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wlad13 [49]
2 years ago
15

On July 1m 2017, Ling Co. pays $12,400 to Marsh Insurance Co., for a 2-year insurance contract. Both companies have fiscal years

ending December 31.
For Ling Col journalize the entry on July 1 and adjusting entry on December 31,

Date Account Title and Explanation Debit Credit
Business
1 answer:
Ronch [10]2 years ago
6 0

Answer:

Journal entries

Explanation:

The journal entries are as follows

On July 1

Prepaid insurance Dr $12,400

     To Cash $12,400

(Being the payment is recorded)

On December 31

Insurance expense Dr $3,100

    To Prepaid insurance $3,100

(Being the insurance expense is recorded)

It is computed below:

= $12,400 × 6 months ÷ 24 months

= $3,100

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If a store manager only hires shift supervisors who have a four-year college degree, even though experienced cashiers without a
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Bias may be occurring.  Bias is basically thinking someone is better than another person due to one factor, without even knowing the person.  In this instance, the store manager is only hiring shift supervisors who have a degree, rather than an experienced cashier without a degree.  The bias here is dependent on the employee's educational history.  The manager may think that even though the cashiers are great, they still may not have the qualifications that one would pick up in college. 
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1 year ago
Which loan created a habit where the borrower kept coming back to request an extension?
Anna35 [415]

Answer:

Extension proposals are not rare because of the buyer's perspective of bridging finance as well as the explanations for both the requirements can indeed be broad. The much more common explanations are.  

Explanation:

  • It has required longer than planned to secure planning approvals.
  • When a transaction has been negotiated, the borrower awaits an exchange of contracts.
  • Additional resources as well as time are needed by the creditor to accomplish his project.
  • Refurbishment analysis was suddenly postponed.
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4 0
1 year ago
What should tom notice about the cholesterol content of these foods?
pentagon [3]

Given:

Canned salmon without bones or skin: 2 oz, Calories 60, total fat 0.5 grams, saturated fat 0 grams, trans fat 0 grams, cholesterol 20 milligrams, protein 13 grams. <span>

Cheddar cheese: 1 oz, Calories 110, total fat 9 grams, saturated fat 5 grams, trans fat 0 grams, cholesterol 30 milligrams, protein 7 grams.

Lite Havarti cheese: 1 oz, Calories 80, total fat 4 grams, saturated fat 3 grams, trans fat 0 grams, cholesterol 15 milligrams, protein 8 grams. 

Pepperoni: 10 slices, Calories 130, total fat 11 grams, saturated fat 4.5 grams, trans fat 0 grams, cholesterol 30 milligrams, protein 7 gram.

Peanut butter: 2 T, Calories 200, total fat 15 grams, saturated fat 3 grams, trans fat 0 grams, cholesterol 0 milligrams, protein 9 grams. 

Egg: 1 whole, Calories 80, total fat 5 grams, saturated fat 1.5 grams, trans fat 0 grams, cholesterol 200 milligrams, protein 7 grams.

Sliced deli roast beef: 2 oz, Calories 80, total fat 2 grams, saturated fat 0.5 grams, trans fat 0 grams, cholesterol 25 milligrams, protein 13 grams. </span>

 

<span>Tom noticed that all these foods contains high cholesterol, such as:

Canned salmon without bones or skin cholesterol 20 milligrams</span>

Cheddar cheese cholesterol 30 milligrams

Lite Havarti cheese cholesterol 15 milligrams

Pepperoni cholesterol 30 milligrams

Egg cholesterol 200 milligrams, and;

<span>Sliced deli roast beef cholesterol 25 milligrams</span>

6 0
2 years ago
When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging d
pishuonlain [190]

Answer:

When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging dog ate, she stopped at the supermarket and bought a case of Alpo Beef Chunk Dinner dog food. She used habitual decision making process to replenish her stock of can.

Explanation:

As we have seen that Terry feeds her dog with only Alpo Beef Chunk, she don't consider any other option, product and brand, therefore, she needs very less search and almost no evaluation of any other option available in this product category. In this kind of decision making consumers needs very less information about the product because they know what they are going to purchase and they are very less bothered about the other options. Consumers feel almost no frustration in searching for the information and looking into the shelves for the other brands, they just go straight to the racks and pick their products up. Consumers saves their time by using this kind of decision making. In this kind of decision making, human brain form certain patterns, develop habits and therefore, saves energy.

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