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
icang [17]
4 years ago
12

On August 1 of Year 1, a company paid $1,200 cash in exchange for an insurance policy that protects the company from loss due to

fire for a one year term. Based solely on this information, how will the December 31, Year 1 financial statements be affected
Business
1 answer:
alexandr402 [8]4 years ago
5 0

Answer:

The statement of cash flows will show $1,200 outflow from operating activities.

The balance sheet will show $700 of prepaid insurance.

The income statement will show $500 of insurance expense.

Explanation:

You might be interested in
"A firm has $400,000 in credit sales and $100,000 in accounts receivable. Compute accounts receivable turnover and average numbe
erastova [34]

Answer:

45 days

Explanation:

Data provided

Credit Sales = $400,000

Accounts receivable turnover ratio = Credit Sales ÷ Average Accounts Receivables

= $400,000 ÷ ($100,000 + 0) ÷ 2

= 8 times

Average number of collection days = 360 ÷ Accounts Receivable turnover ratio

= 360 ÷ 8

= 45 days

Therefore for computing the average number of collection days we simply divide accounts receivable turnover ratio  by 360.

7 0
4 years ago
A union can achieve higher wages without accepting lower levels of employment of members by promoting right-to-work laws. beginn
Misha Larkins [42]

Answer:

Promoting right to work laws.

Explanation:

This is situation where by laws are put in place to stop firm from hiring alternative supply of labour so as to increase monopolistic power on wage determinant and increase of employment opportunities through unionism.

8 0
3 years ago
19. An important feature of Emergency Operation Plans is that they ________________________________.
BigorU [14]

Answer:

provide a uniform response to all hazards that a community may face.

Explanation:

Emergency Operation plan is referred to that document which focus on response given to particular emergency. it direct guideline which focus planning for any disaster in efficient and effective way.

It include six element on which this plan work. some of them are listed below:

1- communication

2 -resources and assets

3- safety and security

4 - staff responsibilities

5 -utilities

6 -clinical support

7 0
3 years ago
Jeff was in a department store standing near a clothing rack. Store security felt that he was acting suspiciously because he was
liraira [26]

Answer:

c. No; the facts of this situation do not provide reasonable grounds for a stop and search. Any attempt to do so by store security could result in a claim of false imprisonment.

Explanation:

According to the situation described in the question above, store security has no right to stop and search for Jeff. Therefore, the letter c is the most correct answer to this question.

Jeff's actions in the store do not provide sufficient reasons for there to be any kind of stop and research, as the facts in the situation do not provide enough information about an illegal act, so if store security forces a situation there could be legal damage to the store .

Therefore, it is essential that stores adopt a theft prevention strategy, with an effective security system and a team prepared to carry out correct approaches.

4 0
3 years ago
The GUI of this OS was nicknamed AERO. Windows 98 Windows Millennium Edition Windows Vista Windows XP
Leona [35]

Answer:

Windows Vista

Explanation:

Windows Vista is an operating system created by Microsoft for personal computers including laptops, tablets, desktops. It has a graphical user interface visual which is called AERO.

AERO is the acronym for authentic, energetic, reflective and open. AERO graphical user interface was clearer and had more animations than previous created windows at that time causing it to have high video hardware requirements than the operating OS at the time.

5 0
3 years ago
Other questions:
  • You plan to save $370 per month starting today for the next 46 years "just to start the month off right." You feel that you can
    5·1 answer
  • Cooper Construction Company had a contract starting April 2018, to construct a $24,000,000 building that is expected to be compl
    13·1 answer
  • Uri, a server in a popular family restaurant, is the most popular employee with both customers and employees, and as a result, h
    5·1 answer
  • Barney hendricks is interviewing web developers for his company. over lunch, he tells you that his top candidate showed lots of
    5·2 answers
  • Left Hand, Inc. has fixed costs of $400,000. Total costs, both fixed and variable, are $550,000 when 40,000 units are produced.
    6·1 answer
  • A perfectly competitive firm produces​ 3,000 units of a good at a total cost of​ $36,000. The fixed cost of production is​ $20,0
    8·1 answer
  • The purpose of the _____ stage of the new product development process of a company is to estimate costs and forecast sales for e
    13·1 answer
  • Why is there brainly plus? shouldn't education be free??? like there motto is for students by students and the opinion "shouldn'
    5·1 answer
  • A category of assets that typically has zero in the Free Assets column in a Statement of Affairs is:
    9·1 answer
  • In what year did starbucks serve its first caffè latte?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!