Mason pays $251 monthly for auto insurance. He had an accident involving another car. His
insurance company paid $2500 to settle the claim. At the end of the year, did the insurance
company make a profit from Mason?
O No, the amount of the claim was more than a year's worth of payments.
O Yes, the year's worth of payments is more than the amount of the claim.
O Yes, the year's worth of payments is less than the amount of the claim.
O No, the amount of the claim was less than a year's worth of payments.
Answer: Yes, the years worth of payments is more than the actual claim
Explanation:
the claim was $2500 and he payed $3,012 a year for insurance
Using weighted average, the cost of goods sold for the sale of 23 units on July 31 is ____ and the inventory balance at July 31 is
Answer:
the correct answer is.
Explanation:
hope this helps u!!!!!
which is not the following characteristics is not associated with a general ledger?
Explanation:
A general ledger is one several record books bookkeepers use to record the relevant account transactions of their business.
It used primarily to record transactions related to assets, liabilities, business capital, revenues, and expenses. First, after transactions are recorded in the journals entry they are then posted in general ledger accounts.
Note that the general ledger is a two-columned T-shaped table, in which debit entries are placed on the left side and credit entries on the right. Which may include the transaction description, and the date of the transaction.