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madreJ [45]
3 years ago
5

What is the proper adjusting entry at December 31. the end of the accounting period, if the balance in the prepaid insurance acc

ount is dollar 7, 750 before adjustment, and the unexpired amount per analysis of policies is. dollar 3, 250?
A. Debit Insurance Expense, dollar 3, 250; credit Prepaid Insurance. dollar 3, 250.
B. Debit Prepaid Insurance; dollar 4, 500; credit Insurance Expense, dollar 4, 500.
C. Debit Insurance Expense, dollar 4, 500; credit Prepaid Insurance, dollar 4, 500.
D. Debit Insurance Expense, dollar 7, 750; credit Prepaid Insurance, dollar 7, 750.
E. Debit Cash, dollar 7, 750; Credit Prepaid Insurance, dollar 7, 750.
Business
1 answer:
Artemon [7]3 years ago
7 0

Answer:

C. Debit Insurance Expense, dollar 4, 500; Credit Prepaid Insurance, dollar 4, 500

Explanation:

Date       Account Title                  Debit              Credit

Dec 31   Insurance expense         $4,500

              Prepaid insurance                               $4,500

              ($7,750-3,250)

Option C is correct.

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Which of the following is true of a transnational​ strategy? A. Uses licensing extensively outside of the​ "home" country B. Use
solong [7]

Answer:

The correct answer is letter "D": Exploits the economies of scale and learning.

Explanation:

Transnational strategies imply companies taking their products to different regions in the world and adapting them to each market. It is the opposite of the global strategy of entering a market by which a corporation offers the same product over all the territories where it handles operations.

<em>One of the main objectives of the transnational strategy is to lower production costs by using economies of scale, meaning production becomes more efficient providing manufacturers cost advantages. Besides, the company looks for learning diverse domestic strategies that can also be implemented in other regions keeping in mind each of them would have its own features.</em>

3 0
3 years ago
If the lease factor is given as 0.00065, what interest rate is that equivalent to?
mariarad [96]
As a handy tip, we were told that in order to convert the lease factor of a certain amount or transaction to interest rate, we just have to multiply the value by 2, 400. 
                     interest rate = (0.00065)(2400) = 1.56%
Thus, the answer for this item is 1.56%. 
5 0
4 years ago
Consider the four-step process that many companies follow to estimate the market demand curve for their product. Place the steps
mote1985 [20]

Answer:

The four-step process that many companies follow to estimate the market demand curve for their products are:

a. survey customers

d. add up the total quantity demanded by the customers at each price

c. scale up the quantities demanded by the survey respondents

b. plot the demand curve

Explanation:

The above steps enable the companies to estimate the market demand for their products.  They also segment the demand to ascertain the segments that will perform better than others.  The behavior of consumers is modeled during the estimation to verify how the price of the product, consumer income, or any other variables will impact the market demand.

6 0
3 years ago
You will complete a 40 hour practicum, job shadowing. The practicum is designed to help you understand what happens in a billing
erik [133]

Answer:

True

Explanation:

This is true because, when someone is engaged in a practicum, it simply means that, the person is undergoing a practical experience in a given job in-order to acquire a required skilled set in the organisation. <em>This would enable the person to be able to function independently and without any supervision regularly.</em>

3 0
3 years ago
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
Alecsey [184]

Answer:

€928.46

Explanation:

Since it was hinted that bonds issued outside of  the United States pay coupons annually, it is expected that the bonds issued in Germany pay annual coupons, and its price is computed below using the bond price formula, excel PV function, and financial calculator:

Bond price=face value/(1+r)^n+annual coupon*(1-(1+r)^-n/r

face value=€1,000

r=yield to maturity=8.7%

n=number of annual coupons in 10 years=10

annual coupon=face value*coupon rate=€1,000*7.6%=€76

bond price=1000/(1+8.7%)^10+76*(1-(1+8.7%)^-10/8.7%

bond price=1000/(1.087)^10+76*(1-(1.087)^-10/0.087

bond price=1000/2.30300797+76*(1-0.43421474)/0.087

bond price=1000/2.30300797+76*0.56578526/0.087

bond price= 434.21+494.25= €928.46

Excel PV function:

=-pv(rate,nper,pmt,fv)

=-pv(8.7%,10,76,1000)

pv=€928.46

Financial calculator:

N=10

PMT=76

I/Y=8.7

FV=1000

CPT PV=€928.46

4 0
3 years ago
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