Compute the Missing Amounts

question 94

Essay

Compute the missing amounts:
(1) The Prepaid Insurance account had a $455 debit balance at the beginning of the current year; $650 of insurance premiums were paid during the year; and the year-end balance sheet showed $420 of prepaid insurance; consequently,the income statement for the year must have shown $______________ of insurance expense.
(2) The Office Supplies account began the current year with a $235 debit balance; the income statement for the year showed $475 of office supplies expense; and the year-end balance sheet showed the current asset,office supplies,at $225; consequently,if all supplies were accounted for,$____________ of office supplies must have been purchased during the year.

Analyze the relationship between personality traits and workplace deviance.

Comprehend the effects of core self-evaluations on personal and organizational outcomes.

Distinguish between different motivational traits and their influences on behavior.

Evaluate how personality factors influence safety behavior and workplace accidents.

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Definitions:

Price Reduction

The act of lowering the price of products or services to attract more customers or sell off excess inventory.

Online Movie Streaming

The practice of delivering movies over the Internet, allowing users to watch content without downloading it.

Target Return Profit

A pricing strategy where the price is set to achieve a desired return-on-investment (ROI) or specific profit goal above the cost of the product or service.

Profit Goal

A specific financial target for net income that a company aims to achieve within a certain period.