Use the information provided to calculate the cash paid for insurance for the periodPrepaid insurance, beginning-year$ 7,000Insurance expense16,800Prepaid insurance, year-end3,400Cash paid for insurance$
What will be an ideal response?
| Insurance expense | $ 7,000 |
| Decrease in prepaid insurance ($7,000 - $3,400) | (3,600) |
| Cash paid for insurance | $ 13,200 |
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Davis Corp invested cash in a 9-month certificate of deposit (CD) on October 1, 2015 . If Davis has an accounting period which ends on December 31, 2015, when would it most likely recognize interest revenue from the CD?
a. On December 31, 2015 only b. On July 1, 2016 only c. Both Dec. 31, 2015 and July 1, 2016 d. On October 1, 2015
How may the delphi technique be useful in the context of environmental scanning? Give an example.
What will be an ideal response?
Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 75,000 units of basic, 420,000 units of classic, and 120,000 units of deluxe. Bricktan has limited production capacity of 90,000 hours. It can produce 10 units of basic, 8 units of classic, and 4 units of deluxe per hour. Contribution margin per unit is $15 for the basic, $25 for the classic, and $55 for the deluxe. What is the total contribution margin if Bricktan chooses the most profitable sales mix?
A. $9,700,000. B. $15,500,000. C. $8,000,000. D. $12,800,000. E. $18,225,000.
For statistical tests of significance about the coefficients, the null hypothesis is that the slope is 1
Indicate whether the statement is true or false