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sashaice [31]
3 years ago
13

On January 1, DogMart Company purchased a two-year liability insurance policy for $32400 cash. The purchase was recorded to Prep

aid Insurance. How much would be the January 31 amount recorded to expense (use two decimals)?
Business
1 answer:
aleksley [76]3 years ago
4 0

Answer: $1,350

Explanation:

The insurance is for 2 years but has to be apportioned monthly on account of the Accrual basis in Accounting where expenses will only be recognized when they are incurred.

The expense to be recorded for the first month will therefore be:

= 32,400 / 24 months

= $1,350

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Under which of the following circumstances may investment bankers review an equity research report prior to publication
Troyanec [42]

(B) To verify the factual accuracy investment bankers review an equity research report prior to publication.

<h3>What are investment bankers?</h3>
  • A financial institution's investment banker is largely responsible for obtaining cash for firms, governments, or other entities.
  • The investment banking industry is attractive because it pays handsomely.
  • Investment bankers must have great verbal and writing communication skills, as well as the ability to work long and demanding hours.
  • Prior to publication, investment bankers analyze an equities research report to ensure its accuracy.
  • Large, complex financial transactions are facilitated by investment bankers.
  • These transactions may include arranging for a client's acquisition, merger, or sale.
  • Another duty of investment bankers is to issue securities in order to raise capital.

As the description itself says, prior to publication, investment bankers analyze an equities research report to ensure its accuracy.

Therefore, (B) to verify the factual accuracy investment bankers review an equity research report prior to publication.

Know more about investment bankers here:

brainly.com/question/25787830

#SPJ4

Complete question:

Under what circumstances may investment banking personnel review an equity research report prior to publication?

A) To prevent a recommendation that may alienate a client company

B) To verify its factual accuracy

C) Under no circumstances

D) To ensure a favorable recommendation

6 0
2 years ago
The Federal Reserve S role as a lender of last resort involves lending to which of the following financially troubled institutio
ANTONII [103]

Answer: U.S. banks that cannot borrow elsewhere

Explanation:

Lender of last resort is.a situation that occurs when the central bank in a country gives loans to the commercial banks in the country when they are going through financial difficulties.

In this scenario, The Federal Reserve S role as a lender of last resort involves lending to U.S. banks that cannot borrow elsewhere.

5 0
3 years ago
​Serenity, Inc.'s Receivable increased by $ 43 comma 000 and its Accounts Payable increased by $ 23 comma 000. What is the net e
Shalnov [3]

Answer:

A net cash outflow or cash used up of $20,000

Explanation:

The statement of cash flows show the movement in cash balances between the start and end of an accounting period. This movement is as a result of 3 groups of activities namely; operating, investing and financing activities.

Cash activities related to elements of working capital are recognized in the operating section. An increase in a current asset other than cash is treated as an out flow of cash while an increase in a current liability is treated as an inflow of cash and vice versa.

Hence the net effect on cash from operations under the indirect​ method

= -$43,000 + $23,000

= -$20,000

4 0
3 years ago
Suppose you have $100 in a saving account earning 2 percent interest a year.after five year how much would you have
arlik [135]

Answer: Roughly $110.40

Explanation:

100 x (1.02)^5

The 1.02 is just 100 percent of the number plus the 2 percent interest you make.

6 0
2 years ago
Read 2 more answers
Please help me this question answer
kap26 [50]

Answer:

freedom of choice

no dispute or conflict

no need to share profit

own boss

Explanation:

5 0
2 years ago
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