Answer:
Credit life Insurance
Explanation:
The scenario describes Credit life insurance
This is a form of insurance policy that that is designed to pay off the balance on a policy holder's outstanding loan in case of death. It is designed for the protection of lender and heirs who are co signers from loss in case of the death of the borrower.
The insurance is liable to the balance on the loan as at the time of the death of the borrower.
The term is "selection".
Paul B. Baltes was a German therapist whose expansive scientific plan was dedicated to building up and advancing the life-span orientation of human advancement. He was likewise a scholar in the field of the psychology of aging. Baltes was born in 1939 and died in 2006 at the age of sixty-seven.
Answer:
Nolan Company
Bank Reconciliation
June 30
$
Balance per cash book 22,064
Less: Bank Service charges ( 24)
Add: Error in recording payment ( $ 59- $ 50) 9
Add: Interest earned <u> 27</u>
Adjusted balance per cash book <u> 22,076</u>
Balance per bank statement 22,531
Less: Outstanding checks ( 2,655)
Add; Deposits in Transit <u> 2,200</u>
Adjusted balance per bank statement <u>22,076</u>
Explanation:
The bank service charges and the interest earned appear on the bank statement and has to be adjusted in the cash book balance. The errors found in recording the payment at $ 59 instead of $ 50 results in an overpayment and the correction needs to be added to the cash book balance
the outstanding checks has not yet been cleared by the bank so there is a reduction on the bank statement balance. The deposits in transit has not been received by the bank so needs to be adjusted as an addition on the bank statement balance.
Answer:
D) A and B
Explanation:
a. as the price declines, the real income of the consumer increases
b. as the price of product A declines, it makes it more attractive than product B
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