Use the information provided to calculate the cash paid for insurance for the periodPrepaid insurance, beginning-year……………………$7,000Insurance expense……………………………………..?16,800Prepaid insurance, year-end…………………………...?3,400Cash paid for insurance………………………………..$_______???
What will be an ideal response?
? | Insurance expense……………………………………........... | $ 16,800 |
? | Decrease in prepaid insurance ($7,000 ? $3,400)…………… | (3,600) |
? | Cash paid for insurance………………………………........... | $ 13,200 |
? | ? | ? |
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In a process cost system, how is the unit cost affected in a production cost report when materials are added in a department subsequent to the first department and the added materials result in additional units?
a. It causes an increase in the preceding department's unit cost that necessitates an adjustment of the transferred-in unit cost. b. It causes a decrease in the preceding department's unit cost that necessitates an adjustment of the transferred-in unit cost. c. It causes an increase in the preceding department's unit cost but does not necessitate an adjustment of the transferred-in unit cost. d. It causes a decrease in the preceding department's unit cost but does not necessitate an adjustment of the transferred-in unit cost.
An oral agreement to purchase a neighbor's bicycle for $250 is a(n) ________ contract.
A. void B. voidable C. implied D. express
Operating systems control _____ memory, which refers to hard disk space that is used when RAM is full.
Fill in the blank(s) with the appropriate word(s).