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3 years ago

What's the difference between life insurance and business insurance

Business

1 answer:

Pavlova-9 [17]3 years ago

8 0

Answer:

response

Explanation:

Health insurance protects you and your health. pays hospitals and whatnot. Business insurance protects your business and assets under it.

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How is depreciation accounted for if disposal of a plant asset occurs during the year? A : It is not recorded for the year. B :

Brrunno [24]

Answer:

C : It is recorded for the fraction of the year to the date of the disposal.

Explanation:

Depreciation is the expense charged for providing against benefits arising through the assets. When any assets are to be sold, then depreciation is to be provided against the time period it is used as the benefit have been received for such.

Therefore, even in case of sales of the asset, the depreciation is provided for the period, it is in the books, and held in hand.

Therefore, the correct statement is:

Statement C

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3 years ago

Happy Maids has an opening balance in its supplies account of $1,600 and purchases $1,800 of supplies during the year. A year-en

REY [17]

Answer:

Debit supplies expense $2,200

Credit office supplies $2,200

Explanation:

The beginning balance of $1,600 plus the purchases of $1,800 makes an available office supplies balance for the period in the amount of $3,400. A year-end physical count of $1,200 constitutes the remaining supplies balance at the period after they used up the $2,200 portion ($3,400 - $1,200). The appropriate journal entry at the year end is to recognize the expense portion of the supplies. Therefore, we have to debit supplies expense and credit office supplies in the amount of $2,200.

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3 years ago

________ contain data on employees' performance records, educational backgrounds, and promotion recommendations.

Mumz [18]

Qualification inventories

5 0

3 years ago

In microeconomics, a demand curve in the coordinate system relates the quantity purchased of a certain good, x, to the price of

Oksi-84 [34.3K]

Answer:

The change in the revenue is $100,000

Explanation:

The quantity when the price is $1.50 is 60,000(1.50)-10,000=80,000. The revenue when the price for the price of $1.50 is 1.50*80,000 = 120,0000.

Now for the new price of $2.00, the quantity is 60,000(2)-10,000=110,000, and the revenue is 2*110,000=220.000.

With the revenues from when the price is $1.50 and $2.00, the change is the diference $220,000-$120,000=$100,000.

When the price increases from $1.50 to $2.00 the revenue increases $100.000

6 0

3 years ago

Final customers or users are normally asked to pay ______________ prices for products they buy. 1. basic list 2. unchanging list

bulgar [2K]

<span>Usually final customers pay basic list prices. A list price is what the manufacturer suggests the retail price is. This type of price is determined by supply and demand. It is usually the initial asking price. The basic price is the amount receivable by the producer from the purchaser for a good or service that is produced minus the taxes.</span>

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3 years ago