Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2021, and charged the $4,440 premium to Insurance expense. At its December 31, 2021, year-end, Yummy Foods would record which of the following adjusting entries? Multiple Choice Insurance expense 925 Prepaid insurance 925 Insurance expense 925 Prepaid insurance 3,515 Insurance payable 4,440 Prepaid insurance 925 Insurance expense 925 Prepaid insurance 3,515 Insurance expense 3,515.
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You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400
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Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2021, and...
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