Answer:
Henry is the intended beneficiary of the insurance policy and as such, he is bound to the time limitations and all the other clauses included in the contract.
Explanation:
Intended beneficiaries are third parties that can benefit from a contract. Third parties are not part of the contract and may not even know that they were included as beneficiaries in it, but they are bound by all the legal clauses included in the contract. They must be included in the contract and all the benefits they might obtain have to be explicitly established.
Answer: X=$307.50
Given:
Ben’s savings weekly = $61.50
It is 1/5 or 20% of his weekly savings
To find Ben’s weekly pay in $
Let X= Ben’s weekly pay in $
To solve, we use the equation
1/5X=61.50
.20X=61.50
X=61.50/.20
X=$307.50
Answer:
$687,000
Explanation:
Intangible Assets are identifiable assets of a non-monetary asset and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.
Important to note that Internally generated Goodwill is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets
<u>Calculation of Total Intangible Assets will be :</u>
Intangible Assets Calculation = (Copyrights) $ 58,000 + (Goodwill Acquired) $560,000 + (Trademarks) $69,000
= $687,000
Therefore,
Sandhill's balance sheet as of December 31, 2021 should report total intangible assets of $687,000
