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
bazaltina [42]
2 years ago
6

On July 1, a company paid the $3,360 premium on a one-year insurance policy with benefits beginning on that date. What will be t

he insurance expense on the annual income statement for the first year ended December 31
Business
1 answer:
kiruha [24]2 years ago
8 0

Answer:

$1,680

Explanation:

Based On the information given if on July 1 the company paid the amount of $3360 as a premium on a year insurance policy which as well include benefits beginning on that date, What will be the insurance expenses on the annual income statement for the first year ended December is $1,680 Calculated as:

Insurance expenses=6/12*$3360

Insurance expenses=$1,680

Therefore What will be the insurance expenses on the annual income statement for the first year ended December is $1,680

You might be interested in
Self doubt is a result of ______. a. Having great success b. Lacking self-esteem c. Successful conflict resolution d. An asserti
Andreas93 [3]
<span>Self doubt is a result of lacking self-esteem.

</span>
6 0
3 years ago
Read 2 more answers
Again, consider Sharon, a single mother with two children under 18 who earns an annual income of $16,000. Suppose that Sharon qu
Mrac [35]

Sharon and two kids makes 3 people total with both kids being under 18, the poverty level from the table is $20,231

She gets $1000 a month for her kids. 1000 x 12 months = $12,000 per year

12,000 + her annual salary = 12,000 + 16,000 = $28,000 per year.

28,000 is greater than 20,231 so she is not living in poverty.

The answer is no

7 0
3 years ago
Which of the following processes is responsible for releasing the energy captured during photosynthesis? Select one: a. Eliminat
almond37 [142]

<u>Answer:</u> The correct answer is Option b.

<u>Explanation:</u>

Photosynthesis reaction is defined as the process in which plants make their own food with the help of carbon dioxide and water in the presence of sunlight. The energy is captured in the form of ATP during this process.

For the given options:

  • <u>Option a:</u> Elimination

Elimination reactions are defined as the reactions in which a kind of atoms or groups of atoms leave the molecule. This process is not seen in photosynthesis reaction.

  • <u>Option b:</u> Cellular respiration

Chemical energy stored in food is the source of the energy that is required to regenerate ATP. The process in which energy is released from food by a series of enzyme-controlled reactions is called cellular respiration.

  • <u>Option c:</u> Absorption

Absorption is defined as the process which involves a reaction between the substance being absorbed and the absorbing medium.

  • <u>Option d:</u> Digestion

Digestion is defined as the process by which complex food molecules are broken down into simple molecules that can be absorbed by the body for nutrition.

  • <u>Option e:</u> Transpiration

Transpiration is defined as the process where plants absorb water through their roots and then give off water vapor through the pores from their leaves.

From the above information, the correct answer is Option b.

5 0
3 years ago
During the first two years, Supplies, Inc. drove the company truck 15,000 and 22,000 miles, respectively, to deliver merchandise
Mnenie [13.5K]

Answer:

option (A) $11,000

Explanation:

Given;

Miles drove in first year = 15,000

Miles drove in second year = 22,000

Cost of the truck = $175,000

Residual value = $25,000

Estimated life = 10 years or 300,000 miles

Now,

using the activity based method

Rate of depreciation per mile driven = \frac{\textup{Cost of truck - Residual value}}{\textup{Estimated life}}

or

Rate of depreciation per mile driven = \frac{\textup{175,000 - 25,000}}{\textup{300,000}}

or

= $0.5 per mile

also,

Number of miles driven in second year = 22,000 miles

Hence,

Depreciation for the second year

= Depreciation rate × Number of miles driven in second year

= 0.5 × 22,000

= $11,000

Hence,

The correct answer is option (A) $11,000

6 0
3 years ago
Nora works as a media sales person for a sports gear manufacturing company. There is an upcoming sports event coming up and she
kotegsom [21]

Answer:

Identifying the target audience

Explanation:

The targeted audience are very important in any business,any business will try as much as possible to reach the largest number of people to purchase their products.

To what extent will people who are more aware of a brand be more likely to purchase it? Exposure and awareness can be measured whereas the sales and profit impact of advertising is very difficult to measure. Attitude change measurement is difficult but feasible.

From this Nora will be exposed to a bigger market when decided to go with advertising at the sporting event.

5 0
3 years ago
Other questions:
  • What does it mean to adopt a maturity matching approach to financing assets, including current assets? How would a more aggressi
    8·1 answer
  • Depreciation expense on factory equipment is part of factory overhead cost.<br> A. True<br> B. False
    10·1 answer
  • Consider each person's situation to determine who would be counted among the "unemployed."Laura works 20 hours in a paid positio
    5·1 answer
  • Canton Corp. produces a part using an expensive proprietary machine that can only be leased. The leasing company offers two cont
    8·1 answer
  • When the marginal benefit of an output exceeds the marginal cost?
    7·1 answer
  • a company has designed a new type of smartphone, give an example of a business that might be affected by this. Explain how it wi
    15·1 answer
  • During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf
    10·1 answer
  • Which market represents a major source of debt financing for the​ world's governments, international​ organizations, and larger​
    11·1 answer
  • The purpose of the Six Sigma method is to: Select one: a. Find and remove causes of mistakes b. Reduce variability in products a
    14·1 answer
  • What are the main advantages of the d-step tuning of 2023 murano’s xtronic cvt?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!