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2 years ago

4. Malik's father recently died. His dad had an insurance

Business

1 answer:

Salsk061 [2.6K]2 years ago

7 0

The type of insurance money that Malik has received indicates life insurance and the correct option is D.

<h3>What is life insurance?</h3>

Life insurance is an agreement wherein a policyholder will pay everyday premiums in alternate for a lump-sum demise benefit that can be paid to the policyholder's beneficiaries. The lump-sum gain is paid while the policyholder passes away or a selected amount of time has passed.

Hence, The type of insurance money that Malik has received indicates life insurance and the correct option is D.

learn more about life insurance here:

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Cierra, Inc. manufactures computer chips. Currently, the costs per unit are as follows: Direct materials $ 1.00 Direct labor 10.

Soloha48 [4]

Answer:

It is more convenient to make the component.

Explanation:

Giving the following information:

Direct materials $1.00

Direct labor 10.00

Variable manufacturing overhead 5.00

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3 years ago

RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.

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Answer:

RecRoom Equipment Company

Date Particulars Debit Credit

1Nov Note Receivable $ 13,200

Account Receivable $ 13,200

RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.

31 December Interest Receivable $ 924

Interest Revenue $ 924

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Interest Income $ 462

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RecRoom receives the interest on the note's maturity date. RecRoom receives the principal on the note's maturity date.

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