The journal entry on May 1 was:
A debit to Prepaid Insurance for 15,600
And a credit to cash for 15,600
Prepaid Insurance is the share of an insurance premium that
has been paid in early and has not finished as of the balance sheet date.
The monthly insurance payment for two years is computed by 15,600/24
months which is $650 per month.
At December 31 the adjusting entry would be:
A debit to Insurance Expense 5,200
And a credit to Prepaid Insurance for 5,200
5,200 is computed by:
650 x 8 months (starting from May 1 to December 31) = 5,200
Answer:
B. The Organization will attempt to divest the weak line
Explanation:
First premise is to understand that there are two activities to consider for such companies. First is the Core business of the organisation and the second is the particular business line. A weak fit between the two means, resources are being wasted as they are not being maximized .
The organisation therefore will usually attempt to divest (sell off their interest or investment) in the business line and then focus all resources and attention on the core business. Doing this will therefore, strengthen the core business and cut off the waste in resources.
C) Median
is your answer
Median is "the middle number in a given sequence of numbers, or the average of the two middle numbers when there is a even amount of numbers in a sequence"
For example, your median is 3 in a sequence of: 1,2,3,4,5
hope this helps
Simple... My cousin is doing a internship, he is going to college and getting his degree in engineering. While he's getting his 4 year scholarship he's also working for a engineering factory to get paid while he's in college.
Answer:
REITs
Explanation:
Based on the scenario being described it can be said that the type of investment that Jefferson has made is known as a REIT. This term stands for Real Estate Investment Trusts, and are companies that own or finance income-producing real estate across a range of property sectors, such as hospitals, hotels, apartment buildings etc. This investment trade on major stock exchanges and the companies must meet certain requirements to qualify as a REIT such as needing to distribute at least 90 percent of the income to shareholders and that requires there be at least 100 shareholders.
