the middle seats; the price for the aisle seats will be higher than the price of the middle seats.
