When you are confronted with choices in life, what would you consider to be green lights and red lights? Think of three green lights and three red lights. Explain why you
think
they are either green or red lights.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Financial information that is capable of making a difference in a decision is

Wilson company paid $5,000 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 $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.