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

John's friend Rosika won a major lottery jackpot. Seeing this, and despite the fact that millions don't win and the odds of winning are infinitesimal, John goes out and buys a bunch of lottery tickets despite struggling financially.

Three years ago, you purchased a corporate bond that pays 5.0 percent. The purchase price was $1,000. What is the annual dollar amount of interest that you receive from your bond investment

National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair. National pays Overland Transport, Inc.

Which of the following funds has enormous growth potential, but also poses significant risks? (Select the best answer below.) A. Global fund B. International fund C. Emerging-market fund D. Country-specific fund

Greg sold some equipment for $72,510 on June 13, 2019. Greg had originally purchased the equipment for $86,750 on November 21, 2018. The equipment was subject to depreciation of $17,350. What gain or loss will Greg recognize on the sale

You want to create a slide that lists the pros and cons of using cloud storage as part of your presentation on business technology. Which pre-set layout would you want to use? A. Content with caption B. Title only C.

Two or more products are produced using limited resources. The firm would like to determine how many units of each product it should produce to maximize overall profit given its limited resources.

1. Calculate owners' equity. Doughnut Company shows $130,000 worth of assets on its December 31, 2009, balance sheet. If total liabilities are $55,800, what is the amount of owners' equity?

The term "constant returns to scale" describes a situation where expanding all inputs does not change the average cost of production. a larger-scale firm can produce at a lower cost than a smaller-scale firm.

When you visit a campus, you should plan to do all of the following except. A. stay the night in a dorm. B. meet with a professor. C. sit in on a class lecture. D. attend a college party.