1. on march 1, a business paid $3,600 for a twelve month liability insurance policy. on april 1 the same business entered into a two-year rental contract for equipment at a total cost of $18,000. determine the following amounts: (a) insurance expense for the month of march (b) prepaid insurance as of march 31 (c) equipment rent expense for the month of april (d) prepaid equipment rental as of april 30

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Describe the three different ways the argument section of a cover letter can be formatted