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Sedbober [7]
4 years ago
13

At December 31, 2018, before any year-end adjustments, Concord Company's Insurance Expense account had a balance of $2570 and it

s Prepaid Insurance account had a balance of $3900. It was determined that $2700 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be
Business
1 answer:
Maksim231197 [3]4 years ago
7 0

Answer:

The adjusted balance for Insurance Expense for the year will be $5,270

Explanation:

Prepaid Insurance is the value of Insurance paid before it becomes accrued and it is an current asset balance. It will be accrued as each month passes the monthly amount will be charged as expense and transferred to the Insurance expense account.

Unadjusted values:

Insurance Expense = $2,570

Prepaid Insurance = $3,900

Adjustment value of the insurance = $2700

Adjusted values:

Insurance Expense = $2,570 + $2,700 = $5,270

Prepaid Insurance = $3,900 - $2,700 = $1,200

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An analyst needs to adjust the nominal GDP for the years 2000 and 2010 into real terms to conclude his comparison analysis. The
valentina_108 [34]

Answer:

The answer is: the real gain in real GDP between 2010 and 2000 is 18.34%

Explanation:

First we have to determine the real GDP using the GDP deflator.

GDP deflator = (nominal GDP / real GDP) x 100

For year 2000:

24 = ($672 billion / real GDP ) x 100

2,400 = $672 billion / real GDP

real GDP = $0.28 billion

For year 2010:

51 = ($1,690 billion / real GDP ) x 100

5,100 = $1,690 billion / real GDP

real GDP = $0.331 billion

To calculate the real gain between real GDP from year 2000 to year 2010, we divide real GDP 2010 over real GDP 2000 and subtract 1:

($0.331 billion / $0.28 billion) -1 = 0.1834 x 100% = 18.34%

5 0
4 years ago
Robot Corporation is liquidated, with Marty receiving property having an adjusted basis of $60,000 and an FMV of $90,000. The pr
mr_godi [17]

Answer:

-$40,000

Explanation:

Data provided as the question

FMV = $90,000

Assumed Liability = $80,000

Stock basis = $50,000

The computation of recognize is shown below:-

= FMV of property - Assumed Liability - Stock basis

= $90,000 - $80,000 - $50,000

Recognize Loss = -$40,000

Therefore for computing the recognize loss we simply deduct the assumed liability and stock basis from FMV of property.

6 0
3 years ago
Identify all of the correct statements:
lianna [129]

Answer:

D.

Explanation:

In every company owners and managers have to be aligned, they need to see the same objective. To align the interests of them, it's needed to settle reward management behaviour, because this affects directly managers motivations, based on Maslow's motivation theory where he said that <em>people has needs, if they fulfil those needs they're gonna be motivated.</em>

7 0
4 years ago
Providers are authorized to report phi to public agencies and enforcement authorities.
Aloiza [94]

Carriers are authorized to document phi to public organizations and enforcement authorities. A. True

Enforcement authority way any individual or body having jurisdiction to enforce or to take action under or in respect of the applicable legal requirement.

Law enforcement describes the agencies and employees liable for imposing laws, retaining public order, and handling public safety. The number one obligations of law enforcement include the research, apprehension, and detention of people suspected of criminal offenses.

“Public business enterprise” method the government of the USA; the government of a country or political subdivision thereof; any enterprise of the USA (inclusive of us Postal provider and Postal Regulatory Commission), a state, or a political subdivision of a kingdom; or any interstate governmental organization.

Learn more about public agencies and enforcement authorities here: brainly.com/question/27722655

#SPJ4

3 0
2 years ago
Describe the meaning of venture opportunity screening.
ASHA 777 [7]
Venture opportunity screening is a business term which means the evaluation or the assessment of an entity in the business perspective in terms of its potential to generat<span>e income and grow commercially. The index of assessment also includes current and future financial performance when placed in the current context. </span>
6 0
3 years ago
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