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
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

You might be interested in
A firm has a Cobb-Douglas production function for its inputs of capital and labor. The firm is currently paying $4 per labor hou
baherus [9]

Answer:

nothing nothing nothing nothing

Explanation:

nothing

5 0
4 years ago
Market equilibrium is: Select one: a. the point at which a nation reaches full employment b. the time period used to determine t
fenix001 [56]

Answer:So far we have learned to measure real GDP, but how do we end up with that real GDP? Of all of the different amounts of national income and price levels that might exist, how do we gravitate toward the one that gets measured each year as real GDP?

In short, it is the interaction of the buyers and producers of all output that determines both the national income (real GDP) and the price level. In other words, the intersection of aggregate demand (AD) and short-run aggregate supply (SRAS) determines the short-run equilibrium output and price level.

Once we have a short-run equilibrium output, we can then compare it to the full employment output to figure out where in the business cycle we are. If current real GDP is less than full employment output, an economy is in a recession. If current real GDP is higher than full employment output, an economy is experiencing a boom. If the current output is equal to the full employment output, then we say that the economy is in long-run equilibrium. Output isn’t too low, or too high. It’s just right.

Explanation: hope this helps

6 0
3 years ago
What is the objective of the last step in the ethical decision-making framework? Multiple Choice to brainstorm any alternative c
I am Lyosha [343]

Answer:

B. To weigh the various alternatives and choose a course of action

Explanation:

The major steps involved in a proper decision-making process include; Identifying the problem, understanding the problem by obtaining the necessary information, developing alternatives, choosing the best alternative that would address the ethical issue at hand, and implementing the best alternative.

The aim of the entire process of decision-making would be faulted if at the end, a course of action is not taken. The decision made at the end of the day, should address the initial concern raised. This decision would also need to be reviewed to ensure that it is the right step.

Determining ways to maximize profit for the company may not be the issue at hand, as several factors could inform the decision making process.

5 0
3 years ago
You decide to purchase an equal number of shares of stocks of firms to create a portfolio. If you wished to construct an index t
Bond [772]

Answer:

Price weighted index

Explanation:

A price weighted index is an index used in stocks where each company that is part of the index makes up a fraction of the total, and is proportional to its price per share.

Higher weight is given to sticks that have higher prices.

Rice weighted index is a good way to track track portfolio performance that best match for your portfolio.

3 0
3 years ago
Reasons why in business,staff are restricted to communicate with press?​
Evgen [1.6K]

Answer:

Limited communication media can force employees to deliver messages using ineffective methods. Inappropriate upward communication tools can create confusion

Explanation:

4 0
3 years ago
Other questions:
  • Compute the present value of​ $46,000, invested for six years at​ 8%. Present value of​ $1: ​5% ​6% ​7% ​8% ​9% 3 0.864 0.840 0.
    10·1 answer
  • A florist who has been in business for several years finds himself facing several problems simultaneously. First, he has a large
    11·1 answer
  • The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account fo
    8·1 answer
  • Wiskurv Inc. is a large electronics supplier that does not rely exclusively on traditional financial measures for organizational
    13·1 answer
  • Elroy Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month lat
    6·1 answer
  • Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the effective rate is 12%. Interest is to be paid sem
    10·2 answers
  • Why is the profit motive considered an incentive in a market system?
    12·1 answer
  • or decades United States has been a major manufacturer of the World consumer goods. Nowadays, many items we buy from the United
    13·1 answer
  • Due to path dependence:_____
    10·1 answer
  • Which of the following statements is a bottom-line statement​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!