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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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Answer: Therefore, we should make her an offer at that salary

Explanation:

Based on the information given in the question,

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3 years ago
Gathering feedback to ensure that the plan is being followed is referred to as
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controlling i think

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3 years ago
One year ago, you purchased 500 shares of stock for $22 a share. The stock pays $0.32 a share in dividends each year. Today, you
Vadim26 [7]

Answer:

Return on investment=12.81%

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<em>Return on investment for a stock comprises of the capitals and dividend earned on the stock.</em>

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Capital gain = (24.50 -22)× 500= 1250

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3 0
3 years ago
The sec generally defers to the fasb concerning controversial disclosure and reporting issues.
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This assertion is true. In addition, the SEC has the remaining accountability to make certain that the FASB deals with troubles referred to it by the SEC.

The cooperative effort between the public and personal sectors has given the United States the first-rate economic reporting gadget in the world, and the Commission is intent on making it even better.

<h3 /><h3>Who does the SEC document to?</h3>

19 The SEC is guilty to Congress as it operates beneath the authority of federal legal guidelines inclusive of the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley Act), amongst others.

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