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Kamila [148]
3 years ago
14

On December 31, 2016, Avery Corporation paid $18,000 for next year's insurance policy.

Business
1 answer:
Aleonysh [2.5K]3 years ago
8 0

Answer:

C. Prepaid insurance 18,000  debit

                       Cash             18,000 credit

Explanation:

The company will do a mistake if it reocrd this as a mistake as it will be posting an expense for an evnt that take place during the next accounting cycle (2017) As the insurance will be outstanding during that period not the one ending.

Also it is not an expense as the insurance company now has the obligation to perform if something happens So we have an asset right now, through time and as long as the insurance is not executed we will declare the expenses.

But for now, it is an asset.

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At BCD car wash, when a customer arrives, he or she first checks in with a receptionist and then leaves the car to one of severa
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Answer:

10 minutes

Explanation:

Data provided in the question

Reception taking time = 3 minutes

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Paying the cash register taking time = 4 minutes

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So, the theoretical flow time in minutes is

= Reception taking time + maximum time of car wash and paying the cash register + returning to car and leaving taking time

= 3 minutes + 5 minutes + 2 minutes

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5 0
3 years ago
A local restaurant has prepared a new recipe for it's lunch menu which form of nonprice competition is this?
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Non price competition is competing against others when price isn't the driving force of differentiation. If a local restaurant repairs a new recipe for it's lunch menu it is using the physical characteristic form of non price competition. The restaurant is hoping to differentiate based on the quality and taste of their new lunch item compared with another restaurants. 
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3 years ago
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Nancy has a portfolio of two stocks. Stock A has an expected return of 8% and stock B has an expected return of 10%. Her funds a
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Answer:

b. 8.92%

Explanation:

Calculation for the portfolio expected return

Using this formula

Portfolio expected return = (Stock A allocated fund x Stock A expected return) + (Stock B allocated fund x Stock B expected return)

Let plug in the formula

Portfolio expected return= (54%*8%) + (46%*10%)

Portfolio expected return=0.0432+0.046

Portfolio expected return=0.0892*100

Portfolio expected return =8.92%

Therefore the portfolio expected return will be 8.92%

7 0
3 years ago
Rimble Graphic Design receives $2,750 from a client billed in a previous month for services provided. Which of the following gen
Lana71 [14]

Answer:

C) Debit Cash $2,750

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Explanation:

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3 years ago
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Interest rate? Repayment amounts? Length of time of loan? Smile on the face of the money lender? Might there be a little more to this quesition?
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