Answer:
d) higher than the market rate of interest
Explanation:
Hope this helps you :)
Debit because, you can keep track of it and it comes straight out of your bank account.
dont cheat on you test just because everyone is in online school because of the coronavirus
Answer:
Option C.
Dr Insurance Expense $2,100
Cr Prepaid Insurance $2,100
Explanation:
The initial payment of $12,600 is for 6 months which means monthly charge of insurance is $2,100 ($12,600 / 6 months). The initial prepaid expense was recorded as under:
Dr Prepaid Insurance $2,100
Cr Cash Account $2,100
At the end of each month, the insurance expense is recognized and the entry is as under:
Dr Insurance Expense $2,100
Cr Prepaid Insurance $2,100
Answer:
d. $990,000
Explanation:
The multiplier method assumes that the total external failure cost is a multiple of the measured external failure costs. In this case, based on experience, the company determined that the measured value must be multiplied by a factor of 3:
Therefore, Azure Company's total external failure cost is $990,000
