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GrogVix [38]
3 years ago
14

On July 1, 2020, Whispering Co. pays $13,620 to Metlock Insurance Co. for a 3-year insurance policy. Both companies have fiscal

years ending December 31. For Whispering Co., journalize the entry on July 1 and the adjusting entry on December 31.
Business
1 answer:
S_A_V [24]3 years ago
4 0

Answer:

jul-01 Prepaid expenses   13.620  

jul-01      Cash                              13.620

     

dec-31 Insurance policy expense 2.270  

dec-31     Prepaid expenses    2.270

Explanation:

Paid 1-jul 13620    

     

Three Years 13.620 36 months    

Monthly 378 month    

Current Year 2.270 6 months    

           

jul-01 Prepaid expenses   13.620  

jul-01      Cash                              13.620

     

dec-31 Insurance policy expense 2.270  

dec-31     Prepaid expenses    2.270

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The loose fitting skin is one of the defining characteristic of the amphibians in which the toad, frog and almost any other creature in between belong. Some of the many useful and sophisticated purpose of this are: (1) helping with respiration, (2) prevention of hydration loss, (3) easy locomotion. This enables the animals to easily adapt to the environment once it shifts to the land from the water bodies. 
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2 years ago
Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired
nordsb [41]

Answer:

treasury stock   1,645,600 debit

             cash        1,645,600 credit

--to record he purchase of TS--

cash       925,000 debit

    treasury stock         850,000 debit

   additional paid-in TS  75,000 debit

-to record sale of TS above their cost--

cash                         760,500 debit

additional paid-in TS  35,100 debit

           Treasury Stock    795,600 credit

Explanation:

<em><u>treasury stock cost:</u></em>

24,200 shares x $68 each = 1,645,600

sale of TS

proceeds:  12,500 x $74 =925,000

cost:           12,500 x $68 = 850,000

additional paid-in TS 75,000

second sale of TS:

proceeds _ 11,700 x $65   760,500

Cost:           11,700 x $68    795,600

 additional paid-in TS          35,100

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2 years ago
While working at a busy law firm, Bruce is using Skype to meet with a client in another state. Although Bruce is trying to conce
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Answer:

Information overload

Explanation:

Information overload can be described as a type of difficulty experienced by individuals in some situations, it is as a result of too much information present at a particular time, this makes it hard for the individual to carry out the right decision.

As individuals we come across a lot of information daily, but our brains can only process such information one at a time, if we attempt to process more data it may lead to the overstressing of the brain capacity which may eventually cause information overload.

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Marissa owns an equestrian clothing store. After many customers complained that her clothing only fit petite riders, she decided
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Answer:

B) To remain competitive, companies must be prepared to add to or adapt their product lines to satisfy customer desires.

Explanation:

The fact that many consumers are complaining about the products that Marissa sold, means that her sales probably went down. When sales are down, any company is in big trouble.

In order to regain a competitive advantage, Marissa and other companies must be willing to offer the products or services that will satisfy their customers' needs.

About 100 years ago, companies sold what they produced and consumers' voices and needs were not important, but that was 100 years ago. Today, if you do not satisfy your consumers' needs and desires, you lose them immediately.

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The type of cover letter written to request assistance and support from the author’s job network:
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<span>1.      </span>Application Letter - to apply for a specific job opening

<span>2.      </span>Referral Cover Letter - mentions the name of a person who has referred you to a job

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<span>If you are to request assistance and support from a job network, therefore, you must use the networking letter type of cover letter.</span>

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2 years ago
Read 2 more answers
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