1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nat2105 [25]
2 years ago
5

Item 2 On July 1 of the current calendar year, Plum Co. paid $8,000 cash for management services to be performed over a two-year

period beginning July 1. Plum follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Plum would include:
Business
1 answer:
arlik [135]2 years ago
7 0

Answer:

- July 1st -  December 31st (6 months)

- Here, $8,000 is paid for 2 years (24 months)

So, expenses for 6 month = $8,000 * 6/24 = $2,000

Date  Journal Entry                   Debit    Credit

          Expense                         $2,000

                 Prepaid expense                   $2,000

          (To record the expense)

You might be interested in
Among the budget cuts that the city council is considering is a 5 percent reduction in funds for secondary education. As the pri
Elina [12.6K]

Answer:

1 - What solution would you offer if you were Stella and there were budget cuts in your school?

Instead of cutting the class for bright students, all three classes should continue, but with fewer funds. In other words, the funds should be reduced accross the classes.

2 - Is Stella right that bright kids will do well no matter what? Explain your answer.

She is partly right. Bright kids are likely to do well in most situations, however, this does not mean that all bright kids will do well in most situations, or that they will do better in an average classroom, than in a classroom that is catered to them.

3 - At what age is intelligence set? Is there anything you can do to improve your intelligence score on an IQ test?

According to most recent research, the brain seems to mature when a person is in the mid-20s, however, this does not mean that intelligence is "set" at that moment. Intelligence can be improved during most of adult life.

To do better on an IQ test, a person should have healthy habits, and should also incurr in metal stimulation: puzzle, mental games, studying a language, and so on.

4 - Should gifted students and below average students be integrated into the same class? Explain.

Ideally no. If the students are very gifted, they will simply get bored. However, in case it happens, it can also have a positive effect and that is the bright students will probably end up helping the average students.

5 0
3 years ago
Is it true or false that once all franchis is paid for all profit goes to the entrepreneur
MA_775_DIABLO [31]

This statement is false.

When an entrepreneur buys into a franchise they will always have franchise fees, even after their intial investment is paid for. The additional fees that they always pay include charges for things like marketing and royalties. These fees are normally based on a percentage of a business’s sales.

7 0
3 years ago
Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ra
GrogVix [38]

Answer:

2.75 million

Explanation:

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

Increase in value of money supply as a result of the purchase is determined by the money multiplier

Money multiplier = 1 / reserve requirement

1/0.05 = 20

increase in money supply = amount of open market purchase / reserve requirement

55  / 20 = 2.75 million

3 0
2 years ago
Which of the following databases provides end-of-day daily prices and historical prices for U.S. Corporate, Treasury and Agency
Vaselesa [24]

Answer:

a. FactSet Prices & Derived Analytics

Explanation:

the answer to this question is option A. Factset prices and analytics gives financial data as well as analytic data to the global investment world. this company gets data directly from suppliers, these suppliers are usually third party data suppliers, other sources are form news channels, fro exchangers. it also provides analytic services to companies that want to track their portfolios.

3 0
2 years ago
What is the opportunity cost of an investment
Temka [501]

<span>An opportunity cost of an investment is the difference between the return of an investment taken and the return of another investment that one had not taken. It is the forgone opportunity of an investment not taken or pursued. It is the amount of money one could have made had one chosen to pursue the other investment.  </span>

7 0
3 years ago
Other questions:
  • A company offering local telecommunications service combines resources with an international company that manufactures digital s
    7·2 answers
  • If franco's pizza parlor knows that the marginal cost of the 500th pizza is $3.50 and that the average total cost of making 499
    15·1 answer
  • You want to show the stock price of a company over the last 6 months. What type of chart would be best for this purpose?
    9·1 answer
  • In general, securities with ____ credit risk and _______ liquidity will offer higher yields. a. lower; lower b. higher; lower c.
    5·1 answer
  • In an economy with population growth at rate n, the change in capital stock per worker is given by the equation:_______.
    15·1 answer
  • What foxes favorite candy? A.mints B.skittles C.M&amp;M D.idk
    15·2 answers
  • Spending on the war in Afghanistan is essentially categorized as government purchases. How do dcreases in spending on the war in
    8·1 answer
  • 1. Suppose that Intel is considering building a new chip-making factory. Assuming that Intel needs to borrow money in the bond m
    7·1 answer
  • Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and th
    11·1 answer
  • expain the meaning of national credit act and consumer protection act as some of the contemporary legislation​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!