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zhenek [66]
3 years ago
5

Raymond owns an Accidental Death and Dismemberment Policy with a principal sum of $50,000, and a capital sum of $25,000. After o

wning the policy for several months, Raymond dies as the result of coronary artery disease. Lynn, his beneficiary, can expect to receive what amount of benefit from the policy
Business
1 answer:
schepotkina [342]3 years ago
6 0

Answer:

He will get nothing from the Accidental Policy.

Explanation:

  • Raymond owns an Accidental policy but he Dies from Coronary artery disease. according to insurance companies policy, he will get nothing when he is dead by any means other than by accident.
  • Insurance companies have their own regulations and policy.
  • The insurance company is liable to pay for the incident for which the insurance is taken.

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Tyrell Company issued callable bonds with a par value of $24,000. The call option requires Tyrell to pay a call premium of $500
Wittaler [7]

Answer:

case 1)

bonds payable    24,000

loss on retirement 5,000

        discount on BP           4,500

       cash                           24,500

case 2)

bonds payable    24,000 debit

premium on BP      1,000 debit

        gain on retirement        500 credit

       cash                           24,500 credit

Explanation:

we are going to write off the bonds payable and their discount account

we also debit the cash account for the amount of cash outlay to retire the bond

the difference between cash and the carrying value will be the loss on retirement when lower

and a gain on retirement when higher.

case 1)

carrying value              19,500

total cash outlay        (24,500)

loss on retirement       (5,000)

case 2)

carrying value              25,000

total cash outlay         (24,500)

gain on retrement             500

3 0
3 years ago
When a large supply of a product is available for sale, the price of the product will often
ankoles [38]

Answer:A

Explanation:When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs less.

5 0
3 years ago
Read 2 more answers
Puedes enviar documentos escaneados o Digitalizados desde el Celular​
love history [14]

<em>Cierto </em>

<em>Solo depende del tipo de teléfono que se utilice para enviar el documento. Creo que hay algunos teléfonos que se configuran más como computadoras que te permiten enviar documentos. Sin embargo, hay muchos teléfonos que no cuentan con esta función y es probable que la mayoría de los teléfonos celulares que usa la gente en la actualidad no realicen esta acción.</em>

<em>Espero que esto te ayude y que tengas un buen día.</em>

<em>-R3TR0 Z3R0</em>

4 0
3 years ago
The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting pe
m_a_m_a [10]

The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting period most likely refers to companies may recognize such expenses in periods during which profits are high, as they can afford to take the hit to income, with a view to reducing the liability (the reserve) in future periods during which the company may struggle.

A liability is something that an individual or company owes, usually a monetary amount. Liabilities are settled over time by the transfer of economic benefits, including money, goods, or services.

Current liabilities are short-term financial obligations of a company that matures within one year or within the normal business cycle. The operating cycle, also known as the cash conversion cycle, is the time it takes a company to purchase inventory and convert sales into cash.

In general, mitigating the risk of legal liability requires acting lawfully and taking clear responsibility for the well-being of others (groups that include customers or clients, competitors, and the general public).

Learn more about  Liability here brainly.com/question/25687338

#SPJ4

8 0
2 years ago
Lindsey Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A
natita [175]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the activities rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 24,000 / 1,000= $24 per activity unit

Activity 2= 36,900 / 900= $41 per activity unit

Activity 3= 63,000 / 1,800= $35 per activity unit

<u>Now, we can allocate costs to product A:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Activity 1= 24*200= $4,800

Activity 2= 41*750= $30,750

Activity 3= 35*1,000= $35,000

Total allocated costs= $70,550

<u>Finally, the unitary cost:</u>

Unitary cost= 70,550 / 5,000= $14.11

3 0
3 years ago
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