Answer:
Correct answer is letter B, $2,200
Explanation:
Using accrual basis method, revenue and expenses will be recognized when incurred.
The $4,800 is a 24 months policy, therefore we must compute the insurance expense applicable for the year covering from February 1 to December 31 (11 months)
An adjusting entry to recognize the expire portion of the insurance must be done at the year end in the amount of $2,200.
($4,800 / 24 months = $200 x 11 months = $2,200)
The legal issue that Susan's father was advising her about is: Caveat emptor.
<h3>What is Caveat emptor?</h3>
Caveat emptor is a Latin words which means let the buyer beware before buying or purchasing a property.
Hence, Susan's father advising her about Caveat emptor which is why he told her facts to obtain a thorough inspection before buying or purchasing the real estate.
Learn more about Caveat emptor here:brainly.com/question/14565508
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The answer to this question is the podcast. A podcast is a list of digital audio files that a person can download by the means of subscription. The podcast can be accessed through the internet and can be streamed and downloaded in the user's device. The series of podcast can be downloaded automatically when the list is updated.
Answer:
a) $7,250
Explanation:
First, find the Earnings Before Interest and Taxes (EBIT):
Then, apply taxes to the EBIT:
Finally, Since depreciation is not an operating expense, add it to the earnings to find the operating cash flow (OCF):
