How much money was spent on black friday this year?

The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,630. The year end is March 31.

geniusboy [140]

Answer:

A. Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

B. Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

C. Dr Insurance Expense $9,880.00

Cr Prepaid Insurance $9,880.00

Explanation:

A. Preparation of the March 31 adjusting entry required when the amount of insurance expired during the year is $15,300

Dr Insurance Expense $15,300.00

Cr Prepaid Insurance 115,300.00

B. Preparation of the March 31 adjusting entry required when the amount of unexpired insurance applicable to future periods is $3,330

Dr Insurance Expense $15,300.00

Cr Prepaid Insurance $5,300.00

($18,630-$3,330)

C.Preparation of the March 31 adjusting entry required when the amount of unexpired insurance applicable to future periods is $8,750

Dr Insurance Expense $9,880.00

Cr Prepaid Insurance $9,880.00

($18,630-$8,750)

8 0

3 years ago

The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

pantera1 [17]

Answer:

The predetermined overhead rate for May should be: $18.70 per direct labor hour

Explanation:

Predetermined Overhead rate is the rate that is used to allocate Overheads to Departments or Jobs.

<em>Predetermined Overhead rate = Budgeted Overheads / Budgeted Activity</em>

= $134,640/7,200

= $18.70 per direct labor hour

7 0

3 years ago

Through what process can special interest groups and businesses influence the government?

DochEvi [55]

Answer:

Lobbying

Explanation:

This is a tool used since the beginnings of political organized society. Nowadays it is considered a business practice and there are enterprises that use lobby to influence politicians in order to meet the objectives they want to attain with actions such as passing of bills.

8 0

3 years ago

Which methods can be used to run a query? Check all that apply.

Yuri [45]

Answer:

Option B and C

Explanation:

A query can be run by selecting query option visible through deign view option. After selecting the appropriate option, the query must be run. This shall execute the function for the selected option.

Like wise in data sheet view, one can see the action query before running it.

Hence, option B and C are correct

5 0

3 years ago

Read 2 more answers

A dealer buys 10,000 shares of ABC common at $20 for its inventory. One week later the stock is quoted at $22 - $23, and a custo

VashaNatasha [74]

Answer:

$22

Explanation:

According to the FINRA 5% Policy the mark-down if the customer sell must always be calculated from the inside bid price which is here $22 and if the customer is a buyer then the mark-up must be calculated using the inside ask price which is here $23. As the customer here is seller, hence the inside bid price $22 was appropriate here according to the FINRA 5% policy.

FINRA 5% policy says that the broker can not charge commissions, or markups or markdowns which is more than 5% on standard trades.

So the commission of $2 ($23-$21) is not allowed under this rule hence the appropriate price for the stock must be $22 not $21.

6 0

4 years ago