Crazy Ink Printing Services has a balance in Prepaid Insurance on December 31, 20--, of $1,080 . This balance represents a nine-month liability insurance policy. Assuming 5 months has expired, the adjusting entry would involve a
a. debit to Insurance Expense, $120.
b. credit to Prepaid Insurance, $600 .
c. debit to Prepaid Insurance, $600 .
d. debit to Insurance Expense, $1,080.
b
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Resellers differ from producers in that resellers significantly alter the form of goods they sell.
Answer the following statement true (T) or false (F)
Highland, Inc, an engineering firm, uses a job order costing system to accumulate client-related costs
The predetermined overhead allocation rate is 40% of staff labor cost. The work by engineers is charged to jobs at a rate of $32 per staff labor hour. A recent job for a client used 70 staff labor hours. How much was the total job cost? A) $896 B) $2,240 C) $3,136 D) $28
You are a senior sales and marketing analyst for a major retailing firm in Wisconsin. The marketing manager just stopped by your office with a very frustrated look on her face. She tells you that she is confused as to why, every time the company raises the sales price of its products, total revenue for the company declines.Based on this information, which of the following explanations do you give her for why this situation occurs?
A. The demand for the company's products is inelastic, so total revenue declines when prices are raised. B. The demand for the company's products is elastic, so total revenue declines when prices are raised. C. The demand for the company's products is elastic, so unit sales increase when prices are raised. D. The demand for the company's products is inelastic, so unit sales increase when prices are raised. E. The demand for the company's products is elastic, so fixed costs increase when prices are raised.
Which of the following is not one of the methods used by traditional retailers to develop omni-channel integration?
A) online Web catalog B) online order, in-store pickup C) online supply-push D) online promotions for offline purchases