<span>Disability income plans which require that the insurer can never change or alter premium rates are usually considered </span>noncancellable.
Noncancellable means an insurance policy that can not be canceled as long as the customer makes their premium payments. They can not cancel or change the service agreement for any reason if payments are made.
Answer:
Activity-based costing system using multiple basis for allocation
Explanation:
Activity - based costing -
It is a costing method which allocates the indirect and overhead costs for the goods and services , is known as Activity - based costing .
This method helps to determine the relationship between the overhead activities and cost , and the products manufactured , via allocating the indirect costs to the product less randomly than the normal costing method .
hence , from the question information ,
The type of overhead costing system most appropriate for the Blendln is Activity-based costing system using multiple basis for allocation .
Answer and Explanation:
The journal entries are shown below:
On Aug 1
Short-term investments $70,000
To Cash $70,000
(Being the short term investment is recorded)
Here short term investment is debited as it increased the asset and credited the cash as it decreased the asset
On Oct 30
Cash ($70,000 × 11% × 90 days ÷ 360 days) 1,925
To Interest revenue $1,925
(Being the interest revenue is recorded)
here cash is debited as it increased the asset and credited the interest revenue as it also increased the revenue
Here we assume 360 days in a year
Answer:
D
Explanation:
They are linked to a checking or savings account.
