The Prepaid Insurance account had a $1,450 balance at the end of January and a $1,000 balance at the end of February. Insurance expense for February was $600 . How much cash was paid for insurance during February?
a. $1,850
b. $150
c. $1,050
d. $600
b
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Which of the following statements is true about a 360-degree appraisal?
A. Often, the person being rated can select the appraisers. B. It often misses qualities that other appraisal methods capture. C. It involves using a single source for appraisal information. D. Its objective is to provide a basis for administrative decisions. E. Usually, feedback is obtained only from top level managers.
Fred and Barney started a partnership. Fred invested $10,000 in the business and Barney invested $18,500. The partnership agreement stipulated that profits would be divided as follows: Each partner would receive a 14% return on invested capital with the remaining income being distributed equally between the two partners. Assuming that the partnership earned $24,000 during an accounting period, the amount of income assigned to the two partners would be: Fred BarneyA.$8605? $7415? B.$10,000? $14,000? C.$12,000? $12,000? D.$11,405? $12,595?
A. Choice A B. Choice B C. Choice C D. Choice D
The vast majority of entrepreneurs desire to go into a business where they already have some
prior experience. Indicate whether the statement is true or false
Why is Mr. Caywood interested in call protection?
What will be an ideal response?