Amir Designs purchased a one-year liability insurance policy on March 1st of this year for $5,400 and recorded it as a prepaid expense. Which of the following amounts would be recorded for insurance expense and prepaid insurance during the closing process at the end of Amir's first month of operations on March 31st?
A) $5,400.
B) $540.
C) $450.
D) $500.
C
You might also like to view...
Field Grocery wants to learn the strengths and weaknesses in customer service at all the Field Grocery stores. Which of the following methods can it use for this?
A) group buyers B) buyer brokers C) mystery shoppers D) personal shoppers E) buying agents
Social judgment skill is similar to ______.
A. sociability in trait approach B. Katz’s human skill C. Katz’s technical skill D. knowledge in Mumford’s model
Why is it important for all business planning to be integrated?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. The star or all-channel communication network is the most centralized of the communication network shapes. 2. The grapevine is always negative. 3. E-mail has become a primary mode for communication in organizations. 4. The words spoken convey the highest percentage of meaning when it comes to face- to-face communication. 5. When experiencing unfair treatment at work, employees will keep silent about half of the time.