Answer:
$227,500
Explanation:
The computation of the total amount of cash paid is shown below:
Cash paid for insurance premium = Prepaid Insurance at end of the year + Prepaid Insurance recognized - Prepaid Insurance at the beginning of the year
= $61,250 + $218,750 - $52,500
= $227,500
We simply applied the above formula so that the correct amount of cash paid could come with respect to the insurance premium
Answer:
B. Larger growth opportunities based on market size
Explanation:
Took the test and guessed it correctly
131 x 12= 1,572
500 + 1,572 + 640 (20% of 3,200)
= 2,712$