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Sidana [21]
2 years ago
8

Can anyone let me use their Netflix account?Thank you! ​

Business
1 answer:
12345 [234]2 years ago
7 0
Here you go i found it

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A 12-month insurance policy was purchased on Dec. 1 for $3,600 and the Prepaid insurance account was increased for the payment.
miss Akunina [59]

Answer:

The correct answer is C

Explanation:

The insurance policy was purchased on Dec 1 worth $3,600, so on Dec 31, the entry to be recorded is as follows:

Insurance expense A/c............................Dr    $300

         Prepaid insurance A/c.........................Cr    $300

When the asset is charged on to the expense account then the expense account of the insurance is debited against the account of the prepaid insurance.

Working Note:

Amount = Insurance amount / Number of months

= $3,600 / 12

=$300

5 0
3 years ago
Rankin Corp. common stock is priced at $74.20 per share. The company just paid its $1.10 quarterly dividend. Interest rates are
Luda [366]

Answer:

The answer is $0.12 gain

Explanation:

We will be obtaining the no-arbitrage premium of the corresponding put as dictated by put-call parity, as follows: V P (0, K = 70, T = 0.5) = V C (K = 70, T = 0.5) + e rt K S(0) + P V 0,T (Dividends)

= 6.50 + exponential (0.03 70 74.20) + e (0.06 0.25 1.10) + e (0.06 0.5 1.10)

= 67.70 + 0.97 70 + 0.98 1.10 + 0.97 1.10

= 67.70 + 68.97 + 1.08 = 2.38.

Since we have decided to short the call at a premium higher by $0.12, the answer is $0.12 gain.

Thank you.

7 0
3 years ago
Nieland Industries has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process—Fabrica
irina [24]

Answer:

Explanation:

1 Dr Raw Materials Inventory 40,000  

           Cr Accounts Payable  40,000

2     Dr Factory Labor 65,000  

            Cr Wages Payable  65,000

3 Dr Manufacturing Overhead 35,000  

       Dr Accounts Payable  5,000

             Cr Cash  30,000

4 Dr Work in Process—Fabricating 10,000  

       Dr Work in Process—Finishing 8,000  

           Dr  Raw Materials Inventory  18,000

5 Dr Work in Process—Fabricating 13,000  

       Dr Work in Process—Finishing 52,000  

           Cr Factory Labor  65,000

6 Dr Work in Process—Fabricating 10,000  

       Dr Work in Process—Finishing 20,000  

           Cr Manufacturing Overhead  30,000

5 0
3 years ago
Data concerning Pony Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 200 100 % Variable exp
Luda [366]

Answer:

$18,000

Explanation:

The computation of overall effect on the company's monthly net operating income is shown below:-

                                 Current                 Proposed

Sales                       $800,000               $837,000

                        (200 × 4000)     (200 - 14) × (4,000 + 500)

Variable expenses  $160,000             $180,000

                              (40 × 4000)  (40 × (4,000 + 500))

Contribution margin $640,000            $657,000

Fixed expenses     $531000                 $566,000

                                                  ($531,000 + $35,000)

Net operating

income                  $109,000                $91,000

Decrease in net operating income = Current - Proposed

= $109,000 - $91,000

= $18,000

So, for computing the overall effect on the company's monthly net operating income we simply applied the above formula.

8 0
3 years ago
Which of the following is not correct? a. The consumer price index gives economists a way of turning dollar figures into meaning
Marina CMI [18]

Answer:

The consumer price index is used to measure the quantity of goods and services that the economy is producing.

Explanation:

CPI  or consumer price index is a measure of changes in the average prices of a basket of products and services in a given time. The selected goods and services are a fair representation of consumption expenditure in the economy. Economists use the CPI as a Macroeconomic indicator of inflation.

As a measure of inflation, the CPI statistics communicate increases or decreases in the prices of goods and services in the economy. It forms a basis for policy decisions by the government that aid in the prevention of reduced purchasing power of the dollar.  CPI is all about changes in prices and nothing to do with the production of goods and services.

5 0
3 years ago
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