At December 31, but before any year-end adjustments, McCarthy Company's Prepaid Insurance account had a balance of $2,400. It was determined that $900 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be
A) $900.
B) $1,900.
C) $1,200.
D) $3,300.
E) $2,400.
Ans: A) $900.
Business
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A _______________________ lien is one agreed to by the property owner.
Fill in the blank(s) with the appropriate word(s).
Business
Javier's Pizza Point has a margin per unit of $2.00 for a typical pizza, total fixed expenses of $10,000, and average variable costs of $3.00 per pizza. How many pizzas must Javier sell to break even?
A) 2,000 B) 3,334 C) 5,000 D) 20,000 E) 30,000
Business