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Paraphin [41]
2 years ago
6

Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability poli

cy was $52,200 for 18 months, and the crop damage policy was $26,400 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021
Business
1 answer:
masya89 [10]2 years ago
5 0

Answer:

$20,600

Explanation:

<u>Computation of prepaid insurance</u>

Insurance 1 ($52,200 * 6/18)              $17,400

Insurance 2 ($26,400 * 12/24)           <u>$13,200</u>

Total Prepaid Insurance                    <u>$20,600</u>

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Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materia
Leya [2.2K]

Answer:

cost of goods manufactured= $788,400

Explanation:

Giving the following information:

Cost of direct materials used in production $280,000

Direct labor 324,000

Factory overhead 188,900

Work in process inventory, April 1 72,300

Work in process inventory, April 30 76,800

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 72,300 + 280,000 + 324,000 + 188,900 - 76,800

cost of goods manufactured= $788,400

6 0
3 years ago
The Phillips curve was first suggested as a description of the relationship between inflation and unemployment in the late 1950s
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Answer: High inflation and high unemployment in the United States undermined the Phillips hypothesis.

Explanation:

5 0
2 years ago
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An employee's commission is always based on total dollar sales.<br> true or false
gizmo_the_mogwai [7]

Answer:

An employee's commission acts invariably on total sales and it is true.

Explanation:

An employee's commission is invariably based on entire sales. Commission only positions are not for the faint of heart, nor are they always the top-paying sales jobs available. but it depends on how much a person have achieved their target and how much they are to be paid. when they hit the target they are suited for the commission out of the sales the have made.

Differential pay  is one of the way were you get fixed rate per unit that is produced.

5 0
2 years ago
Use the following information for Problems 35 through 40 A potential investor is seeking to invest $1,000,000 in a venture, whic
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Answer:

0.3797 or 37.97%

Explanation:

According to the scenario, computation of the given data are as follow:-

Wants Rate on return on investment = 50%

Expected value of return on investment = invested amount × (1+g)^t

= $1,000,000 × (1+50%)^5

= $1,000,000 × 7.59375

= $7,593,750

Similar venture would achieve valuation of $20,000,000 for $2,000,000. We can expect that company would achieve similar valuation of $20,000,000 in 5 years from now.

Investor’s share value at 5 years = $7,593,750 ÷ $20,000,000

= 0.3797 or 37.97%

4 0
3 years ago
gross domestic product understates the total production of final goods and services because of the omission of
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90% sure that your answer is <em>(household production) </em>

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<em>Hope this helps!</em>

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2 years ago
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