An increase in prepaid insurance is subtracted from net income because

a. it includes the impact of increasing cash and increasing net income.
b. the company paid additional premiums this period in excess of the insurance expense recorded on the income statement.
c. insurance expense decreased net income; however, cash was not paid. The prepaid insurance account was decreased rather than cash.

Answers

Answer 1

An increase in prepaid insurance is subtracted from net income because insurance expense decreased net income; however, cash was not paid. The prepaid insurance account was decreased rather than cash.

Prepaid expenses are not initially recorded on an income statement. It is recognised on the account income statement. When paid, prepaid insurance premiums are deductible as long as they do not apply to a period that extends more than 12 months after the end of the taxable year in which they were made. If the insurance contract is for a longer period of time, the deduction must be taken over time. The prepayment is recorded as an asset on the company's balance sheet.

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Related Questions

Felipe's uncle owns a large manufacturing business with offices in three states. This type of business would BEST be described as what?

Answers

The type of business that the uncle is said to have would be described as an entrepreneurial business.

What is an entrepreneurship?

This is used to refer to the business that is owned by a single person. This person is called the entrepreneur who gets to enjoy either the profit or the loss that may occur in the business that he is operating.

The question says that the uncle has a chain of these businesses across three states, we can say that the uncle is an entrepreneur.

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Answer: corporate

Explanation:  it has three locations in different states, which gives it a wide range of clients.

QUICKLY PLEASE ITS TIMED!!!!
Which of the following approaches measures team performance by the team's ability to meet specific, predefined goals
O the results approach
the behaviors/process approach
the goals approach
the outcome approach

Answers

Answer:

the results approach.

Explanation:

This is because this approach emphasises on the results and outcomes produced by the team.

The approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.

What is result approach?

Result approach is a performance evaluation approach and can be defined as the type of approach that is used to determine a person perfomance based on the outcome of their tasks.

Most companies tend to make use of result approach to know how well an employee perform on the tasks they are assigned especially when the employee meet or achieved the set goals.

Therefore  the approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.

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of the four metrics for product-related tactical success, __________ is the only one not expressed in percentage terms.

Answers

Of the four metrics for product-related tactical success, customer satisfaction is the only one not expressed in percentage terms.

The four metrics for product-related tactical success typically include:

Market share: This metric measures the company's sales or revenue as a percentage of the total market sales or revenue. It helps determine the company's market position and competitive strength.

Sales growth: This metric measures the percentage increase in sales over a specified period. It indicates the company's ability to generate revenue and capture market demand.

Profit margin: This metric measures the percentage of profit earned on each unit of sale. It reflects the company's efficiency in cost management and pricing strategies.

Customer satisfaction: This metric assesses the level of satisfaction or happiness expressed by customers regarding the company's products or services. It is typically measured using surveys or feedback and is not expressed in percentage terms but rather through ratings, scales, or qualitative measures.

While market share, sales growth, and profit margin are expressed in percentage terms, customer satisfaction is evaluated using different metrics that focus on qualitative assessments of customer experiences and perceptions.

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In addition to (1) the commonly accepted name and (2) any special warnings, what is the third piece of essential information needed on the label of all stock solutions

Answers

In addition to (1) the commonly accepted name and (2) any special warnings, the third piece of essential information needed on the label of all stock solutions is the date and the name of the person who made it.

What are the uses of the stock solutions?

Stock solutions are used to speed up the preparation process, conserve resources, free up storage space, and increase the precision with which working different concentration solutions are made.

It is important to mention essential information on the label of stock solutions to avoid any hazardous event and to ensure the safety of the user.

Therefore, the date and the name of the person are included on the label.

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A chicken farmer can produce one crate of eggs at a cost of $9. 86, and can sell that crate for $34. 24. If the farmer has a starting overhead cost of $7,312, not including production costs, how many crates must be sold in order to realize a profit of $11,300, to the nearest crate? a. 164 b. 330 c. 463 d. 763.

Answers

Based on the equation used, the number of crates that must be sold in order to realize the profit is 763 crates.

Let the number of crates be represented by x.

Based on the information given, the equation to solve the question will be:

(34.24 × x) - (7312 + 9.86x) = 11300

34.24x - 7312 - 9.86x = 11300

34.24x - 9.86x = 11300 + 7312

24.38x = 18612

x = 18612 / 24.38

x = 763

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What are the most helpful qualifications for Health Informatics careers? Check all that apply.
laboratory skills
leadership
computer skills
organizational skills
teamwork
creativity

Answers

Answer:

he is right

Explanation:

The most helpful qualifications for Health Informatics careers include computer skills and organizational skills. Therefore, options C and D are correct.

Computer skills are a key qualification in Health Informatics careers as they involve working with various software applications and systems used in healthcare data management and analysis.

Proficiency in computer skills allows professionals to effectively navigate electronic health records, data analytics tools, and health information systems.

It involves knowledge of database management, programming languages, data visualization, and understanding the technical aspects of healthcare IT infrastructure.

Possessing strong computer skills enables Health Informatics professionals to efficiently process, analyze, and interpret healthcare data to support decision-making, improve patient care, and enhance operational efficiency in healthcare organizations.

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Sasha has the new responsibility of initiating strategies that would help safeguarding her company against recession. She conducts a meeting with all the employees in which she explains how she would go about implementing her plans. She also motivates and encourages employees to follow through with her plan. Sasha is a ________.

Answers

Answer:

Strategic leader

Explanation:

Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.

A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.

Generally, leaders use their powers to get other people to follow them. Some forms of power result from a formalized position in the organization while others are derived from personal characteristics or knowledge.

A strategic leader refers to an individual that utilizes strategy in the management of people without the use of threats and force to make them follow.

In this scenario, Sasha is a strategic leader because she motivates and encourages the employees to follow through with her plan.

martha has been a sports enthusiast from a very early age. After she finished her college education, she started a small sports equipment shop. She has a lot of knowledge about the products that she sells and is doing well as a first-time entrepreneur. Which statement is most appropriate for Martha's situation? A) she lacks control over her business. B) she finds the business exciting because it relates to her interests and hobbies. C) she enjoys the idle time that spends at work. D) She does not take her work seriously because it is sports related.​

Answers

Answer:

Answer is B

Explanation:

Martha is already familiar with the field she's venturing into. She's passionate about what she does thus, this can be convenient when you have a clear background or experience of the business you want to establish

Many businesses optimize their website to incorporate a ______ with simplified navigation to accommodate smartphones and tablets.

Answers

Many businesses optimize their website to incorporate a mobile-first strategy with simplified navigation to accommodate smartphones and tablets.

What is the importance of the "mobile first" strategy?

The "mobile first" principle, in other words, plays a significant role in product design. On the one hand, it increases designers' efficiency and helps to shorten the product design process. On the other hand, it makes product content a more important consideration for designers, which helps them produce clean and useful designs.

What does a "mobile first" strategy mean?

A "mobile-first" strategy entails designing a desktop site first for mobile, and then adapting it for larger screens. Instead of starting with a desktop site and then adapting it for smaller screens, as is the norm.

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what learning options can i take part in during high school?​

Answers

Depends on what you mean by learning options in my school I am currently taking classes such as Forensic, Intro to business, Marketing, Sociology, British and world lit., Geometry. It depends on what grade you are in and if your school is k-12 then your more likely to have these types of classes with students ranging from 9-12 grade. I hope this helped!

FOOD;

1.how to reduced food?
2.how to reused food?
3.how to recycled food?


WATER;
1.how to reduced water?
2.how to reused water?
3.how to recycled water?


please ​

Answers

Godisgood04 all the time in

Which of the following is not a way to finance your new business.

A. loans from family/friends

B.your own money

C.loan from a bank

D.sweat equity

Answers

Answer:

sweat equity

Explanation:

Hope this helps! Can I have the crown thingy

3. Explain the political, economic, socio-cultural, legal, and
cultural factors that could impact the sales and marketing plan of
The American Eatery "Super Donuts" in the Canadian market.

Answers

The factors that could impact the sales and marketing plan of The American Eatery "Super Donuts" in the Canadian market are explained below :Political factors: It is the responsibility of the government of Canada to oversee the establishment of new businesses in the country.

The Canadian government has the power to regulate food imports and exports in the country. The American Eatery must ensure that they adhere to the Canadian food safety regulations. Economic factors :The Canadian economy has been experiencing slow growth in recent years, and this has led to a decrease in the spending power of the average Canadian consumer. This can affect sales of Super Donuts. Socio-cultural factors: Canada is a diverse country with different cultures and religions. Some cultures in Canada may not consume certain types of food, such as pork, and it is important for The American Eatery to be aware of this. It is also important to note that some cultures may prefer sweet pastries while others may prefer savory options .Legal factors :The Canadian government has strict regulations when it comes to food labeling and packaging. The American Eatery must ensure that their products are properly labeled and meet all Canadian food safety regulations .Cultural factors :The Canadian food industry is highly competitive, and it is important for The American Eatery to understand the cultural differences that exist between Canada and the United States. They must take into consideration Canadian cuisine and adapt to the local tastes and preferences of Canadian customers.

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imagine inflation expectations are adaptive. a country had an inflation of 20% last year. the slope of the phillips curve is 1/2. cost-push shocks are zero. how much must short-run output be to bring inflation to 2%?

Answers

In order to bring inflation down to 2% in a country with adaptive inflation expectations, given an inflation rate of 20% last year and a Phillips curve slope of 1/2, the short-run output must be reduced by 36%.

In the Phillips curve framework, the relationship between inflation and output is described by the equation: inflation = expected inflation + (slope of the Phillips curve) * (output gap). Since we want to achieve an inflation rate of 2%, and assuming adaptive inflation expectations, we can substitute the values into the equation: 2% = expected inflation + (1/2) * (output gap). Given that the inflation rate last year was 20%, we can subtract this from the target inflation rate to find the expected inflation: expected inflation = 2% - 20% = -18%. Rearranging the equation, we can solve for the output gap: output gap = (expected inflation - target inflation) / (slope of the Phillips curve) = (-18% - 2%) / (1/2) = -36%. This means that the short-run output must be reduced by 36% to bring inflation down to 2%.

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Assume the average annual CPI values for 2017 and 2018 were 207.3 and 215.3, respectively. What was the percent increase in the CPI between these two years

Answers

Answer:

quizlet answers

Explanation:

here

You deposit $1,475 today in a savings account that pays 6% interest, compounded annually. How much will your account be worth at the end of 25 years?

Answers

At the end of 25 years, your account will be worth approximately $4,994.85.

To calculate the final amount in your savings account after 25 years, we can use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where:
A = the final amount
P = the principal amount (initial deposit)
r = annual interest rate (as a decimal)
n = number of times interest is compounded per year
t = number of years

In this case, you deposited $1,475, the interest rate is 6% (or 0.06 as a decimal), and interest is compounded annually. So we can plug these values into the formula:

A = 1475(1 + 0.06/1)^(1*25)

First, let's simplify the expression inside the parentheses:

A = 1475(1.06)^(25)

Next, let's calculate the value of (1.06)^25:

(1.06)^25 ≈ 3.3867

Now, we can substitute this value back into the formula:

A ≈ 1475 * 3.3867

Finally, let's calculate the final amount:

A ≈ $4,994.85


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What is the total cost to conduct a market research survey will $500 base fee plus $3 per question and 1.25per person surveyed? The survey has 13 questions and will be sent to 300 people.

Answers

answer: The survey has 12 .

Explanation:

When did the high degree of power held by the consumer lead to firms discovering marketing?

Answers

During the market oriented area, the high degree of power held by the consumer lead to firms discovering marketing. Because in that area, a company will create a product to satisfy the customer.

In economy and business, Market orientation generally can be defined as an approach to business that prioritizes identifying the desires and also needs of consumers. In the market orientation, company or also an organization of business will creating products and services that satisfy them. There are several concept of market orientation, such as The Production Concept, The Product Concept, The Marketing Concept, The Societal Marketing Concept, and also The Selling Concept.

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Name a form of ownership that is represented by South African broadcasting corporation (SABC) and outline four characteristics of this form of ownership

Answers

Answer:

State ownership

Explanation:

State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public

The characteristics of a state ownership are;

1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public

2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country

3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects

4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors

5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function

6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body

When there is a market failure, the market outcome is not socially optimal.
true or false?

Answers

Answer: True

Explanation:

At a socially optimal market outcome, the price of goods and services would incorporate all the costs and benefits of producing it including the third party benefits and costs known as Externalities.

When market failure occurs, it is because individual actions have resulted in an inefficient allocation of resources which means that the goods and services on offer will not adequately include the costs of producing gods and services. This is not a socially optimal outcome so the statement above is true.

what is coming and leaving on netflix, hbo go and "amazon prime" july 2019

Answers

In July 2019, there are several titles that are coming and leaving Netflix, HBO Go, and Amazon Prime. Here are some of them:

Netflix:

Coming:
- Stranger Things 3
- Orange is the New Black Season 7
- Queer Eye Season 4
- The Red Sea Diving Resort
- Another Life

Leaving:
- Pretty Little Liars Season 1-7
- The Matrix Trilogy
- Taxi Driver
- Beverly Hills Cop
- The Terminator

HBO Go:

Coming:
- Big Little Lies Season 2
- Divorce Season 3
- Euphoria Season 1
- The Lion King

Leaving:
- The Dark Knight
- The Hangover Part III
- The 15:17 to Paris
- Pitch Perfect 2
- Three Billboards Outside Ebbing, Missouri

Amazon Prime:

Coming:
- All or Nothing: Carolina Panthers Season 4
- Kung Fu Panda: The Paws of Destiny Season 1B
- True Grit
- Anna

Leaving:
- Love and Death
- Inception
- A Simple Plan
- The Natural
- Underworld: Rise of the Lycans

As mentioned above, Netflix, HBO Go, and Amazon Prime have their own list of titles that are coming and leaving in July 2019. Netflix subscribers can expect the much-awaited Stranger Things 3 and Orange is the New Black Season 7, as well as other new titles such as Queer Eye Season 4, The Red Sea Diving Resort, and Another Life. However, they should also take note of the titles that are leaving the streaming platform, including Pretty Little Liars Season 1-7, The Matrix Trilogy, and The Terminator.

HBO Go subscribers, on the other hand, can look forward to the second season of Big Little Lies, the third season of Divorce, and the first season of Euphoria. However, they should also be aware of the titles that are leaving, such as The Dark Knight, The Hangover Part III, and Three Billboards Outside Ebbing, Missouri.

Finally, Amazon Prime subscribers can anticipate All or Nothing: Carolina Panthers Season 4, Kung Fu Panda: The Paws of Destiny Season 1B, and True Grit, among others. They should also take note of the titles that are leaving, including Love and Death, Inception, and Underworld: Rise of the Lycans.

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What is a trend in business

Answers

A trend in buisness is to invest

the ________ offers a prime opportunity for a salesperson to solidify the buyer-seller relationship through great service quality. multiple choice question. a)close b)follow-up c)presentation d)preapproach

Answers

The correct answer is (b) follow-up.

The follow-up stage in the sales process offers a prime opportunity for a salesperson to solidify the buyer-seller relationship through great service quality.

After the presentation and close stages, the salesperson can demonstrate their commitment to customer satisfaction by following up with the buyer. This involves addressing any questions or concerns, ensuring the delivery and satisfaction of the purchased product or service, and providing ongoing support.

Effective follow-up can help build trust, reinforce the value of the purchase, and establish a long-term relationship with the customer. It allows the salesperson to demonstrate their dedication to customer success and provides an opportunity for additional sales or referrals.

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whats the difference between life values and work values

Answers

Answer:

life values: are things you respect in your rights as a human

Authenticity Adventure Balance.

Bravery Compassion Challenge.

Citizenship Community Creativity.

Curiosity Determination Fairness.

Freedom Friendships Fun.

Generosity Growth Honesty.

Integrity Justice Kindness.

work values: are things you value and respect threw  the service that you work with for example

Loyalty

A Strong Work Ethic.

Dependability and Responsibility.

Possessing a Positive Attitude.

Adaptability.

Honesty and Integrity.

Self-Motivated.

Motivated to Grow and Learn.

Strong Self-Confidence.

what is example of an interest leading to a career choice

Answers

Answer:

"I have always been interested in cars so I became a auto mechanic." or "I have always been interested in cars so I decided to work at a car dealership."

Explanation: A big interest that you have that leads you to pick a job related to that interest.

A company had net income of $207,995. Depreciation expense is $28,687. During the year, Accounts Receivable and Inventory increased by $15,611 and $34,713, respectively. Prepaid Expenses and Accounts Payable decreased by $1,981 and $7,936, respectively. There was also a loss on the sale of equipment of $5,230. How much cash was provided by operating activities?
Select the correct answer.
$228,765
$241,912
$185,633
$175,173

Answers

Cash provided by operating activities = $228,769. To calculate the cash provided by operating activities, we need to use the indirect method of the cash flow statement.

This involves adjusting net income for non-cash items and changes in working capital. First, let's calculate the changes in working capital: Change in Accounts Receivable = Increase in Accounts Receivable = $15,611

Change in Inventory = Increase in Inventory = $34,713

Change in Prepaid Expenses = Decrease in Prepaid Expenses = -$1,981

Change in Accounts Payable = Decrease in Accounts Payable = -$7,936

Next, we need to adjust net income for non-cash items:

Net Income = $207,995

Depreciation Expense = $28,687

Loss on Sale of Equipment = $5,230

Now, we can calculate the cash provided by operating activities using the formula:

Cash provided by operating activities = Net Income + Depreciation Expense + Loss on Sale of Equipment + Change in Working Capital

Cash provided by operating activities = $207,995 + $28,687 + (-$5,230) + $15,611 + $34,713 + (-$1,981) + (-$7,936)

Cash provided by operating activities = $228,769

Therefore, the correct answer is $228,765.

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Education Career Video Assignment
In order to complete this assignment, you must first watch at least 3 of the 5 videos that are in the course under MODULE 3.01. After you have watched them, answer the following questions about 3 of the 5 jobs you learned about. Once you are finished save your file. Then upload it to the Education Careers Video Assignment dropbox.

Name:
Video #1
1. What is the job title?

2. Where do people with this career go to work?

3. What education do you need for this career?

4. Why did you choose this career?

Video #2

1. What is the job title?

2. Where do people with this career go to work?


3. What education do you need for this career?


4. Why did you choose this career?


Video #3
1. What is the job title?

2. Where do people with this career go to work?

3. What education do you need for this career?

4. Why did you choose this career?

Answers

Where are the links to the videos?
What’s the video? And do you need help with all questions?

Jones corporation reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. the working capital is:________

Answers

The working capital of Jones Corporation, with current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet, is $56,000.

What is the working capital?

The working capital is the difference between current assets and current liabilities.

The working capital represents the funds available for meeting short-term obligations.

Some of the items used for calculating the working capital include:

Cash and Cash EquivalentsAccounts ReceivableInventoryAccounts Payable.

Data and Calculations.

Current assets = $193,000

Current liabilities = $137,000

Working capital = $56,000 ($193,000 - $137,000)

Thus, Jones' working capital is $56,000.

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Which statement best defines tuition?

Tuition is federal money awarded to a student.
Tuition is aid given to a student by an institution.
Tuition is money borrowed to pay for an education.
Tuition is the price of attending classes at a school.

Answers

Answer:

D

Explanation:

Edge 2021

The statement that best describes tuition is the price of attending classes at a school.

What is tuition?

Tuition is the payment made by a student for instruction or lessons received at a college or university. The tuition payed by a student depends on:

the complexity of the course: the more complex the course is, the higher tuition would be.the duration of the course: the longer the course is, the higher tuition would be.

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What is a likely trend for social media in the future?

You may see smaller groups forming.
You may see more diverse groups forming.
You may see larger groups forming.
You may see less specific groups forming.

Answers

Answer:

I would go with either A or B.

Explanation:

Not all social media trends start in large groups. Some can start by 1 person.

Answer:

I will go with the second one because the world is becoming more excepting of other groups besides their own

Explanation: can I get brainliest i have never got it

Other Questions
Consider the following lease Term: 5 years Payments: annual at year end Year-1 rent: $52 per square foot per year Rent escalation: After the first year, rent payments are indexed to CPI Assuming a discount rate of 11%, what is the effective annual rent associated with this lease if you believe CPI will increase by 1% per year forever. In the accompanying diagram of parallelogram ABCD,diagonals AC and DB intersect at E, AE = 3x - 4, andEC = x + 12.What is the value of x? 10. Where was the Gold Coast located?A. East AfricaB. South AfricaC. North AfricaD. West Africa What do wind and moving water have in common? A They both have chemical energy. B They both have mechanical energy.C They both have light energy.D They both have nuclear energy. PLEASEEEEEE IM LITERALLY BEGGING YOU GUYS HELPPPPP MEEEE I NEEED THIS ASAPPPPPP true/false: if you do not declare a destructor function, the compiler will furnish one automatically. find the mean of the data in the pictograph In photosynthesis- A. light energy is transformed into chemical energyB. molecular energy is transformed into kinetic energyC. chemical energy is transformed into light energyD. light energy is transformed into heat energy Time-based approaches of business organizations focus on reducing the time to accomplish certain necessary activities. time reductions seldom apply to? When one verb is followedby another the form of second verb is may ing form or to form What was the solution to the coercive acts of 1774? Consider the initial value problemy+36y=g(t),y(0)=0,y(0)=0,y+36y=g(t),y(0)=0,y(0)=0,where g(t)={t0if 0t Chemical energy is contained in the chemical bonds of a substance. True or False What is the biggest lesson you have ever learned in your life? Faisalabad is famous........its textile industry.He was killed .........the robbers.I haven't seen him........August.He did not carry.........my orders.She turned the request. What is the ANSWER also Chapter 8 Big Ideas Math Blue Book Find the equation of the line using the given information. (4,1) and (4,4) 20.4 is what percent of 17? You are trying to value the following investment opportunity: The investment will cost you $23658 today. In exchange for your investment you will receive monthly cash payments of $5050 for 9 months. The first payment will occur at the end of the first month. The applicable effective annual interest rate for this investment opportunity is 8%. Calculate the NPV of this investment opportunity. Round to two decimals (do not include the $-sign in your answer). What was the name of the trade system that interacted with the West Indies,the Americans,and Europe