Explanation:
1. The journal entry is as follows:
On March 1
Prepaid insurance A/c Dr $36,000
To Cash A/c $36,000
(Being the prepaid insurance is recorded for cash)
For recording the advance purchase of insurance, we debited the prepaid insurance and credited the cash account. Both the accounts are recorded at $36,000 so that the proper posting could be done.
Answer:
C) limited; unlimited
Explanation:
Economics can be described as the study of how people use limited resources to satisfy unlimited wants.
Answer: Debit: Interest expense $9900
Debit: Premium on bonds payable $540
Credit: Cash $10440
Explanation:
First and foremost, the cash payment will be calculated as:
= $174,000 × 12% × 6/12
= $174,000 × 0.12 × 0.5
= $10440
Interest expenses will be calculated as:
= $180000 × 11% × 6/12
= $180000 × 0.11 × 0.5
= $9900
Therefore, the journal entry to record the first interest payment would be:
Debit: Interest expense $9900
Debit: Premium on bonds payable $540
Credit: Cash $10440
Answer:
The correct answer is B
Explanation:
Value curve is the one which states graphically, the way or manner or method, in which the industry or the company configures the products or the services to its customer. This is a powerful as well as effective tool in order to create the new market spaces.
So, the strategy which the company should use in order to make themselves as a differentiator by offering the high customer service, high price, high concessions, low operation hours and the high level of the comfort to the customers.
Making<span> the total </span>minimum payment<span> each month </span>means<span> you avoid a late </span>payment <span>fee and ensures you can keep using your card. This is the defenition of making a minimum payment so I would go with answer A</span>