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Blizzard [7]
3 years ago
7

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

nce expense that would appear on the company's income statement for the first year ended December 31?
a. $1,800.

b. $12,600.

c. $14,400.

d. $16,200.

e. $43,200.
Business
1 answer:
Ket [755]3 years ago
8 0

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

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How can a firm increase the life of a product without involving product changes? a. reintroduction b. product extension c. new p
Vitek1552 [10]

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Product extension can be use as it is targeting a new market. It can involve exporting the products. This strategy may be costly but when successful will level up your product’s quality as it passed exporting quality. It is changing the market NOT the product.

New product Placement is a strategy where in the products are advertised by placing it in media. The products are shown for example in movies, the character uses the products that way it can give awareness to the viewers how the products can be used and also the brand and name of the products are advertised without direct reference to the product. It doesn’t involve changing the product’s feature only the product placement is changed to a new one.

<span>Rebranding can also be used. It is introducing your product with a new name, changing the product’s name not only its packaging but the total appearance. It gives the product a whole new image to target new image audience or expand its audience.</span>

3 0
3 years ago
Massage Envy offers massage services on a subscription basis, so it targets consumers that desire to get multiple treatments per
Anton [14]

Answer:

C. usage rate.

Explanation:

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5 0
2 years ago
T/F Some insurance usually has a higher price for younger people because younger people have more accident
kondor19780726 [428]
The answer to this question is true 
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6 0
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Inc.'s capital structure features 40 percent equity, 60 percent debt, and that its before-tax cost of debt is 9 percent, while i
Alex787 [66]

Answer:

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Explanation:

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