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

Business

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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.

Business

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

Business

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

Business

Why is Mr. Caywood interested in call protection?

What will be an ideal response?

Business