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katen-ka-za [31]
3 years ago
11

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the

payment. The required adjusting journal entry on December 31 includes a: (Check all that apply.)
Business
1 answer:
Marianna [84]3 years ago
4 0

Answer:

Credit to Prepaid insurance for $400 and Debit to Insurance expense for $400

Explanation:

The journal entry is given below:

Insurance expense ($4800 × 1 ÷ 12) $400  

       Prepaid Insurance  $400

(To record insurance expense)

Here the insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets

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Why did many conservatives oppose affirmative action?.
Sergeeva-Olga [200]

Answer:

Explanation:

El conservadurismo social o socialconservadurismo es esa parte del pensamiento conservador que se refiere a la ideología o una creencia personal, que sugiere que el individuo es un ente eminentemente social y que, como tal, no puede ser concebido sino en relación a una comunidad, especialmente a los aspectos morales

3 0
2 years ago
Read 2 more answers
In the market for crude oil, if the change in demand due to the falling price of natural gas (a substitute for oil) is greater t
murzikaleks [220]

Answer:

True

Explanation:

The effects of both changes on price is as follows:

1. The Greater Effect - change in demand due to the falling price of natural gas (a substitute for oil)

As price of natural gas, a substitute for oil, falls, demand for oil will fall pushing oil producers to respond by cutting crude oil prices in a bid to sustain demand and prevent its fall. <em>Thus, the effect is a price fall</em>.

2. The Lesser Effect - change in supply due to disruptions in oil-well operations in the Middle East

Due to supply disruptions which will result is a reduction in supply, the price of oil will tend to increase as consumers buy more of a commodity in less supply. <em>Thus, the effect on price is a rise</em>.

There, since the greater effect is a price fall, and the lesser effect is a price rise, equilibrium price is expected to fall.

8 0
3 years ago
The Bureau of Labor calculates statistics "quit" levels by industry. The Accommodation and Food Services industry had the highes
Aleksandr-060686 [28]

Answer:

ill-treatment of Stuff

Poor Staff Compensation

Pressure that the stuff subdue to due to the growing industry and lot of work.

Some workers are required to work away from home and are not able to cope being away from families for a longer time.

Explanation:

Consider the factors that may <em>lead the workers to quit their jobs</em> in the <em>Accommodation and Food Services industry</em>.

Some of them include the following :

  1. ill-treatment of Stuff
  2. Poor Staff Compensation
  3. Pressure that the stuff subdue to due to the growing industry and lot of work.
  4. Some workers are required to work away from home and are not able to cope being away from families for a longer time
6 0
3 years ago
jim owns a small business. there was a loss of $26 on thursday and a loss of $11 on friday. on saturday there was a loss of $9,
ArbitrLikvidat [17]

Answer:

Hi:)

Explanation:

26+11+9=46

13-46=-33

Total loss was $33 over 4 days

4 0
3 years ago
Benitez Company currently outsources a relay switch that is a component in one of its products. The switches cost $26 each. The
love history [14]

Answer:

Total cost is  253,800 $ and cost per unit is 31.725 $.

Explanation:

Material (8000 X 6)                                                    48000

Labor     (8000 X 5)                                                    40000

Factory OH ( 8000 X 4)                                              32000

Salaries                                                                         42000

Set up cost                                                                   34000

Facility level cost                                                         <u> 29000</u>

Total Manufacturing Cost                                           <u>225000</u>

Opportunity Cost ( 2400 X 12)                                     28800

Total Relevant Cost                                                      $<u>253,800</u>

<u>Cost / Unit (253800/8000)</u><em>                                     $  31.725/ unit. </em>

7 0
3 years ago
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