Answer:
C. Insurance expense will increase $2,250
Explanation:
On April 1 2016, the following journal entry will be recorded in respect of the premium paid on a one year insurance policy:
Debit Credit
Prepaid Insurance $3,000
Cash $3,000
The year end given in this question is December 31, 2016 and the insurance premium is for one year and since the insurance premium is paid on April 1, 2016, therefore, only expense in respect of 9 months i.e. from April 1, 2016 to the December 31, 2016 will be recognised in this year. Remaining expense of three months will be recognised in the Year ended December 31,2017.
The following Journal entry will be recorded in respect of insurance expense in accounts on December 31, 2016.
Debit Credit
Insurance expense(3,000*9/12) 2,250
Prepaid Insurance 2,250
So the answer will be C. Insurance expense will increase $2,250
Answer:
The discount is for $86
It will be available until May 16th
Explanation:
the credit terms are 1/15, net 45
the first numebr is the discount amount, 1%
the second number is the days after billing this discount option is active, 15
net 45 means the customer can pay the nominal 8,600 within a 45 days period. After that it should renegociate the bill
The discount will be 8,600 x 1% = 8,600 x 0.01 = 86
It will be available up to 15 days after billing:
May 1st + 15 days = May 16th
Responsibility, organization, and good sportsmanship to name a few.
Answer:
This question is incomplete, it misses the options. The options are the following:
A) creating and acquiring knowledge.
B) being committed to learning.
C) modifying her behavior.
D) generalizing ideas.
E) transferring her knowledge.
And the correct answer is the option E: transferring her knowledge.
Explanation:
To begin with, the name of <em>"Learning Organization"</em> is used in the field of business to refer to the type of organization that is characterized by the fact of always encouraging the fact of keep its employees learning from each other, from the environement, from the context and so on. Therefore that this type of organization seeks for the improvement of knowledge with the only purpose of becoming better at what they do by sharing what every one knows. And that is why, that Myra proves that she is working in a learning organization by transferring her knowledge about the topics to everyone.
