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)
Answer:
1) No, the report prepared by the bookkeeper is not useful as a performance report is prepared in <em>per unit</em> <em>basis</em> not on <em>Total basis.</em>
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See performance report attached.
Answer:
d.$38,448
Explanation:
The computation of the expected change in net income is shown below:
The net purchase for one day = $11,760
For 20 days excluding discount period i.e 10 days , it would be
= $11,760 × 20 days
= $235,200
The interest would be
= $235,200 × 10%
= $23,520
Now the gross purchase is
= (Net purchase × total number of days in a year) ÷ (1 - discount rate)
= ($11,760 × 365 days) ÷ (1 - 0.02)
= $4,292,400 ÷ 0.98
= $4,380,000
The discount is
= $4,380,000 × 0.02
= $87,600
After tax rate, the change in net income would be
= ($87,600 - $23,520) × (1 - tax rate)
= $64,080 × 0.60
= $38,448
Answer:
C
Explanation:
its either c or a , the question is not worded right on canvas
The trait that Edria has that prevents her from selling sensitive information is integrity.
<h3>What is integrity?</h3>
Code integrity is a threat security dimension that contains the manipulators and system files on the device for signs of breakdown or hostile software.
The fundamental manner of the integrity threat is changing messages/signals or media after precluding them in the center of the web.
For code integrity to work on your device, another security feature called Secure Boot must be enabled.
In the above case, Edria was encountered with a condition in which she was provided sensitive details about 20 different clients, considering the social security numbers and the bank statements.
The integrity on edge helps Edria to solve the condition by having sensitive information about the clients.
Therefore, option C is correct.
Learn more about integrity, refer to:
brainly.com/question/18651211
