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
Employees expect their managers to practive management by, ___.
tatiyna

The answer is B. examples

3 0
4 years ago
When returning your unit to service following a call, the responsibility of ensuring that the unit is restocked and ready for an
mojhsa [17]

When returning your unit to service following a call, the responsibility of ensuring that the unit is restocked and ready for another call rests with "everyone on the EMS team".

<h3>What is Emergency medical services EMS?</h3>

EMS is an important part of healthcare, public health, and public safety. On every given day, EMS answers to calls for assistance in practically every municipality in our country, 24 hours a day, seven days a week.

Some key features regarding the EMS are-

  • EMS helps us in many ways from heart attacks, strokes, and drowning; cures injuries from automobile accidents, shootings, stabbings, and other forms of violence; and cares for the plethora of many other diseases and accidents that occur on a daily basis in the United States.
  • When major disasters occur, whether they are environmental (tornadoes, floods, cyclones, epidemics) or man-made (terrorist attacks, explosives, active shooters), EMS responds by providing medical care and assisting communities in picking up the pieces.
  • The public relies on EMS to assist them in their most distressing moments.

To know more about the Emergency medical services, here

brainly.com/question/15900

#SPJ4

7 0
2 years ago
Which of the following statements about boundary managers is true? a. Boundary managers persuade top management to support the t
Gelneren [198K]

Answer:

A

Explanation:

The way in which boundaries are managed can affect organisational function. For effective functioning, it is important to set up boundaries to create levels of distinctions and integration.

It is The boundary manager determines how a team can work with others that are interested in how the team performs and they persuade too management to support the teams work.

6 0
3 years ago
The most useful allocation basis for the departmental costs of an advertising campaign for a storewide sale is likely to be: Mul
azamat

Answer:

Proportion of sales of each department.

Explanation:

Advertising expense directly effects the sales of the business. As the campaign is made store-wide sales and it does not directly traceable to any specific department. It need proper basis for allocation of expenses. The proportion of sales of each department is the most suitable basis from all of the given options because the share of benefit from the campaign is received in the form of sale. A campaign might mostly effects the sales.

3 0
3 years ago
What is ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
Delicious77 [7]

Ivan's marginal benefit if he decides to stay open for six hours instead of five hours is $20. The marginal benefit can be solved by subtracting the total revenue of the equivalent hours.

$550 (6 hours) - $530 (5 hours) = $20  

4 0
3 years ago
Other questions:
  • How does the Open Market Trading Desk conduct its​ operations? A. by sending its buy and sell orders to the U.S. Treasury for ex
    13·1 answer
  • Fordon Corporation purchased a piece of equipment for $50,000. It estimated a 8-year life and $2,000 salvage value. At the end o
    8·1 answer
  • Fran uses a database software system to remind him when his customers should be ready to reorder his industrial cleaning product
    13·1 answer
  • Because of the unlimited liability of all partners, a general partnership most
    9·2 answers
  • In which case did the U.S. Supreme Court hold that the warrantless search authority normally reserved for probation and parole o
    10·1 answer
  • Which of the following are the assumptions of locational cost-profit-volume analysis : (I) nonlinear variable costs. (II) fixed
    5·1 answer
  • Where was the 2003 mercury sable wagon manufactured?
    12·1 answer
  • What was the main goal of the Farmers’ Alliance?
    10·1 answer
  • Which of the following statements is false?
    11·1 answer
  • The following information is available for Splish Brothers Corp. for the year ended December 31, 2022.Other revenues and gains 2
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!