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bazaltina [42]
3 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]3 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

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Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are
ludmilkaskok [199]

Answer:

The units started and completed is 59,900 tons

Explanation:

The computation of the number of tons started and completed during October is shown below:

Units Completed = Beginning Work in Process Units Completed + Units started and Completed

74,900 units = 15,000 tons + Units started and Completed

So, the units started and completed is

= 74,900 tons - 15,000 tons

= 59,900 tons

Hence, the units started and completed is 59,900 tons

4 0
3 years ago
A ________ gives a franchisee the right to produce and distribute the manufacturer's products, using supplies purchased from the
Mars2501 [29]
The answer is Product franchise. A product franchise is a diversifying assertion where producers enable retailers to disseminate items and utilize names and trademarks. An assembling establishment is a diversifying understanding where the franchisor enables a producer to create and offer items utilizing its name and trademark.
4 0
3 years ago
On December 31, 2017, Extreme Fitness has adjusted balances of $980,000 in Accounts Receivable and $91,000 in Allowance for Doub
m_a_m_a [10]

Answer:

Account receivable = $889,000

Explanation:

The company would record as net receivables, the total amount on accounts receivable less total amount on the allowance for uncollectible account.

The above means that the balance would represent the amount of credit that has gone bad hence the value represent balance on net receivable account.

Therefore,

Accounts receivable

= Adjusted balance in accounts receivable - Allowance for doubtful account

= $980,000 - $91,000

= $889,000

3 0
3 years ago
Corporate Fund started the year with a net asset value of $12.90. By year-end, its NAV equaled $12.30. The fund paid year-end di
maxonik [38]

Answer:

6.201%

Explanation:

Given that,

Net asset value = $12.90

By year-end net asset value = $12.30

Fund paid year-end distributions of income and capital gains = $1.40

change in NAV:

= By year-end net asset value - Net asset value

=  $12.30 - $12.90

= -$0.6

Rate of Return:

= (change in net asset value + Distributions) ÷ Start of Year net asset value

= ( -$0.6 + $1.40) ÷ $12.90

= 0.8 ÷  $12.90

= 0.06201 or 6.201%

4 0
3 years ago
Tactics that are used to make decisions quickly while maintaining the effectiveness of such decisions include:a. Take a realisti
saul85 [17]

Answer:

<em>All of the above.</em>

Explanation:

<em>(a) </em><em><u>Take a realistic view of the conflict</u></em>

If one takes a realistic and practical view of the entire conflict situation between two employees let's say, then one can understand the points of the case presented by two employees quickly. This will help in arriving at an effective and quick decision making by the manager.

Hence, <em>option (a) is correct tactic used</em>.

<em>(b) </em><u><em>Involving people who are experts and can be trusted</em></u>

If the people employed in different sections of organization are experts of their respective sections, they can be trusted upon for the respective decisions making. For instance, let's say managers employed with specific skills in Marketing and Finance sections, will make good decisions regarding the problems in these respective domains.

Thus, <em>option (b) is correct</em>.

<em>(c) </em><u><em>Focus on the real-time information </em></u>

If the business is continously updated about changes like change in competitor's pricing, change in demand of its specific products in its entire products list produced and change in government policy towards the sector it operates in etc, it is said to be following real time information. If the firm follows and reacts to real time information in the timely manner, then only it can survive in the longer time period in its industry.

Hence, <em>option (c) is also correct</em>.

Hence, <em>all of the above tactics are used to make decisions quickly while maintaining the effectiveness of such decisions.   </em>

<em><u /></em>

6 0
3 years ago
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