How old will someone who graduated high school at 18 be until they get a Masters Degree in civil engineerings ?
1 answer:
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Answer:
31 Dec Expense A/c Dr. $5,400
To Prepaid Expense A/c $5,400
(Therefore, expense for the current financial year recorded)
Explanation:
We know that at the time of insurance paid in advance on 1 April for 2 years, entry was;
Prepaid Insurance A/c Dr. $14,400
To Cash A/c $14,400
Now at year end the expense relating to current period shall be recognized properly in the books, so that matching principle of revenue against expenses shall be matched.
Thus, period from 1 April to 31 December = 9 months
Expense for 9 months =
That means expense for the year = $5,400
Therefore, entry for such recording will be:
31 Dec Expense A/c Dr. $5,400
To Prepaid Expense A/c $5,400
(Therefore, expense for the current financial year recorded)
Answer:
563.4 cents
Explanation:
A margin call occurs when the margin of an investment falls bellow the maintenance margin.
In this problem, the production costs for 5,000 bushels are given by:
The price per bushel that yields a margin of $1,100 is:
You will receive a margin call at a price of 563.4 cents per bushel.