Answer:
Reaches or exceeds the cash value.
Explanation:
A traditional whole life policy is an insurance policy or plan that covers the entire life of an individual. It also provides or gives a certain amount to the beneficiaries of the individual in case the individual dies.
A cash value in traditional whole life policy is the amount a person on a traditional life policy receives if he or she decided to quit the life policy as well as forfeit the payment to his or her beneficiaries of he or she dies.
A policy loan is the loan that a person takes from his or her life traditional life policy which must not exceed the cash value of the traditional life policy. A policy loan also comes loan interest that must be paid on a timely basis.
When the outstanding policy loan is higher than the case value of the traditional life policy the insurance company may cancel the traditional life policy.
When we recieve $10 in the course of doing business, it will <u>increase </u>the Owner's Equity.
<h3>How does owner's equity increase?</h3>
Owner's equity will increase when the owners of the business invest more money into it.
Equity will also increase when revenue increases. As the $10 which was received will be treated as revenue, the owner's equity will increase.
Find out more on the effect of revenue on owner's equity at brainly.com/question/14657952.
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Answer:
D. reorganization
Explanation:
Reorganization Is when a bankrupt business restructures itself so that it can continue as a viable business. It involves restating the assets and liabilities of the firm.
A merger is when two companies come together to form a single company.
Liquidation is when the assets of a company are distributed to creditors. It marks the end of a business.
A divestiture is when assets or parts of a business is either sold or exchanged.
A repurchase is when the shares of a company are bought back from shareholders by the firm.
I hope my answer helps you.
Answer:
1 day = 2$
1 year = 365 days
365 x 2 = 730.
will have 730$ by the end of an year