User Account

All Pages

What the total annual premium for fire insurance is

Assignment Help Accounting Basics
Reference no: EM132675129

Problem 1: Mia's office building with a $300,000 value has a rating of 2 with a building classification of A. The contents in the building are valued at $120,000. Using the tables found in the textbook, the total annual premium for fire insurance is

A. $1,046.40.

B. $1,554.

C. $1,064.04.

D. $990.00.

Problem 2: During inflation, the best method to use in inventory valuation that produces the smallest amount of profit is

A. FIFO.

B. weighted average.

C. specific invoice.

D. LIFO.

Problem 3: Suppose Department X is 8,000 square feet, Department Y is 5,000 square feet, and Department Z is 6,000 square feet. What's the percent of overhead expense applied to Department Z? (Round your answer to the nearest whole percent.)

A. 32%

B. 68%

C. 26%

D. 42%

Reference no: EM132675129

Questions Cloud

Technology played in the development of the genre : What role has technology played in the development of the genre? How is it similar or different than the other genres you chose?
Determine the refund to tj : T.J. bought fire insurance for his pizza, At end of 10 months, T.J. canceled the policy since his pizza shop went out of business. Determine the refund to T.J.
How did tannis prepare for the transition : How did Tannis prepare for the transition? What else could she have done?
Discuss what informal powers and formal powers : Discuss what informal powers, formal powers, and resources that presidents make use of to pursue their agendas.
What the total annual premium for fire insurance is : The contents in the building are valued at $120,000. Using the tables found in the textbook, the total annual premium for fire insurance is
What inventory turnover at cost to the nearest hundredth is : Ending inventory at cost of $7,000, net sales of $51,000, and cost of goods sold of $46,000, the inventory turnover at cost to the nearest hundredth is
Define the term cultural context : Define the term cultural context. What are some examples of diversityskills? Define the term rhetoric. Define diversity consciousness.
Discuss the advantages of a push based supply chain : Discuss the advantages of a push based supply chain. What about a pull based supply chain
What is the inventory turnover at retail rounded : Ending inventory at retail of $20,000, and cost of goods sold of $19,500, what's the inventory turnover at retail rounded to the nearest hundredth?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd