Use this information pertaining to Tucson Company to answer the following question. 1. The corporation's Supplies account showed a beginning debit balance of $400 and supplies purchased of $1,600. There were $600 of supplies on hand at year end. 2.Depreciation on a building is estimated to be $10,000. 3.A one-year insurance policy was purchased for $4,800. Five months have passed since the
purchase. 4.Accrued interest on a note receivable amounted to $200. 5.The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-third of the services had been performed. The adjusting entry for the insurance policy is
A) Prepaid Insurance 2,800Insurance Expense 2,800
B) Insurance Expense 2,800Prepaid Insurance 2,800
C) Prepaid Insurance 2,000Insurance Expense 2,000
D) Insurance Expense 2,000Prepaid Insurance 2,000
D
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A firm determines that its IRR for a new product is 12%. For which discount rate does it make sense to develop the product?
a. 9% b. 13% c. 15% d. 20%
A closed-end credit account
A) is limited to purchases of less than $1,000. B) establishes an ongoing line of credit covering future purchases. C) must be fully repaid by the end of the billing cycle. D) covers a single purchase with a set repayment schedule.
Many families enjoy watching college football bowl games on ______
A) ?New Years' Day B) ?New Years Day C) New Year's Day
Determine the sensitivity range for each objective function coefficient
Max Z = 3x1 + 3x2 Subject to: 10x1 + 4x2 ? 60 25x1 + 50x2 ? 200 x1, x2 ? 0