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
MissTica
3 years ago
14

The trial balance for Novak Corp. appears as follows: Novak Corp. Trial Balance December 31, 2017 Cash $230 Accounts Receivable

397 Prepaid Insurance 62 Supplies 137 Equipment 3040 Accumulated Depreciation, Equipment $460 Accounts Payable 292 Common Stock 910 Retained Earnings 1060 Service Revenue 2284 Salaries and Wages Expense 760 Rent Expense 380 0 $5006 $5006 If, on December 31, 2017, the insurance still unexpired amounted to $15, the adjusting entry would contain a: debit to Insurance Expense for $47. credit to Prepaid Insurance for $15. debit to Prepaid Insurance for $15. debit to Prepaid Insurance for $47.
Business
1 answer:
Art [367]3 years ago
3 0

Answer:

a: debit to Insurance Expense for $47

Explanation:

Based on the information given If, on December 31, 2017, the insurance still unexpired amounted to $15, the adjusting entry would contain a:

DEBIT TO INSURANCE EXPENSES FOR $47 calculated as:

Insurance expense=Prepaid Insurance -Unexpired insurance

Insurance expense=$62 -$15

Insurance expense=$47

Therefore the adjusting entry would contain a:

DEBIT TO INSURANCE EXPENSES FOR $47

You might be interested in
The Hopper Leg Winery from California's Sonoma Valley is trying to enter the wine market in France. To the company's surprise, i
dimaraw [331]

Answer:

exclusive

Explanation:

Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

In this scenario, The Hopper Leg Winery from California's Sonoma Valley is trying to enter the wine market in France. To the company's surprise, it found that the France wine distribution channel was difficult to access as an outsider. Based on this, the market must have an exclusive distribution channel i.e the exclusive or unique rights to be a retailer for the supplier or manufacturer of the wine products.

7 0
3 years ago
If the expected return generated by a financial asset is greater than what is required for compensating the asset's risk, the de
Elis [28]

Answer:

False

Explanation:

Arbitrage refers to buying and selling stocks, commodities, bonds, currencies, or any other type of security. This process is carried out simultaneously, and a profit is made when the purchase price is lower than the selling price. E.g. a trader that purchases gold from a European seller and immediately sells it to an Asian buyer at a slightly higher price.

As technology advances, arbitrage has become more difficult to carry out because information is available to everyone. Before, a company could purchase a good (e.g. beef) in Texas and sell it at a higher price to a buyer in New York.

4 0
4 years ago
Explain business activities and classification ?<br><br>​
nexus9112 [7]

Answer:

Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.

Explanation:

hope helps

7 0
3 years ago
Read 2 more answers
The consumer price index (CPI) is used to compute inflation.
mina [271]

Answer:

True

Explanation:

The consumer Price index determines how much variates the prices of the market basket and the inflation is the growth or reduction of the CPI compared between a serie of time.

5 0
3 years ago
Nursing is a human service .clarify it
Harman [31]

\Huge\bf\red{AnsweR:}

Nursing is a human service. As in nursing we help the patients to get well. Not only for salary, they personly also try to help the patient with a lot care. Some nurses also treat the patient as their own family. Thus, nursing is a human service.

7 0
4 years ago
Other questions:
  • Carter Co. sells two products: Arks and Bins. Last year, Carter sold 14,000 units of Arks and 56,000 units of Bins. Related data
    11·2 answers
  • Indicate one or more of the many benefits of access to high-quality education as it applies to productivity.
    10·1 answer
  • Penelope is working on a large project. In what sequence should she perform these tasks in order to be productive? Create an act
    5·1 answer
  • After a genetics experiment on 61 pea​ plants, the number of plants having certain characteristics was​ tallied, with the result
    10·1 answer
  • Miranda works at a small-batch soda pop manufacturing plant. for eight hours a day, she uses her right hand to lift individual b
    12·1 answer
  • What type of communication has replaced many other types of communication over the years
    8·2 answers
  • If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total u
    8·1 answer
  • What is development​
    12·2 answers
  • In order, the steps of the strategic-management process are.
    5·1 answer
  • Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!