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ozzi
4 years ago
7

Zoum Corporation had the following transactions during 2017:

Business
1 answer:
IrinaVladis [17]4 years ago
5 0

Answer:5

Explanation:

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On May 1, a two-year insurance policy was purchased for $26,400 with coverage to begin immediately. What is the amount of insura
Ket [755]

Answer:

$8,800

Explanation:

Calculation for What is the amount of insurance expense that would appear on the company's income statement for the first year ended December 31

First step is to calculate insurance amount per year

Insurance=$26,400/2 years

Insurance= 13,200

Second step is to calculate the insurance value per months

Insurance value=13,200/12 months

Insurance value=1,100

Now let calculate insurance expense

Insurance expense =$1,100 x 8 months

Insurance expense = $8,800

Note that May 1 to December 31 will give us 8 months

Therefore the amount of insurance expense that would appear on the company's income statement for the first year ended December 31 will be $8,800

8 0
3 years ago
Under the average cost method, the flow of costs through the accounting records will ___ to the physical flow of goods through t
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I think it's D
I hope this helps
7 0
3 years ago
cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of
ivanzaharov [21]

Answer: Investing Activities

Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.

Hope this helps.

7 0
2 years ago
The agreements that set terms for various aspects of commercial relations with other countries such as the right to conduct busi
Ivan
The agreements that set terms for various aspects of commercial relations with other countries such as the right to conduct business in the treaty partner's domestic market are called <span>friendship, commerce, and navigation (FCN)  treaties. Correct answer: C
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8 0
4 years ago
Business Manager HeatherGuite expects her employees to be displeased or even hostile when she announces a new work schedule that
anzhelika [568]

Answer:

explain all background information first

Explanation:

Imagine how bad the work schedule is for a manager to be worried about their employees' reaction. When you have to deal with very bad solutions and their consequences, you must do it in a proper manner so things don't get worse. By explaining the background information first, Heather will be able to explain why she is making that decision and has a better chance of her employees understanding that it is something necessary. We are not told what the changes are or shy the changes are being made, but we know that they are very serious.

Heather must deal with her employees' tolerance levels, and their is a difference between absolute and relative tolerance. Absolute tolerance refers to tolerating other people's behavior just because you are polite and you don't want to cause more trouble, and relative tolerance refers to tolerating a bad situation because you know that there is valid cause for it. Heather must rely on her employees' relative tolerance.

8 0
3 years ago
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