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You prepaid for an annual insurance policy on August 31 in the amount of $2,100. The entry to adjust the prepaid insurance account on December 31 would include which option?

Credit of $700

Credit of $875

Debit of $700

Debit of $875

Your assets are $150,000, your liabilities are $28,000. What is your debt to equity ratio?

23%

19%

81%

32%

If Brooke increased her total net income at the end of February by $10,000, how much would her net profit margin increase by?

30.5%

29.5%

26.5%

28.5%