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<span>If this key employee were to die and the policy is still in force and unchanged, the death proceeds will be directed with the Key Person Insurance. The company will purchase, owns, pays the premiums and is the beneficiary of the life insurance on the key person. This is because the key person is still employed in that company.</span>
Bigness in industry is resulted because of the working of the economic laws and increase in the efficiency.
<u>Explanation:</u>
Bigness in industry means that the size of the industries has grown in the economy. The production has been increased, the quality and the quantity of the production has gone up.
The bigness in industry somewhat harmed the economy because the way the employees were dealt by the employers was not very fair. There was damage done to the environment also because of the increase in the production by the industries. So bigness in industry was bad.
Answer:
$9.40
Explanation:
First we have to calculate the future value of the stock when it starts to pay the $1.40 using the perpetuity formula:
stock price in 7 years = $1.40 / 10.7% = $13.08
Now we have to find the present value of both next year's dividend and the perpetuity:
stock price = ($3.30 / 1.107) + ($13.08 / 1.107⁷) = $2.98 + $6.42 = $9.40
Answer:
Bad debt expense = ($23,000 * 30% + $23,000 * 70% * 3%)
Bad debt expense = $6,900 + $483
Bad debt expense = $7,383
Journal entry
Date General Journal Debit Credit
Jan 31 Bad debt expense $7,383
Allowance for uncollectible- $7,383
accounts.