Answer:
Explanation:
i think the answer is third party creditors
According to the policy loan clause, the policy owner may borrow any sum up to the policy's cash value. As a result, choice (C) is the best way to respond.
<h3>What is policy loan?</h3>
A policy loan is given out by an insurance provider and is secured by the cash value of the borrower's life insurance policy. A "life insurance loan" is another name for it. They used to be renowned for having cheap interest rates, but that isn't necessarily the case now.
Even though they have limitations, policy loans typically provide easy access to money. When a universal or whole life insurance policy has built up cash value, policy loans may be taken out.
Hence, option (C) is the accurate one.
Learn more about policy loans, from:
brainly.com/question/14971100
#SPJ1
Answer:
$18,000
Explanation:
Given data for Taylor Company;
Salaries payable at the beginning of 2015 (end of 2014) = $18,000
Salary expense during the year (2015) = $50,000
Salaries paid during the year = $50,000
Salary payable at end of year (2015) = ?
Let the salary payable at end of year= S
Using the formula
Salaries payable at the beginning of the year + Salary expense during the year - Salaries paid = Salary payable at end of year
$18,000 + $50,000 - $50,000 =S
S = $18,000
Salaries payable as at December 31, 2015 is $18,000.
The increase in transactions caused by inflation is the correct response when it comes to the shoe leather cost effect on inflation. Therefore, choice 3 is right.
<h3>What is the cost of shoe leather?</h3>
When there is significant inflation, the shoe leather cost refers to the time and effort people spend holding less cash in order to lower the inflation tax they must pay on their cash holdings.
The extra time and convenience that must be given up to keep less money on hand than would be necessary if there were less or no inflation is a substantial cost of reducing money holdings.
In light of the cost effect of inflation on shoe leather, option 3 is thus right.
Learn more about shoe-leather costs:
brainly.com/question/22260794
#SPJ1
Answer:
Cash $10,430
Cash equivalents $20,400
Explanation:
Calculation to determine the amount reported as CASH on December 31
Using this formula
Cash = Cash in bank + Petty cash + Check from customer + money order
Let plug in the formula
Cash = $8,540 + $250 + $1,350 + $290
Cash = $10,430
Calculation to determine the amount reported as CASH EQUIVALENTS on December 31
Using this formula
Cash equivalents = Money market fund + Treasury bills
Let plug in the formula
Cash equivalents=$10,400+$10,000
Cash equivalents= $20,400
Therefore the amount reported as Cash and Cash Equivalents on December 31 are:
Cash $10,430
Cash equivalents $20,400