Assume Montana Company recorded the following adjusting journal entry at year-end: Insurance expense $2,500 Prepaid insurance $2,500 If the beginning balance in prepaid insurance was $500, and $5,000 was paid for an insurance premium during the year, what is the ending balance in the prepaid insurance account after the above adjusting entry

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?

Consider the labor market for computer programmers. during the late 1990s, the value of the marginal product of all computer programmers increased dramatically. holding all else equal, what effect did this process have on the labor market for computer programmers? the equilibrium wagea. increased, and the equilibrium quantity of labor decreased. b. decreased, and the equilibrium quantity of labor increased. c. increased, and the equilibrium quantity of labor increased. d. decreased, and the equilibrium quantity of labor decreased.