Answer:
$700 (not given in the options)
Explanation:
When the policy is purchased with a payment made in advance, the entries recorded are
Debit prepaid insurance $8,400
Credit Cash account $8,400
After the first month, the expense incurred is
= 1/12 × $8,400
= $700
Entries then required
Debit Insurance expense $700
Credit Prepaid Insurance $700
Answer: ✓ an intermediate goal that affects a long-term goal
Answer:
The business will need to borrow $34,000
Explanation:
We will need to analyse the cash flows the business has in order to determine how much needs to be borrowed to meet the ending cash balance desired.
The opening cash balance is $23,000, cash inflow as receipts is $136,000
So total cash on hand will be 23,000+ 136,000= $159,000
The cash on hand less disbursements will give ending balance
Ending balance = 159,000 - 135,000
Ending balance= $24,000
Desired closing balance is $58,000
Balance to meet desired cash= 58,000 - 24,000
Balance to meet desired cash= $34,000
Answer:
Diluted earnings per share is $1.7 per share
Explanation:
The number of diluted shares from the options is calculated thus
Total number of shares from options 34,500
Actual number of shares that can be purchased
(options shares*option price/share market price)
(34,500*$11/$15) (25,300)
Diluted shares 9,200
Diluted earnings per share=net income/(outstanding common stock + diluted common stock)
net income is $331,840
outstanding common stock is 186,000
diluted common stock is 9200
diluted earnings per share=$331,840/(186,000+9200)
=$1.7 per share
Answer:
- <u><em>D. It has both good and bad effects, but we can't always predict what those are.</em></u>
<u><em></em></u>
Explanation:
Of course, ethics mandates that the target of science and <em>new technology </em>should always pursue the good for humans; nevertheless, since time immemorial man has developed technology to make war. Thus, definetely, the first statement <em>"A It always does good for human"</em> is false.
Some other negative effects of <em>new technology</em>, like cars and nuclear power, have been harmful to the environment, but you cannot tell that this has always been so. Technology has also been developed to help the environment. For instance, panels to use solar energy do not harm the environment and seek to reduce fuel burning to help the environment. Thus, option <em>B, "It always ends up doing harm to the environment"</em> is false too.
Some of the damage that new technology can produce are not predicted both because the technology is new and because it may be used with different goals to those it was developed. This explains why option <em>C, It has many bad effects</em>, is false, and option <em>D, "It has both good and bad effects, but we can't always predict what those are", </em>is true.
