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Dennis_Churaev [7]
3 years ago
13

On July 1, 2020, Pearl Co. pays $13,620 to Martinez Insurance Co. for a 3-year insurance policy. Both companies have fiscal year

s ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Martinez Insurance Co. Martinez uses the accounts Unearned Service Revenue and Service Revenue.
Business
1 answer:
Sati [7]3 years ago
8 0

Answer:

Explanation:

The journal entry is shown below:

1st July Debit Prepaid insurance $13620

Credit Cash $13620

31st December Debit Insurance expenses $2270

Credit Prepaid insurance $2270

Insurance expense was calculated as:

= $13620/3 years × 6months/12months

= $4540 × 1/2

= $2270

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Which of the following is an advantage of utilizing technology?
8090 [49]

Answer:

C. Productivity increases.

Explanation:

Technology is the application of skills, knowledge which could be scientifically in solving problems, it can be in production of good and services.

Technology brings about automation, it saves time and provide efficiency in operation.

It should be noted that Productivity increases is an advantage of utilizing technology all over the world.

7 0
3 years ago
Simon is a sales representative with McKesson who works with independent and chain drug stores to provide branded and private la
Crank

Answer:

Societal marketing orientation

Explanation:

Options include "a. Societal marketing orientation , b. Production orientation , C. Sales orientation , d. Market orientation

Societal marketing orientation is an idea to engage the customers in marketing movement of the company. If the customers evangelize the product on the company’s behalf the company finds success very easily and efficiently. Societal marketing orientation not only focuses on the needs of the customers but also on the fulfillment of the social responsibility

6 0
4 years ago
PLS HELP!!!!! THANK U<br> Sample Work: Writing an Informative Essay: Prewriting BATTLING ADVERSITY
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8 0
3 years ago
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What is the breakeven point, in dollars, for Zippy Dippy Swimwear, maker of bathing suits and accessories
hammer [34]

Answer:

the selling is missing, so I looked for similar questions and found that the selling price per swimsuit and its accessory is $85. total variable costs: raw materials $15 labor costs $8 commissions $2 total $25 total fixed costs: utilities $50,000 rent $96,000 salaries $150,000 taxes $30,000 total $326,000 contribution margin per swimsuit and accessory =$85 - $25 = $60 break even point in units = $326,000 / $60 = 5,433.33 ≈ 5,434 units break even point in $ = 5,434 x $85 = $461,890

Explanation:

3 0
3 years ago
Exercise 23-8 Sell or process further LO A1 Cobe Company has already manufactured 15,000 units of Product A at a cost of $30 per
Kipish [7]

Answer:

Yes

Explanation:

In this question, we have to compare the cost so that the net income or net loss would be calculated.

                                         Sales              Process Further Cost

Sales                                $450,000       $1,275,100

Less: Processing cost                            $210,000

Net income                    $450,000        $1,065,100

where,

Sales of further processing cost would be

= 5,800 units × $107 + 11,900 units × $55

= $620,600 + $654,500

= $1,275,100

Since, net income is increased by $615,100. So, It would be process further

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3 years ago
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