An analysis of thrift corp.'s unadjusted prepaid expense account at december 31, year 4, revealed the following: thrift had an opening balance of $1,500 for its comprehensive insurance policy. thrift had paid an annual premium of $3,000 on july 1, year 3. a $3,200 annual insurance premium payment made july 1, year 4 was unadjusted. a $2,000 advance rental payment for a warehouse thrift leased for one year beginning january 1, year 5 was included. in its december 31, year 4, balance sheet, what amount should thrift report as prepaid expenses?

Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.

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What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.