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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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I really need help, What are the five foundations? Include purpose/ importance of each step
omeli [17]

Answer:

Management, Operations, Marketing, Accounting, Finance

Explanation:

-Management: planning and knowing your business resources to achieve it's goals

-Operations: The transformation of resources into goods/products, making sure the goods are high quality

-Marketing: Identifies customer's needs, develop and decide the price and quality of products

-Accounting: financial and managerial information. Accountants work to communicate finance information to managers

-Finance: Obtaining and managing a companies funds. Who gets/needs money, and how much do they get

4 0
3 years ago
Most people in the United States were not expecting the stock market to crash.
aleksley [76]

True.  They took a gamble at the stocks and many borrowed money that could not returned as a result, the market crashed and that led to the Great Depression where many Americans began to struggle as jobs were cut and business were closed.

7 0
2 years ago
Deadweight loss occurs when
dusya [7]

Answer:

d) the maximum level of total welfare is not achieved.

Explanation:

When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.

3 0
3 years ago
The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:_____
mars1129 [50]

Answer:

The profit margin controllable by the Central Valley segment manager is:  $ 95,000.

Explanation:

Only items directly controllable by the Manager should be included in the divisional financial performance measure.

<u>Central Valley Division</u>

Revenues                                         $ 405,000

Less Variable Costs :

Variable operating expenses        ($ 230,000)

Controllable Contribution                $ 175,000

Less Controllable fixed expenses   ($80,000)

Controllable Profit                             $ 95,000

3 0
3 years ago
Edwards Company manufactures low-cost wooden chairs and uses activity-based costing. The following information is for the month
Airida [17]

Answer:

$37.80

Explanation:

Particulars                                           Amount       Calculations

Direct materials                                    $7.00

Handling                                               $2.80          ($3,500/5,000*4 parts)

Assembling                                           $9.60          ($12,000/5,000*4 parts)

Packaging                                             <u>$18.40 </u>        ($5,750/1,250*4 parts)

Total manufacturing cost per chair   <u>$37.80</u>

3 0
3 years ago
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