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3 years ago

6

A loss-purchase buy and sell agreement among three partners, funded with individual life insurance, would require how many polic

ies? 3 6 9 12

1 answer:

Anna007 [38]3 years ago

3 0

The answer is 6. The require 6 policies.

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On January 1, 2008. Titania, Inc. granted stock options to officers and key employees for the purchase of 20,000 shares of the c

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Answer:

what do you want me to answer ?

Explanation:

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3 years ago

The learning curve is:_______

never [62]

Answer:

Option C, Shows the decrease in unit cost as more of the same product is produced over time, is the right answer.

Explanation:

Option C is the correct answer because the learning curve shows the relationship between the cost of the production and output over the time period. Moreover, this curve shows the cost savings when more output is produced over time. The same can be seen in option C that the cost decreases when output rises which means there is a cost-saving.

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3 years ago

The auditing standards board has concluded that analytical procedures are so important that they are required during the?

Musya8 [376]

The Auditing Standards Board has concluded that analytical procedures are so important that they are required during planning and completion phases.

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2 years ago

The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016:

dybincka [34]

Answer:

a. June 30, 2016 adjusting entry for bad debt expense

Dr Bad debt expense 9,108

Cr Allowance for doubtful accounts 9,108

b. August 15, 2016, uncollectible accounts are written off

Dr Allowance for doubtful accounts 3,251

Cr Accounts receivable 3,251

c. Allowance for doubtful accounts

debit credit

June 30, 2016 $38,565

August 15, 2016 <u>$3,251 </u>

August 15, 2016 $35,314

Explanation:

Number of Days Total Accounts Historical % Total

Unpaid Receivable Uncollectible

Not yet due $128,200 3% $3,846

1-30 days past due $90,900 13% $11,817

31-60 days past due $55,300 19% $10,507

<u>Over 60 days past due $33,500 37% $12,395 </u>

Total $38,565

6 0

3 years ago

The borrower in a $238,000 loan makes interest payments at the end of each six months for eight years. These are computed using

yanalaym [24]

Answer:

D = 7980.55

Explanation:

Since the borrower pays in 6 months wich is half a year, we calculate the semi-annual rate = $\frac{Annual rate of intrest}{Number of months}$

= $\frac{0.042}{12}$

= 0.0035 = 0.35%

The effective semi-annual rate is, [(0.0035)⁶- 1] = 0.02118461

$\frac{D[(1.02118461)^{16} - 1]}{1.02118461) - 1}$ + $\frac{D[(1.02118461)^{10} - 1]}{1.02118461) - 1}$ = 238000

$\frac{D(1.398518 - 1)}{0.02118461}$ + $\frac{D(1.233226 - 1)}{0.02118461}$ = 238000

0.631744D = 238000 * 0.02118461

0.631744D = 5041.937

Therefore D = 7980.55

7 0

3 years ago