Answer:
The correct answer to the following question is Waiver .
Explanation:
The term waiver can be defined as a legally binding provision , in which either of the parties entered in a contract , in their own free will forfeits a claim, and other party would not be liable. These waivers can be in written from or in some sort of action. Here the insurance company has removed the potential liability of the person who has filled the application form.
The amount Jerry paid in interest is $1,040.
The given details are:
Jerry's principal amount = $ 22,000,
quarterly payment for each quarter = $ 640
Total time for which Jerry paid each quarter = 9 years
As we know, one-year consists of nine quarters and therefore the nine years will consist of 36 quarters.
Thus, the total amount paid by Jerry for nine years in each quarter is $23,040.
Therefore, the correct option is b.
To know more about the calculation of the interest, refer to the link below:
brainly.com/question/16242041
When the<span> owners of the only gambling casino in Wisconsin spend large sums of money lobbying state government officials to protect their gambling monopoly. economists will refer to these expenditures as: Rent-seeking
Rent-seeking expenditure refers to an expenditure that happened in during the effort of lobbying external party in order to gain economic favor.</span>
<span>Adina deposits $1,000 in the bank. The bank can then use her savings to make loans to/for investors. </span>
Answer:
See the explanation below
Explanation:
Share of net income = 30% × $40 million = $12 million
Dividend received = 20 million × $1 = $20 million
The journal are as follows:
<u>Details Dr ($'million) Cr ($'million) </u>
Investment in Nursery Supplies Inc. 63
Cash 63
<u><em>Being the cash payment for investment in Nursery Supplies Inc. </em></u>
Investment in Nursery Supplies Inc. 12
Investment income 12
<em><u>Being the a share of net income of Nursery Supplies Inc. </u></em>
Cash 20
Investment in Nursery Supplies Inc. 20
<u><em>Being dividend received from Investment in Nursery Supplies Inc. </em></u>