on february 2, miles inc. pays $800 to purchase a one-year insurance policy that will expire next year on january 31. miles indicates this transaction in its books by recording an $800 reduction in cash and an $800 increase in expenses. did miles make the proper accounting entries? why or why not?

If you were running a company, what are at least two things you could do to improve its productivity.

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?