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
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

You might be interested in
The Venoid Corporation has an annual cash inflow from operations from its investment in a capital asset of​ $23,000 (excluding​
statuscvo [17]

Answer:

$80,500

Explanation:

Data provided as per the question

Capital asset = $23,000

Number of year = 5

Income tax rate = 30%

The computation of cash inflow from operations is as shown below:-

Before tax  = capital asset × number of year

= $23,000 × 5

= $115,000

Cash inflow from operations = Before tax × (1 - Income tax rate)

= $115,000 × (1 - 0.3)

= $115,000 × 0.7

= $80,500

3 0
3 years ago
At the beginning of a call to the cable company, a message tells customers, “After you finish talking to our customer service re
zheka24 [161]

the answer is voluntary because its up to you take it

5 0
3 years ago
Read 2 more answers
the amount of goods and services produced by an economy divided by the amount of resources used to make those goods and services
Elenna [48]
Gross dometic product
3 0
3 years ago
Imagine that you are a manager at Applebee’s, a restaurant chain. Turnover is always a challenge with restaurant employees, and
Daniel [21]

Answer:

D. Your interventions to the core job characteristics are likely to be effective.

C. Growth need strength

8 0
3 years ago
The Swivel Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production o
ivanzaharov [21]

Answer:

54,000 chairs

Explanation:

The computation of the number of chairs at the beginning of the month is shown below:

Inventory at the beginning of the month = Units completed and transferred  + ending inventory units - Units started

= 180,000 chairs + 21,000 chairs - 147,000 chairs

= 54,000 chairs

We simply applied the above formula to find out the inventory at the beginning of the month

7 0
3 years ago
Other questions:
  • Marginal cost is calculated for a particular increase in output by A. multiplying the total cost by the change in output. B. div
    10·2 answers
  • ______ try to influence government to produce collective goods or services that benefit the general public. Equal opportunity in
    15·1 answer
  • A firm could continue to operate for years without ever earning a profit as long as it is producing an output where
    13·1 answer
  • Bunk stores has requested a quote for a special order of bubbs. this order would not be subject to any corporate allocation (and
    5·1 answer
  • How do companies research potential new markets? Choose a global company who has a record of successful new market entry and exp
    7·1 answer
  • Beans Coffee & Cocoa Company makes and sells a chocolate flavored coffee drink under the name "CoCoCafe." Darkroast Java, In
    15·1 answer
  • On October 1, 20X3, Green Corporation paid $450,000 for all of Yellow Company's outstanding common stock. On that date, the book
    6·1 answer
  • Match each component of a mortgage with its definition.
    11·1 answer
  • In 2019, Henry Jones (Social Security number 123-45-6789) works as a freelance driver, finding customers using various platforms
    15·1 answer
  • _____ is the practice of using team selling to focus on the firm's most important customers so as to build mutually beneficial,
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!