Answer:
Given that,
Total prepaid insurance = $6,700
Monthly insurance:
= Total prepaid insurance ÷ 4 months
= $6,700 ÷ 4 months
= $1,675
Insurance expense for two months:
= $6,700 - $1,675
= $5,025
Therefore, the adjusting entry required on December 31 is as follows:
Insurance expense A/c Dr. $5,025
To Prepaid insurance $5,025
(To record the adjusting entry for the insurance)
D) the availability of land, labor and capital
I think
Answer:
Annual depreciation= $77,000
Explanation:
Giving the following information:
Purchase price= $800,000
Salvage value= $30,000
Useful life= 10 year
Under the straight-line method of depreciation, the depreciation expense is constant along the useful life.
We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (800,000 - 30,000)/10
Annual depreciation= $77,000
Answer: $275,000
Explanation:
Given that,
Annual net income = $22,000
Capitalization rate = 8%
Value of the property = ?
Capitalization rate = 
8% = 
Value of the property = 
= $275,000
Answer:
The answer is stated below:
Explanation:
Select a limited number of alternatives to consider: For example, considering the top 3 alternative suppliers.
Then generate or create a list of as many as possible of alternative suppliers.
Rely on the gut in order to make a decision regarding the right number of alternatives when you feel the time is right.
Deciding or choosing the limited number of alternatives , this concept is known as the bounded rationality. For most of the businesses, this is the most realistic approach for dealing with alternatives.