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Paraphin [41]
3 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]3 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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Answer:

The adjustment balance will be of 18,000

Explanation:

We should build Accounts Receivables T-account to get the adjusted balance:

Accounts Receivables

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<u>   3,000  ADJUSTMENT</u>

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**As the adjustment is in the same side as the unadjusted balance, we add it. So we end up with 15,000 + 3,000 = 18,000

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3 years ago
When a certain competitive firm produces and sells 100 units of output, marginal revenue is $80. When the same firm produces and
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Answer:

d. This cannot be determined from the given information

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To find the average revenue of 200 units it is necessary to know the total units. However, the function of the marginal revenue is not given. It is impossible to infer the marginal revenue (price) of other units (of output) only from knowing the marginal revenue of the 100th unit.

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Because it’s the next step after collecting relevant information and evaluating each alternatives

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2 years ago
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4 0
3 years ago
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Explanation:

Hope This Helps,

If The question is Correct May i have Brainliest

Thank You

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