On January 1, a company purchased a five-year insurance policy for $1,800 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is: A. Debit Prepaid Insurance, $1,800; credit Cash, $1,800. B. Debit Prepaid Insurance, $1,440; credit Insurance Expense, $1,440. C. Debit Prepaid Insurance, $360; credit Insurance Expense, $360. D. Debit Insurance Expense, $360; credit Prepaid Insurance, $360. E. Debit Insurance Expense, $1,440; credit Prepaid Insurance, $1,440.

Answers

Answer 1

Answer:

D. Debit Insurance Expense, $360; credit Prepaid Insurance, $360

Explanation:

The journal entry is shown below:

Insurance expense Dr $360 ($1,800 ÷ 5 years)

      To Prepaid insurance $360

(being insurance expense is recorded)

Here insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets


Related Questions

An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor is called a(n) ______ structure.

Answers

line

Explanation:

An organization that has direct two-way lines of responsibility, authority, and communication running from the top to the bottom of the organization, with all people reporting to only one supervisor is called a(n) line structure.

Line Organizational structure is the simplest organizational structure.

In this structure, the flow of the authority is from top to bottom. In this structure, supportive and specialized services do not exist. The department head has full control over their departments. Its main characteristic is the self-contained department structure.Line officers can take independent decisions due to the unified structure. Effective communication is the main characteristic of this structure and it makes the organization stable.

So, Line structure is the correct answer

Learn More about  flat, hierarchical, and matrix organizations here:

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Will give brainliest to anyone who can explain how to solve this

Answers

Find the amount of markup by subtracting the store cost from sale price:

25-5 = 20

Divide markup amount by cost:

20/5 = 4

Multiply by 100 to get percentage

4 x 100 = 400 %

The answer is B. 400%

Answer:

Explanation:

After-Before/Before = 25-5=20 / 5=4 = 400%B

Curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. While he owned the stock, he earned $10 in dividends. What was his total percentage return on the investment?

Answers

Answer:

i think it is 31 i hope this helps brainlist pls

How are maquiladoras similar to sweatshops? I. Workers are paid very low wages in both systems. II. Both are prevalent in underdeveloped nations. III. Both are outlawed internationally. A. I. only B. II. only C. I. and III. D. I. and II. Please select the best answer from the choices provided. A B C D

Answers

Answer:

D.) I. and II

I. Workers are paid very low wages in both systems.

II. Both are prevalent in underdeveloped nations.

Explanation:

maquiladora can be regarded as mode of manufacturing that is associated to countries such as Mexico, which is been at up by a foreign company, and it involves export of the manufactured goods out of that country to the origin country of the company. There are some benefits for the factory such as

duty-free as well as tariff-free imports of raw materials. sweatshop can be regarded as sweat factory, it is a crowded workplace that has socially unacceptable as well as

very poor and illegal working conditions. Employees in sweatshops usually have work long hours and petty pay.

It should be noted that maquiladoras similar to sweatshops in ways such was ;

✓Workers are paid very low wages in both systems.

✓Both are prevalent in underdeveloped nations.

Answer:

d

Explanation:

The combination of factors particular to a time and place that do not follow from a knowledge of the stable attributes of a consumer and a stimulus and that have an effect on current consumer behavior is known as

Answers

Answer:

situational influence

Explanation:

Situational influences can be regarded as temporary conditions which has an

effect on the behavior of the buyers towards your products. These holds in case whereby the buyer actually purchase the product, do not buy the product or even purchase additional products. These conditions are influenced by factors like time factors,

factors as well as social factors and

reason why the buyer make purchase and his/her mood.

It should be noted that situational influence is the combination of factors particular to a time and place that do not follow from a knowledge of the stable attributes of a consumer and a stimulus and that have an effect on current consumer behavior.

Costs for office equipment in the first year of a business can run from approximately

A 500 to $1,500.
B3,000 to $12,000.
C6,000 to $18,000.
D10,000 to $25,000.

Answers

Answer:

c

Explanation:

if it's a green technology than the answer could be c

The soft drink, candy, and snack vending machines found in the Business building at University of Texas at Arlington are examples of: Group of answer choices automatic vending. self-service technologies. direct marketing. direct retailing. none of these.

Answers

Answer:

automatic vending

Explanation:

True or false: The initial result of the Hawthorne studies demonstrated that no matter what the levels of light and noise were, worker productivity increased simply because the workers liked the attention they received by being part of a study.

Answers

Answer: True

Explanation:

The Hawthorne studies were designed originally in order to show the relationship that existed between productivity and the workplace conditions.

A study like the the level of lighting was used to show correlation with the productivity of the workers and the result was that demonstrated that no matter what the levels of light and noise were, there was an increase in the worker productivity because the workers liked the attention they received by being part of a study.

What is NOT a reason why ERP systems are expensive?a) The software is expensive.d) They need organizational changes and change how people work.b) There is an immense amount of work required to implement. e) They do not require business process redesign.c) There are a variety of covert costs like support, training, and project management.

Answers

Answer:

e) They do not require business process redesign.

Explanation:

Enterprise resource planning is a software management system that aims at unifying data in modern businesses thus ensuring a smooth flow of information. Since ERP's do not require a redesign of the business process, but rather improve on them, they in effect save cost for the organizations.

When ERP's are introduced in businesses, the staff will need to be trained on how to use the software. This training and support will come with financial costs. Also, the software itself costs a lot of money and will change the way the business is run.

Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed, the BLS estimates the unemployment rate in April 2017 would have ________ compared to the measured unemployment rate.

Answers

Answer: C)  almost doubled

Explanation:

The unemployment rate does not include those who were so discouraged from looking for work that they stopped and those who work part-time jobs even though they don't get much pay.

The Bureau of Labor Statistics estimated that in April 2017, if these two groups of people had in fact being included in unemployment statistics, the rate would have almost doubled. This shows that too many people were either not working in the U.S. at that time or they were not working fully.

Keys, Inc. purchased 100 shares of its own common stock for $10 per share. The stock is now classified as ______ stock, a contra equity account, reported on the statement of stockholder's equity.

Answers

Answer:

Treasury Stock

Explanation:

A firm`s purchase of its own stock is known as Treasury Stock. This is a a contra equity account, that is reported on the statement of stockholder's equity.

Calculate the return on investment for an advertisement from the given data. Net sales is $1,000, and advertising cost is $50.

Answers

Answer:

2,000 %

Explanation:

Return on investment for an advertisement = Sales / Advertisement Cost x 100

therefore,

Return on investment for an advertisement = $1,000 / $50 x 100

                                                                        = 2000 %

A department that is evaluated on their success in generating income is a(n): Multiple choice question. asset center cost center investment center profit center

Answers

Answer:

profit center

Explanation:

A department that is evaluated on their success in generating income is a profit center. That which evaluates on revenue is a Revenue Centre. Also that which evaluates on utilization of assets is an Investment Centre and so on.

There are three types of workflows you can create in HubSpot. What are they? Start from scratch, Center on a sales date, and Center on a date property Start from scratch, Center on a marketing date, and Center on a date property Start from scratch, Center on a date, and Center on a date property Start from a contact property, Center on a date, and Center on a date property

Answers

Answer:

The three types of workflows you can create in HubSpot are:

Start from scratch Center on a date Center on a date property

Explanation:

In Hubspot, you create workflows using any of the three methods indicated above.

1. For Start from Scratch workflow types, the activity associated with a workflow  is dependent on when the contacts are entered into the workflow.

An example of a Starch from Scratch workflow is:

Sending an email after new contacts submit an inquiry form in order to follow up.

2. For Center on a date, all workflow actions are related to a specific calendar date that is fixed.

An example could be sending our season's greetings to all the client's contacts.

3. For Center on a date property

An example is sending reminder emails based on a contact's training date.

This method relates to workflow actions that are dependent on the nature of the property of the date relating to a contact.

Cheers

There are three types of workflows that can be created in the HubSpot. They are 1. Start from scratch, 2. center on a date ad 3. center on a date property. So, the correct option matching the query is C.

The workflows in hubspot are very easy and are able to be performed in a synchronized manner and by the way of set standard procedure on the hubspot website.

HubSpot is a website that works in the marketing field using the internet and email applications and integrates the user interface with the user-based history for triggering relevant matches.

Using of this workflow in the HubSpot can help in reducing the possibility of error in marketing. Advertisements can hamper the user experience only with a good interface.

Workflow is basically a term relating to the marketing field where the complete process is automatic and based on computer and artificial intelligence applications to trigger correct emails.

Hence, the correct option of three types of workflows in HubSpot is C- Start from the scratch, center on a date, center on a date property.

To know more about workflow, click on the link below.

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In the above problem, the proposed new branch will _______ overall risk exposure and produce a(an) ______ effect. Fill in the appropriate answers. Group of answer choices increases; economies of scale increases; economies of scope reduces; convergence reduces; geographic diversification

Answers

Answer:

reduces; geographic diversification

Explanation:

In the above problem, the proposed new branch will economics reduces overall risk exposure and produce a geographic diversification effect.

On January 1, Garcia Supply leased a truck for a four-year period, at which time possession of the truck will revert back to the lessor. Annual lease payments are $10,000 due on December 31 of each year, calculated by the lessor using a 5% discount rate. Negotiations led to Garcia guaranteeing a $36,000 residual value at the end of the lease term. Garcia estimates that the residual value after four years will be $35,000. What is the amount to be added to the right-of-use asset and lease liability under the residual value guarantee

Answers

Answer:

Following are the response to the given choice.

Explanation:

A residual value guaranteed                                 36000

Less: Residual value expected                              35000

Difference                                                                   1000                

5%, 5 periods PV Factor                                         0.7835

PV of the amount added                                          $784

Added Amount =                                                        $784

A company had $43 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:

Answers

Answer: The correct procedure is to “debit cash over and short for $43”.

Mr. Capadona would like to purchase a Medicare Advantage (MA) plan and a Medigap plan to pick up costs not covered by that plan. What should you tell him

Answers

Answer: It is illegal for you to sell Mr. Capadona a Medigap plan if he is enrolled in an MA plan, and besides, Medigap only works with Original Medicare.

Explanation:

Since we've the information that Mr Capadona would like to purchase a Medicare Advantage (MA) plan and a Medigap plan to pick up costs not covered by that plan.

Based on the above, he should be told that it is illegal for you to sell Mr. Capadona a Medigap plan if he is enrolled in an MA plan, and besides, Medigap only works with Original Medicare.

Marcia Baker ships orchids and other perishable flowers from her greenhouses near San Francisco to florists thousands of miles away in cities such as New York, Boston, and Philadelphia. Since the flowers must reach the florists as quickly as possible, the best mode of transportation for Marcia to use would be Multiple Choice railroads. trucks. air. ships.

Answers

Answer:

air

Explanation:

San Francisco is located on the SouthWest corner of the United States, while other states such as New York, Boston, adn Philadelphia are located on the NorthEast corner of the United States. This means that the ships are not an option since they would have to go all the way around and would be the longest option. Therefore, the best and fastest option would be through air. Since both railroads and trucks are viable but would take much longer than sending the flowers through air.

To argue that schools should adjust their curriculum so that African, Asian, and indigenous accounts of history be incorporated with equal weight alongside European accounts is to advocate for

Answers

Answer:

racial justice and democracy

Explanation:

I hope this answer will help you! I know the answer because I actually took this test last year.

Advocates for racial justice and democracy will say that schools should change their curricula so that Native American, Asian, and African historical perspectives are given the same weight as European ones.

What is the significance of racial justice?

Prior to the early 1960s, the racial justice of equality was challenging for African, Asian, and Native Americans to achieve equality. Racial equality has, however, recently been included into laws that typically guarantee that everyone has access to equal chances in terms of treatment, education, work, and other facets of life.

It has been demonstrated that racial disparities in educational and economic performance have an adverse effect on the economic security of all Americans, regardless of race, in addition to having an adverse effect on the economic well-being of racial and ethnic minorities.

Therefore, it is racial justice and democracy.

Learn more about the democracy, refer to:

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The government of Diamza recently passed a law making it mandatory for any foreign company that wants to do business in its country to only use raw materials made in Diamza and only hire citizens. This is a type of _____ faced by companies that want to conduct business in Diamza.

Answers

Answer:

Police uncertainty

Explanation:

In the case when the diamza government pased the law that the foreign company wants to do the business so here it only use the raw materials and only hire the citizens so it represent the uncertainty of the police that faced by the companies wanted to conducted the business

So the same should be considered and relevant

Read each item carefully. Write the letter of your answer on the blank before each number.
__1. The process of serving food and beverages.
a. Catering b. Cooking C. Fast and Basic Services d. Food and Beverage Services
2.As an Entrepreneur, in planning to put up a business, a great option or consideration is food business,
why?
a. Food business is very easy to establish.
b. Food business needs short time planning.
c. Food business requires a great amount of capital.
d. Food business gains more profit than any other business.
_3. Refers to a person who starts and owns a business
a.. Entrepreneurship b. Entrepreneur c. Enterprise
d. Entrée
___4. Behaviour of Entrepreneur where he has strong belief in his own abilities
a. Opportunity seeker b. Persistent C. Self-confidence d. Boastful
5. These are behaviours of successful Entrepreneurs.
a. Personal Entrepreneurial Competencies c. Personal Environmental Committee
b. Personnel Enterpreneurial Contingency d. Personal Education Competencies
6. Takes moderate risk and assessing pros and cons.
a. Risk Taking b. Goal settingc. Commitment to the work contract d. SMART
_7. Expresses a concern for satisfying the customers.
a. Persuasion and networking
c. Demand for efficiency and quality
b. Commitment to the work contract
d. Self-confidence
_8. It is the willingness to start a new business?
a. Enterpreneurship b. Entreepreneurship c. Entrepreneurship
d. Enterpreneurship
9. It refers to the money needed for the business?
a. Talent
b. Hobby
c. Interest
d. Capital
10. in a business, the most important resources are?
a. Supplies
b. Technology c. Human
d. Equipment
11. The ability to persuade and convince people to buy his or her products
a. Persistence
c. Persuasion and Networking
b. Risk taking
d. Opportunity seeking
12. Which of the following is not an example of Information seeking
a. Self-confidence
c. Reading books, newspaper, magazine
b. Interviewing experts
d. Seeks new ideas from clients, suppliers
__13. Strives to do things better, faster and cheaper and value excellence.
a. Commitment to the task
c. Demand for efficiency and quality
b. Persuasion and Networking
d. Goal setting
_14. He is responsible for the success of the food and beverages operation and also responsible for
compiling menus.
a. Food and Beverage Manager
c. Restaurant Manager
b. Head waiter/supervisor
d. Station waiter
15. Person who is responsible for all service staff in the restaurant and for all seeing that all preparation,
service and clearing work is efficiently caried out.
a. Food and Beverage Manager
c. Restaurant Manager
b. Head waiter/supervisor
d. Station waiter
_16.An expensive restaurant, where good food is served to people often in a formal way.
a. Coffee shop
c. Function hall
b. Ethnic restaurant
d. Fine dining restaurant
17. Which is not a qualification of a Food and Beverage employee?
a. Reliability b. Sense of humor C. deceptiveness d. Reliability
18. Refers to the science of good health and signifies cleanliness and free from the risk of infectious
diseases.
a. Hygiene
b. exercise
c. health
d. food
19. Which of the following is NOT included in handling a customer complaints




Answers

Answer:

Explanation:

a]Catering

I choose [c] for the question[ 2]

3. [b] Entrepreneur

4. [c] Self Confidence

5. I think it is option [d]

6. [b] goal setting

7.I think it is option [d] Self Confidence

8. [c]Entrepreneurship

9. I think it is [c] or [d]

10.  [C] Human

11.  I don't know

12. [a]

13. [a] or [d]

14.[a]

15. [c]

16.[d]

17.  [c]

18. [a]

Hopes it will helps u

Scenario: TeleToys Inc. TeleToys Inc., a U.S.-based company, recently opened eighteen new toy stores in Brazil, acquired a women's clothing company in Canada, and closed its men's clothing line in Australia. The company has a structure that organizes its global operations into geographic regions.1) Which of the following strategies should TeleToys follow if it wants buyers to perceive its products as unique?A) retrenchment strategy
B) global strategy
C) differentiation strategy
D) low-cost leadership strategy2) Which of the following features is TeleToys least likely to use in order to create a perception of having unique products?A) brand image
B) reputation for quality
C) product design
D) low cost3) TeleToys' organizational structure can best be referred to as a(n) ________ structure.A) international division
B) global product
C) global matrix
D) international area

Answers

Answer: 1. Differentiation strategy

2. Low cost

3. International area

Explanation:

1. Differentiation strategy

The strategy that TeleToys should follow if it wants buyers to perceive its products as unique is differentiation strategy. This will help in distinguishing the product from others and make it standout and have a competitive edge over others.

2. Low cost

The feature that TeleToys is least likely to use in order to create a perception of having unique products is low cost.

It should be noted that the brand image, reputation for quality and product design will give the product and edge and make it unique.

3. International area

TeleToys' organizational structure can best be referred to as an international area structure since the activities of the multinationals are organised around specific areas.

Project scope statements must include the project boundaries, constraints, and assumptions. Group of answer choices True False

Answers

Answer:

True

Explanation:

A project scope statement can be regarded as a statement that give out well detailed description as regards the the work which is needed to be done so that the output of a project can be delivered on agreed time period as well as within the allotted budget.

scope statement usually gives the outlines of the entire project as well as

any deliverables, it do entails list of stakeholders within the scope. The writting is usually done by project manager. It should be noted that Project scope statements must include the project boundaries, constraints, and assumptions.

The Federal Reserve mandates banks to deposit a certain percentage of their ______ as required reserves at their regional Federal Reserve Bank.

Answers

Answer:

deposits

Explanation:

What might happen if borrowers miss scheduled mortgage payments, fail to pay property taxes, or allow the property to fall into disrepair

Answers

Answer:

Authorize the property to deteriorate.

Explanation:

Example - Borrowers may suffer loan default if they fail to pay real estate taxes, allow their property to deteriorate, or miss regular mortgage payments.

Borrowers may suffer loan default if they skip regular mortgage payments, fail to pay real estate taxes, or allow the properties to fall into disrepair.

Mismanaged project management can lead to _____ of wasted dollars (USD) every year for organizations around the world.

Answers

Answer: $2 trillion

Explanation:

Research shows that organizations around the world waste around $1 million every second due to them being unable to efficiently implement business strategy.

When added up, this brings the estimate to about $2 trillion every year which is almost half of the U.S. Federal budget in 2020. It is therefore important that companies prioritize efficient management and use of resources so that less money is wasted.

A low-cost leader can translate its low-cost advantage over its rivals into superior profit performance by

Answers

Answer:

either using its low-cost edge to underprice competitors and attract price sensitive buyers in large enough numbers to increase total profits or refraining from price-cutting and using the low-cost advantage to earn a bigger profit margin on each unit sold.

Explanation:

Competitive advantage is the edge that a firm has over others in the same industry that results in higher profit margins for them.

One of the importance competitive advantages is price advantage.

This results from the firm being a low cost leader. Their cost of production is low enough for them to attract customers that are price sensitive leading to increased profits.

Also they can underprice their competitors or earn profit margins on the reduced cost of production per unit

Answer:

The low-cost leader can try to underprice the rest of the competition in order to attract more customers. Lower prices should increase total sales volume which will help to increase profits by offsetting fixed costs and increasing the total contribution margin. This strategy can be used as long as the firm is able to produce under economies of scale.

Explanation:

Wardsworth, Inc., manufactures and sells two products: Product I9 and Product Z9. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product I9 700 6.0 4,200 Product Z9 900 8.0 7,200 Total direct labor-hours 11,400 The direct labor rate is $26.00 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit Product I9 $ 226.10 Product Z9 $ 151.20 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Activity Measures Estimated Overhead Cost Expected Activity Product I9 Product Z9 Total Labor-related DLHs $ 463,980 4,200 7,200 11,400 Machine setups setups 9,814 300 400 700 Order size MHs 105,792 4,400 4,300 8,700 $ 579,586 The unit product cost of Product I9 under the company's traditional costing method in which all overhead is allocated on the basis of direct labor-hours is closest to: (Round your intermediate calculations to 2 decimal places.) rev: 03_25_2018_QC_CS-119201 Multiple Choice $466.22 per unit $626.30 per unit $687.14 per unit $455.06 per unit

Answers

Answer:

Predetermined overhead rate = Estimated overhead / Estimated direct labor hour

Predetermined overhead rate = $579,586 / 11400

Predetermined overhead rate = $50.84 per direct labor hour

            Unit Product cost - Z9

Particulars                      Per unit cost

Direct material                   $151.20

Direct labor (8*$26)           $208.00

Overhead (8*$50.84)        $406.72

Unit Product Cost            $765.92

When Target decides the number and locations of warehouses it needs to build and operate, it is addressing the _______ element of the marketing mix.

Answers

Answer:

"Distribution" is the correct answer.

Explanation:

Disseminate such a big amount of the commodity upon the marketplace so that others may acquire the products before purchasing something that, could be defined as Distribution.It also includes the location as well as the configuration of anything inside or between individuals throughout higher dimensions.

Thus the above is the correct answer.

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