Fred company paid $48,000 for a two-year insurance policy, ($2,000 per month), on october 1 and recorded the $48,000 as a debit to prepaid insurance and a credit to cash. what adjusting entry should fred make on december 31, the end of the accounting period (no previous adjustment has been made)? select one: a. debit: prepaid insurance 6,000 credit: insurance expense 6,000 b. debit : insurance expense 6,000 credit: prepaid insurance 6,000 c. debit: insurance expense 24,000 credit: prepaid insurance 24,000 d. debit: prepaid insurance 42,000 credit: insurance expense 42,000

Which of the following is a reason why it is important for students to study strategy and the strategic management process? answers: studying strategy and the strategic management process can give students tools to evaluate the strategies of firms that may employ them.it can be very important to a new hire's career success to understand the strategies of the firm that hired them and their place in implementing these strategies.while strategic choices are generally limited to very experienced senior managers in large organizations, in smaller and entrepreneurial firms many employees end up being involved in the strategic management process.all of these.

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

Which of the following would cause a shift to the right of the supply curve for gasoline? i. a large increase in the price of public transportation. ii. a large decrease in the price of automobiles. iii. a large reduction in the costs of producing gasoline