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mezya [45]
3 years ago
8

At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It w

as determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be:
A) $1,200.
B) $2,700.
C) $1,900.
D) $1,500.
Business
1 answer:
Reika [66]3 years ago
8 0

Answer:

A) $1,200.

Explanation:

given data

Prepaid Insurance account balance = $2,700

Prepaid Insurance had expired = $1,500

solution

we know here

Insurance Expense (Dr.) = $1,500

Prepaid Insurance (Cr.)  = $1,500

as adjusted balance for Prepaid Insurance =  $1,200

and expired Insurance that is charge to be as Profit or Loss Statement is $1,500

because here

implies the adjust balance for Prepaid Insurance is as

adjust balance for Prepaid Insurance =  2,700 - 1,500

adjust balance for Prepaid Insurance = $1,200

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At an inflation rate of 7 percent, the purchasing power of $3 would be cut in half in 10.25 years. how long to the nearest year
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The applicable formula is;
A = P(1-r)^n

Where;
A = Final purchasing power
P = Current purchasing power
r = inflation
n = Number of years when P changes to A

Confirming the first claim:
A = 1/2P (to be confirmed)
P = $3
r = 7% = 0.07
n = 10.25 years

Using the formula;
A = 3(1-0.07)^10.25 = 3(0.475) ≈ 3(0.5) = $1.5
And therefore, A = 1/2P after 10.25 years.

Now, give;
P = $9
A = 1/4P = $9/4 = $2.25
r = 6.5% = 0.065
n = ? (nearest year).

Substituting;
2.25 = 9(1-0.065)^n
2.25/9 = (1-0.065)^n
0.25 = (1-0.065)^n
ln (0.25)= n ln(1-0.065)
-1.3863 = -0.0672n
n = (-1.3863)/(-0.0672) = 20.63 years

To nearest year;
n = 21 years

Therefore, it would take approximately 21 years fro purchasing power to reduce by 4. That is, from $9 to $2.25.
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3 years ago
What is a good Warzone loadout. Best gets Brainliest. Explain
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M4A1 is the best weapon
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Hybrid cars are touted as a "green" alternative; however,the financial aspects of hybrid ownership are not as clear. Consider th
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Answer:

a)

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the cost of driving 1 mile with the hybrid car = $3.60 / 27 = $0.1333

the cost of driving 1 mile with the regular model = $3.60 / 19 = $0.1895

you will save = $0.0562 per mile driven

you would need to drive $1,196.67 / $0.0562 = 21,293 miles per year to make the decision worth it

b)

if you only drive 15,500 miles per year, then you would need to save $0.0772 per mile

that would only result if gasoline's price was:

x/19 - x/27 = 0.0772

0.0526x - 0.037x = 0.0772

0.0156x = 0.0772

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c)

you must first determine the present value of all additional expenses related to purchasing a hybrid:

year         cash flow

0                -5,200

1                 -330

2                -330

3                -330

4                -330

5                -330

6                -330

Using a financial calculator, the PV = -$6,637.24

now we must use an annuity formula to determine the annual savings required using a 10% discount rate and 6 periods:

annual savings = $6,637.24 / 4.3553 (PV annuity factor, 10%,  6 periods) = $1,523.95

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d)

you also need to save $1,523.95, but you only drive 15,500 miles, so the savings per mile = $0.0983

x/19 - x/27 = 0.0983

0.0526x - 0.037x = 0.0983

0.0156x = 0.0983

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The research and development division of Anchor Inc., a manufacturing firm, has a sizeable number of engineers for its employees
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Answer:

The correct answer is letter "C": Orientation.

Explanation:

The primary organization-specific factors are <em>orientation, size of the organization, </em>and<em> degree of centralization</em>. Orientation <em>refers to the function of a company that controls the decisions in regards to purchases</em>. The size of the organization implies decision making will be more centralized in larger firms while more decentralized in smaller firms. Finally, the degree of centralization states that even in highly autonomous corporations, some purchases might be subject to the approval of a manager who confirms the need for the assets being acquired.

<em>Because in Anchor Inc. the purchase decisions are made by engineers the orientation organization-specific factor is more relevant in that company</em>.

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In October 2010, the amount of money held by individuals and companies was $893.4 billion; checkable deposits owned by the same
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Answer:

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Money Market funds = $1.9423 trillion

Certificates of deposit = $345.6 billion

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6 0
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