Diablo Company reported the following information for 2011 and 2012: Prepaid insurance, December 31, 2011 $14,000 Prepaid insurance, December 31, 2012 11,500 Insurance expense--2012 25,200 How much cash was paid for insurance during 2012?
A) $22,700
B) $27,400
C) $39,200
D) $36,700
A
You might also like to view...
Higgins willfully and maliciously set fire to his neighbor's garage. The branch of law that would govern Higgins' action is
a. moral law. b. criminal law. c. the law of equity. d. administrative law.
DeFeet InternationalDeFeet International started as a cyclist sock company. The founder, Shane Cooper, said that the existing socks for cyclists were just not of great quality so he made socks for his cycling team by knitting them inside out. The socks were of special materials aimed at giving the cyclist the most comfortable fit. These socks were not the traditional white socks but bright, bold, and flashy colored socks with cool graphics. These high tech socks were priced around $10 a pair. Their web site says "DeFeet is Made for Driven Soles." Soon cycling elites like Lance Armstrong and Greg LeMond were sporting the DeFeet brand. The company branched into running, hiking and snow gear. Their products include socks, armskins, calfskins, boxer briefs, gloves, and shirts for the serious
athlete. They also have a custom department where socks, armskins, and gloves can be customized with any motif including sponsor types of logos like Michelin, Pabst Blue Ribbon, or BP. Even kids can enjoy DeFeet's high quality socks. DeFeet's products can be found in retailers across the world, in more than twenty countries, like Israel, Australia, Belgium and the United States. More than two-dozen online retailers also carry their products.Refer to DeFeet. DeFeet's _____ is high-tech apparel, the packaging it comes in, the brand name, company image and value. A. product B. place C. price D. promotion E. position
B is debating purchasing a small duplex for rental purposes. Explain to B associated tax benefits
JEMS Enterprise buys wooden furniture, such as tables and chairs, from a furniture manufacturer and sells them to government schools. In this scenario, JEMS Enterprise is a _____.
A. broker B. producer C. wholesaler D. retailer