The balance of the Prepaid Insurance account at the beginning of the year totaled $325 . During the year, policies were purchased at a total cost of $1,350 . If the unexpired balance of the policies at the end of the year totals $1,000, what amount will be charged to the Insurance Expense account?
a. $1,650
b. $2,350
c. $25
d. $675
e. None of the above
d
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JBJ Sports is a leading sporting goods manufacturer from Atlanta. It has recently initiated a program in association with the Food4Kids Foundation, which raises funds to promote nutritional awareness of young children
The company plans to donate $1 for every item it sells in the North American market. Also, JBJ has roped in professional sports teams associated with it to wear the Food4Kids logo on their team gear. Which of the following best describes the motivation for JBJ's involvement in the program? A) entertaining key clients or rewarding key employees B) expressing commitment to the community or on social issues C) permitting merchandising or promotional opportunities D) stimulating quicker or greater purchase of particular brands E) identifying with a particular target market or lifestyle
To Tom’s dismay, Ron at the Taco shack is not selling many tacos. Tom thinks that Ron is lazy and not working hard enough, and Ron thinks his lack of sales is due to working the slow shifts. Both Tom and Ron are looking at the same situation. Explain how they can have different ideas in terms of attribution theory.
What will be an ideal response?
Financial Accounting Concepts establish generally accepted accounting principles
Indicate whether the statement is true or false
High-end luxury brands like Bentley for cars, Louis Vuitton for handbags, and Rolex for watches use ________ distribution, giving a limited number of dealers the sole right to sell products in a specified geographic territory
A) inclusive B) horizontal C) intensive D) exclusive E) vertical