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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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Employers are least likely to help pay for at least a portion of which of the following employment benefits?
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1. Although a promise to give value in the future is a valid consideration to support a contract, it does not constitute _______
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Answer:

1. sufficient

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Explanation:

The holder in due course which is popularly referred to as the HDC is a person who has been given an instrument that is negotiable and not overdue in any form. The instrument has also been given in good faith which shows that the instrument is in good working condition. The HDC is eligible to purchase the instrument in a value for value exchange form.

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What were the key project management strategies that may have been used to minimize Go-live problems with the HP SAP Go-live pro
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8 0
2 years ago
Broward Corp. owns 1,500 shares of Silver Fox Corporation common stock. Broward Corp. purchased the 1,500 shares on April 17,200
Alborosie

Answer:

Disallowed loss = 1428.57

Explanation:

given data

                   Units      total cost

17 Apr, 09           1500   20000

8 Dec, 14             -750   -5000

2 Jan, 15              250    1750

2 Jan, 15                50    1000

solution

we get  here Broward  realized and recognized loss that is

The loss or gain on sale         (5000 - 20000 ÷ 2)    -5000

Allowed loss                          (750 ÷ 1050) × 5000     3571.43

Disallowed loss                                                             1428.57

6 0
3 years ago
Juhasz Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hou
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Answer:

$741 U

Explanation:

Juhasz Corporation

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= 6,720 hours

Variable overhead efficiency variance

= (AH – SH) × SR

= (6,850 hours − 6,720 hours) × $5.70 per hour

= (130 hours) × $5.70 per hour

= $741

Therefore the variable overhead efficiency variance for August is: $741 U

6 0
2 years ago
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