A relatively small team of people who collaborate on the same project is called a:

As of December 31, Plush has not recorded any insurance expense for the year. The only insurance policy it owns is the one purch

konstantin123 [22]

Answer:

Debit Insurance expense $10,000

Credit Prepaid Insurance $10,000

Being entries to recognize insurance expense for the period (August to December).

Explanation:

Given;

Insurance policy was purchased on July 10 to run for 3 years.

Cost of policy = $72,000

Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)

Monthly depreciation = $72,000/(3 × 12)

= $2,000

Total amortization between August and December = 5 × $2,000

= $10,000

Journal entries

Debit Insurance expense $10,000

Credit Prepaid Insurance $10,000

Being entries to recognize insurance expense for the period (August to December).

7 0

2 years ago

In most high-tech industries, the fixed costs of developing a product are very _____, and the costs of producing one extra unit

topjm [15]

Answer:

Fixed costs are high, variable costs are low

Explanation:

The reason is that the fixed costs are high because these fixed costs are uncontrollable and their might not be an alternative which means we have to move with higher fixed costs. And this is because most of tasks in manufacturing are handled by the machines not humans. So the cost of maintenance, depreciation, etc are fixed costs which are uncontrollable.

Furthermore, the company has very small variable costs because the company enjoys economies of scales, fast paced manufacturing machines, etc. And this is controllable by investments in another more robust machinery.

7 0

2 years ago

Respectively, Accounts Receivable, Salary Expense and Salary Payable are: A. all permanent accounts. B. permanent, temporary,

viktelen [127]

Answer:

B. permanent, temporary, and permanent accounts

Explanation:

Having in mind the closing of accounts at the end of the accounting year, the difference between permanent and temporary accounts is the following:

- Permanent accounts are the ones that are not closed at the end of the account year; instead, their balance is moved to the following year, as the starting balance. Asset accounts which are permanent are: Accounts receivable, Investment, Equipment, Cash, while the permanent Liability accounts are Accounts payable, Salary Payable, Utilities Payable...

- Temporary accounts always start with zero balance when the accounting year begins. The balance at the end of the year is handled by moving it to another account. All sorts of revenues and expenses belong to this account category.

6 0

2 years ago

Della's Pool Halls has 12,000 shares of stock outstanding with a par value of $1 per share and a market price of $39 a share. Th

iogann1982 [59]

Answer:

16,000 shares will be outstanding.

Explanation:

Given;

Number of outstanding stocks = 12,000

par value per share = $ 1

Market price per share = $ 39

stock split = 4 for 3 i.e the stockholders will receive 4 shares if they are having 3 shares.

or by using the concept of unitary method

3 existing shares = 4 shares will be issued.

or

1 existing share = ( 4/3 ) shares will be issued.

thus,

for 12,000 existing shares = (4 / 3 ) × 12,000 shares will be issued.

or

12,000 existing shares = 16,000 shares will be issued.

hence,

16,000 shares will be outstanding.

7 0

2 years ago

3. Ito'y tumutukoy sa programa ng pamahalaan sa kalusugan na

9966 [12]

Answer:

Health insurance Ata yan bhie33

4 0

2 years ago