The amount of insurance expense will be reported on the annual income statement for the first year ended December 31 is $675.00.
Insurance expense
Using this formula
Insurance expense=Insurance premium×Number of months/ Three years
Where:
Insurance premium=$2,700
Number of months= April to December=9 months
Three years=36 months
Let plug in the formula
Insurance expense=$2,700×9/36
Insurance expense=$675
Inconclusion The amount of insurance expense will be reported on the annual income statement for the first year ended December 31 is $675.00.
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If a price floor is not binding, then a. the equilibrium price is above the price floor. b. there will be a surplus in the market. c. the equilibrium price is below the price floor. d. there will be a shortage in the market.
When a price floor is not binding, the equilibrium price is above the price floor.
What is a price floor?
A price floor is when the government or an agency of the government sets the minimum price of a good or service. It is binding when the price floor is set above equilibrium price. It is nonbinding when it is set below equilibrium price.
Equilibrium price is the price at which quantity demanded is equal to quantity suppled. Price floor is usually set for agricultural goods.
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Suppose Country A has a real GDP per capita of $18,000 and Country B has a real GDP per capita of $24,000. We can conclude that:
Based on the real GDP per capita of Country A and B, it can be concluded that the standard of living in Country B is higher.
What does real GDP per capita mean?Real GDP is the value of all final goods and services produced in an economy in a given year adjusted for inflation. Real GDP per capita is the real GDP of a country divided by the population of the country, Real GDP per capita is used to measure the standard of living of the population.
If the Real GDP per capita of a country is $18,000. It means that the share of the country's Real GDP that each person in that country gets is $18,000.
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Nour's organization buys raw materials from all over the world, and in turn, sells finished goods world-wide. What type of organization does Nour run?
There are a lot of firms. Organizational buyers is the type of organization that Nour run.
What is Organizational buyers?Organizational buyers are known to be people or firm that often buy direct from the manufacturers of products as at the time when the products are complex and said to be expensive pieces of equipment that needs custom design and installation.
Note that the organizational buyer often purchases in a lot of large volumes of goods to sell to others.
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In addition to expected starting salary, what other factor(s) do you think are important to consider when making a decision about a college ...
The decisions to also make about a college include distance, extra curricular, accomodations, etc.
What decisions are vital before choosing a college?It should be noted that it's important for one to carefully analyze his options before choosing a college.
In this case, in addition to expected starting salary, decisions to also make about a college include distance, extra curricular, accomodations, etc.
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A company uploads a message on the Internet about its latest product and it is forwarded to hundreds and thousands of people in no time. This is an example of ______.
a) viral marketing
b) ambush marketing
c) direct marketing
Which nims management characteristic helps to eliminate?.
Answer:
Chain of command and unity of command help to ensure clear reporting relationships exist and eliminate the confusion caused by multiple, conflicting directives. Incident managers at all levels must be able to control the actions of all personnel under their supervision.4 types of resources an entrepreneur will need to start a new business
Answer:
small business, scalable startup, large company , and social
Explanation:
this are resources of an entrepreneur will need to start a new business
what is the options bar known as
Option Bar is also known as TOOL PANEL.
On May 1, Doormart received an order from a customer. The goods were shipped FOB shipping point on May 3. The customer received the goods on May 5 and paid for the merchandise on June 1. When should Doormart record the sale
Based on the information given Doormart should record the sale on May 3.
Free on Board Shipping PointDoormart should record the sales on the day in which the goods were shipped FOB shipping point.
Based on the information given the day in which the goods were shipped FOB shipping point was May 3.
Reason being that buyers tends to take the delivery of the goods, once the goods has be shipped by the seller or once the goods has leave the seller shipping point.
Inconclusion Doormart should record the sale on May 3.
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Grace owns a dog-walking business that she started in high school. Her first goal was to earn money after school and supplement her allowance. Now that she has finished college and maintains a long client list, she plans to run the business full time. She keeps all the profits and has kept things simple by relying on word-of-mouth to obtain new clients. Grace's business is a(n):_____.
The type of Grace's business is a sole proprietorship.
What is sole proprietorship?A sole proprietorship is known to be the most easiest and most common type of business to start.
It is known to be a form of unincorporated business that is often owned and run by one person with no distinction between the business and the person, which is the owner.
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which is greater: 1 hour or 60 minutes?
Answer:
they are equal
Explanation:
60 minutes is the same as an hour
Scholastic Toys is considering developing and distributing a new board game for children. The project is similar in risk to the firm's current operations. The firm maintains a debt-equity ratio of 0.40 and retains all profits to fund the firm's rapid growth. How should the firm determine its cost of equity?
a. By multiplying the market risk premium by (1 - 0.40)
b. By using the dividend growth model
c. By using the capital asset pricing model
d. By averaging the costs based on the dividend growth model and the capital asset pricing model
Answer:
c. by using the capital asset pricing model
Sinking funds are attractive to both issuing firms and investors because ______. (Select all that apply)
Sinking funds are attractive to both issuing firms and investors because:
They give an orderly repayment of a bond issueThey aid the market price of the bond due to the fact that they lower the risk the bond will not be repaid.They lower the risk the bond will not be repaid.What Is a Sinking Fund?A sinking fund is known to be a type of fund that has money set aside or that has been saved to pay off a kind of debt or bond.
A firm that gives debt will be required to pay that debt off in the future, and the sinking fund is one that helps to reduce the hardship of a large kind of revenue.
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Answer:
they support the market price of the bond because they reduce the risk the bond will not be repaid
they provide for an orderly repayment of a bond issue
they reduce the risk the bond will not be repaid
Explanation:
Unit cost is: a.the sum of the process category unit costs. b.the sum of the unit cost of labor used in all departments. c.the sum of the unit cost of materials used in all departments. d.the sum of the input category unit costs.
Unit cost can be described as the .the sum of the process category unit costs.
What is unit cost in simple terms?This is the sum of the total expenditure that was used in the manufacturing process for a unit of product or service.
It is the cost of good that was used in the manufacture, the storage an d the sale of that product.
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True or false: The person who has custody of an asset should also account for the asset. A person who performs both duties will best know what the balance should be in the accounting records
It is FALSE that the person who has custody of an asset should also account for the asset.
What are asset custody and accounting for an asset?Asset custody involves physical safety of an asset. Accounting for an asset involves the maintenance of proper records in the accounting system.
These two accounting duties must be separated and assigned to two persons under the principle of separation of duties.
Thus, it is FALSE that the person who has custody of an asset should also account for the asset because of the attached knowledge of the asset's balance.
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Work performed for pay that is unrelated to any other work you have performed or are trained to do is _____?
Answer: Part time job. is your answer.
Hope this helps!
Answer:
Part time job Your welcome
Pineapple whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and proprietary flavors to other companies for a fee and a share of the profits. Pineapple whip is engaged in:.
In this context, the Pineapple whip is engaged in a business arrangement called Franchising.
What is Franchising?Franchising is a business arrangement where the franchisor (one party) grants some rights and authorities to the franchisee.
In this case, the , the franchisee will pays a fee to the franchisor because he is using the business's success, trademarks, proprietary knowledge etc.
In conclusion, the the Pineapple whip is engaged in a business arrangement called Franchising.
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do The citizens of the United States live and work in a
Answer:
Brainliest pls
Explanation:
Mixed Market Economy
______ refers to a set of unspoken guidelines that employees share in various work situations. Multiple choice question. Organizational theory Organizational culture Organizational climate Organizational structure
It can be noted that the set of unspoken guidelines that employees share in various work situations simply means the conclusion organizational culture.
What is organizational culture?Organizational culture simply means the underlying beliefs and values that can be found in a company.
They are simply the set of unspoken guidelines that employees share in various work situations.
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As part of a firm’s foundation, organizational ________ describes why an organization exists, what problems it wishes to solve, and who it wants to be to every person it touches through its work.
Structures are put in place in organization for management, organizational structure guides the mode of operation of the organization.
What is Organizational structure?An organizational structure describes how an organization operates, it includes how activities such as allocation of tasks, coordination, and supervision are done to achieve the organizational aims.
It describes the problem to be solved and how it would be solved.
Therefore, organizational structure describes why an organization exists, what problems it wishes to solve, and who it wants to be to every person it touches through its work.
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You can use the continuous feedback loop known as the ______ cycle to ensure you're headed in the right direction once you've made plans.
It is important one uses the planning and controlling cycle to ensure we are headed in the right direction once you've made plans.
What is the planning and controlling?Both the planning and controlling are important function of management because one's activities helps to accomplish the planned objectives while the other direct and monitor business process,
In conclusion, the adoption of the planning and controlling cycle is important in ensuring we are headed in the right direction once you've made plans.
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In year 1, Casa Corp. has depreciation expense for income statement purposes of $20,000. The depreciation deduction on the tax return was $30,000. The enacted tax rate is 40%. Casa's pretax income for the year was $100,000, and its taxable income was $90,000. If this is the only difference between pretax income and taxable income, the journal entry to record tax expense for the year would include which of the following entries?
i. credit deferred tax liability of $36,000
ii. debit tax expense of $40,000
iii. credit deferred tax liability of $4,000
iv. credit taxes payable of $36,000
v. debit deferred tax asset of $10,000
Based on the tax rate, the pretax income, and the taxable income the following entries should be recorded:
Credit deferred tax liability of $4,000. Debit tax expense of $40,000.Credit taxes payable of $36,000.Why should these entries be made?The entire tax will be debited to the tax expense account which is:
= 100,000 x 40%
= $40,000
The taxes payable however, will be based on taxable income:
= 90,000 x 40%
= $36,000
The deferred tax liability will be the difference between tax expense and tax payable:
= 40,000 - 36,000
= $4,000
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Hector, a manager for a fulfillment center, is in the process of recruiting new employees. Hector creates a detailed schedule for training new employees over a period of four weeks. This is most likely to be found in a(n) ________ plan.
Hector scenario is most likely to be found in a training plan.
What should be found in a training plan?The Training Plan is known to be the outlines of all the objectives, needs, strategy, and curriculum that would be handled or to be addressed when training users.
Conclusively, It is often employed when training users on the new or enhanced information system.
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Which site factor best explains the linear pattern of urbanized areas extending between washington, d. C. , philadelphia, new york, and boston?.
It should be noted that the site factor that best explains the linear pattern of urbanized areas like Washington, D.C., is abundance of deep-water harbors and waterfalls.
What is the site factor of the linear pattern of urbanized areas?The site factor that influence the pattern especially in Philadelphia, New York, and Boston is the deep-water harbors and waterfalls.
And this area is flat coastal plains met higher lands is it extends to Washington, D.C
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If Billy Jo does not want to track the quantity on hand of the products she sells, what Product/Service type should she select when setting up the items she sells in QuickBooks Online
The Product/Service type in QuickBooks Online that he will select is Non-inventory.
What is QuickBooks Online?This is an app that helps it client in lot of ways. QuickBooks Online Plus is known to be a wide and robust Online version that QuickBooks is said to offers.
It is made up of more that 65 reporting features and these features includes the ability to track inventory, form purchase orders, and others.
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20 points, please help will mark brainlist
Read the scenario, and then answer the following question.
You were hired by an organic restaurant. The business was opened thirty years ago by a couple who turned their health around by eating fresh foods that are minimally processed. They are considering a new menu item, which is a fruit that naturally grows in another country. They determine that it will cost about the same to import the item from the foreign grower as it does to obtain a vegetable that is grown locally. The fruit is ethically sourced and has a high level of antioxidants and necessary vitamins.
Assume you are in charge of product screening. Discuss whether or not the restaurant should add this item to their menu. Use details to support your answer.
Tyia
Answer:
They should because healthy food's turned their health around by eating fresh.
Explanation:
Answer:
They should add more fruits because it will give more nutrients
The law of supply tell us there is a negative, or inverse relationship between:_____.
a. the price of a good and the quantity supplied.
the higher the price, the lower the quantity supplied.
that as the price of a good increases, producers will increase the quantity supplied.
the positive relationship between the price of a good and quantity demanded by consumers.
Explanation:
the positive relationship between the price of a good and quantity demanded by consumers.
During an inspection, the OSHA compliance officer cited a machine guarding violation which had been previously reported to a supervisor. Under which criteria is hazard recognition established
The criteria under which hazard recognition is established during an OSHA inspection is Employer Recognition.
What is an OSHA inspection?An OSHA inspection involves the following activities:
Health and safety compliance officers visit the workplace. OSHA compliance officers help employers and their employees to reduce hazards and prevent illnesses, injuries, and deaths in work environments.OSHA inspections are usually triggered when employers report a workplace fatality or reportable serious injury (hospitalization, amputation, loss of eye).After an OSHA investigation, the company is presented with various violations to correct. OSHA initiates a follow-up visit, to confirm if the hazards have been addressed.Follow-up actions are taken based on the prevailing situation.Thus, the criteria under which hazard recognition is established during an OSHA inspection is Employer Recognition.
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Ray Sanchez began as a junior sales rep at industrial products maker DECA Corporation 10 years ago, and has worked his way up steadily to Senior Regional Sales Director for the entire Southwest region. He is good at his job, and his greatest personal satisfaction-also the cause of his steady rise in the company-is his ability to understand customers and their needs and to sell them appropriate solutions. As a manager and now Senior Regional Director, Sanchez injects his department with this same commitment to understanding the customer's needs as the key to long-term, profitable sales relationships. Sanchez success is due largely to the fact that:_____________
Sanchez's success is due largely to the fact that: B) he understood the key factors involved in becoming an excellent salesperson and worked to develop skills to support those factors.
Who is a Salesperson?A salesperson is an individual that sells solutions to people. An excellent salesperson is someone who understands the needs of the consumers and presents solutions to them.
Sanchez was able to progress in his work because he understood this principle of sales.
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When people need money to pay for housing, food, and clothes, what do they look for?
When people need money to pay for housing, food, and clothes, they generally look for sources of income, such as a job or other forms of employment.
In simple terms, what is money?Money is a centralised, widely recognised, acknowledged, and used as a medium of exchange that makes it easier to exchange goods and services. In an economy, money is a form of exchange used for many different types of commodities and services. Each government and each nation has a unique monetary system.
What gives money its name?The English word "money" is derived from the Roman word moneta, which means "coin," through the French word monnaie. One of Rome's seven hills, Capitoline, is home to the Juno temple, and it is assumed that this is where the Latin word initially emerged.
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