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SVEN [57.7K]
1 year ago
9

Vaughn Manufacturing's prepaid insurance was $197000 at December 31, 2021 and $90300 at December 31, 2020. Insurance expense was

$62000 for 2021 and $55000 for 2020. What amount of cash disbursements for insurance would be reported in Vaughn's 2021 net cash provided by operating activities presented on a direct basis?
Business
1 answer:
Zina [86]1 year ago
8 0

Answer:

Cash disbursements for insurance would be $ 168,700.

Explanation:

In accrual based accounting expenses are recorded when they are incurred. The payment against item purchased does not make it qualified to be recorded as expense. Any advance payment made is recognize as asset untill performance obligation has been completed. So in order to determine amount of payment we will use following accounting equation.

Payments = Prepaid current period + expenses - opening prepaid balance

Payments = 197,000 + 62,000 - 90,300 = $ 168,700

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Cad Cream Inc, an ice cream company, has collaborated with Bite Snack Inc, a food manufacturing company, to come up with a third
tangare [24]

Answer:

A) Joint Venture

Explanation:

Based on the scenario being described within the question it can be said that in this context, Cream Bite Inc. is a Joint Venture. This is a business term that refers to an arrangement between two parties in which both combine their resources in order to meet an agreed upon goal in a more efficient manner and in a much smaller time-frame than if they were to do it separately.

5 0
2 years ago
Read 2 more answers
Lisa Simpson, age 8 genius, deposits $100 today and plans to continue making additional deposits of $100 at the end of each quar
alukav5142 [94]

Answer: $8,009.3

Explanation:

Given that,

Deposits(P) = $100 today (Annuity amount)

Additional deposits = $100 end of each quarter for the next 13 years

nominal annual rate = 6% compounded annually

Quarterly\ rate(r) = \frac{0.06}{4}

                               = 0.015

No. of deposits (n) = 53

Payments are made at end of quarter. So future Value of annuity formula will become applicable.

Future value of annuity due = P\times\frac{(1+r)^{n}-1}{r}

                                                            = 100\times\frac{(1+0.015)^{53}-1}{0.015}

                                                            = 100 × 80.09

                                                            = $8,009.3

Therefore, she will have $8009.38 for her trip.

5 0
2 years ago
Urgency, specific application, and size of order are examples of ________ segmentation variables for business markets.a. Situati
taurus [48]

Answer:

Letter a is correct. <u>Situational factors.</u>

Explanation:

Situational factors are defined as the set of temporary environmental factors that will influence consumer behavior in the purchasing process.

These may include:

  • <u>the physical environment:</u> physical characteristics that influence purchase such as the organization and size of space.
  • <u>the social environment:</u> influence of consumption by other people.
  • <u>the task:</u> convenience of purchase for some reason.
  • <u>the time:</u>  time the person has to make a purchase.
  • <u> antecedent psychological states:</u>  spirit and psychological states that influence people to buy.
4 0
2 years ago
A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra va
SpyIntel [72]

Answer:

If the number of male and female buyers is the same, then the best pricing strategy is to offer 2 different microwaves (option 3). One simple and cheap microwave for men and one with auto-defrost for women.

Explanation:

If most buyers were women (significantly higher), then option 2 would be better, since $121 per microwave is a much higher price and even though total sales numbers may not be maximized, profits will probably be maximized.

If most buyers are men, then option 1 would be probably better, depending on the proportion of male vs female buyers.

3 0
1 year ago
A townhouse is purchased for $475,000. If the transfer tax is $2.00 on the first $1,000. and $0.10 for each additional $100., ho
masya89 [10]

Based on the information given the amount of the transfer taxes is $476.

Using this formula

Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax

Let plug in the formula

Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2

Total transfer tax = ([$474,000 x .001] + $2)

Total transfer tax=$474+$2

Total transfer tax=$476

Inconclusion the amount of the transfer taxes is $476.

Learn more here:brainly.com/question/17122829

5 0
1 year ago
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