The type of account and normal balance of prepaid insurance is

a. asset, credit

b. contra asset, credit

c. contra asset, debit

d. asset, debit

For 2016, NestorCompany had revenues in excess of expenses. Which statement describes Nestor's closing entries at the end of 2016 (assume there is only one closing entry for both revenue and expenses) ? A.

3. Wax an Illinois resident, files a lawsuit against Fitzsimmons in Illinois state court. Fitzsimmons is a resident of Florida but owns property in Illinois. The amount in controversy is $80,000.

Select the correct answer. Rebecca is organizing training programs for her company's employees. How should she determine the right training program for an employee? A. only organize orientation programs B.

When creating a business plan, what should be the first thing you do? What order should the parts be created?

Concord Corporation is planning to sell 500 boxes of ceramic tile, with production estimated at 470 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.

Heather's interest and gains on investments for the current year are as follows:Interest on Madison County school bonds $600Interest on U. S.

The 2016 financial statements of CVS Health Corporation reported the following information (in millions) : 2016 2015 Net sales $177,526 $153,290 Cost of sales 148,669 126,762 Inventories, net 14,760 14,001 The inventory turnover ratio for 2016 is:

When manufactured goods are used to produce other goods and services, they are called capital goods. True or False

Q 8.2: On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. returns merchandise worth $300 to Buehler Company. On June 24th, payment is received from Chaz Co. for the balance due.

For the year, B&K United increased current liabilities by $1,400, decreased cash by $1,200, increased net fixed assets by $340, increased accounts receivable by $200, and decreased inventory by $150. What is the annual change in net working capital