So one can make sure that a creditor of the insured isn't paid more than the exquisite mortgage at the time of declaration, the coverage proprietor should: Convertible insurance
A creditor is an entity, a business enterprise, or someone of a felony nature that has provided items, offerings, or a financial loan to a debtor. as soon as a creditor has given a loan, the fee is expected at a later date, generally agreed upon in advance.
A creditor is a man or woman or institution that extends credit to any other celebration to borrow cash normally by way of a mortgage agreement or contract. lenders including banks can repossess collateral like homes and automobiles on secured loans, and take borrowers to the courtroom over unsecured money owed.
For instance, a debtor/creditor relationship is if you take out a mortgage to shop for your house. then you as the property owner are a debtor, while the bank that holds your loan is the creditor. In trendy, if someone or entity has loaned cash then they are a creditor.
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During a demonstration, promptly responding to audience members' requests creates your reputation as responsive.
What defines an audience?
An audience is a collection of people who attend a performance or confront a piece of art, literary works (in that they are referred to as "readers"), theater, music (in they are referred to as "hearers"), games consoles (in that they are referred to as "players"), or scholars in any medium.
What is an instance of an audience?
An audience is a crowd of individuals who attend an event. Those who attend an e-sports incident to witness others play a game, for example, are part of a viewer. The image depicts thousands of people crammed into a sphere to witness an e-sports event.
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Answer:
1. Depreciation expense 3600
Accumulated depreciation 3600
2.Unearned rent 330666
Rental income 330666
3. Interest expense 2100
Interest payable 2100
4.Cost of goods manufactured 2640
Supplies 2640
5. Insurance expense 2400
Prepaid insurance 2400
Explanation:
depreciation for the year = 300*12=3600
2. Earned rent was 62000/3*4=330666
3.Interest expense for the year = 525*4=2100
4.opening supplies were 3500 and ending were 860 so (3500-860)=2640 were consumed and 860 will be reported to balance sheet.
5. Opening prepaid insurance was =$3600
Insurance was expense out at the rate of $200 per month = 200*12=$2400
$1200 shall be reported to balance sheet.
Answer:
The adjusting entry is as follows;
July 31
Rent Expense Debit $ 3,280
Prepaid Rent Credit $ 3,280
To record rent expense for the month of July
Explanation:
Prepaid rent payment $ 19,680
Period of payment 6 months
Period of benefit 1 month
Rent expense for 1 month I.e July is computed as
$ 19,680/6 months * 1 month $ 3,280
Answer:
$27,965.4393
Explanation:
Given:
Cash flow for first year (C1) = $6,200
Cash flow for second year (C2) = 116,200
Cash flow for third year (C3) = $17,400
Rate of return = 10% = 10/100 = 0.1
Computation of total price :
Total Price = 
Therefore, Marko Inc. will pay $27,965.4393
