Harrod company paid $4,800 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $4,800 and no adjustments had been made previously. the adjusting entry required on december 31 is: . debit prepaid insurance, $2,400; credit insurance expense, $2,400.b. debit cash, $4,800; credit prepaid insurance, $4,800.c. debit insurance expense, $1,200; credit prepaid insurance, $1,200.d. debit prepaid insurance, $1,200; credit insurance expense, $1,200.e. debit insurance expense, $2,400; credit prepaid insurance, $2,400.

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Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld