Answer:
The policy-holder is the person that owns the insurance policy.
Answer:
Multichannel marketer
Explanation:
Multi channel marketing can be defined as the practice of using different variety of channels to reach potential customers. This channels include: websites, retail stores, catalogs, direct mail, email, mobile, social media pages.
The goal of a multichannel marketer is to utilize these various multiple marketing channels to ensure that messages reach the potential customers regardless of the devices they have, the communities that they inhabit, technologies or platforms that is available to them.
Answer:
Answer is explained in the attachment.
Explanation:
Answer: Please see explanatory column for answer.
Explanation:
No Journal entry
Date Amount and explanation Debit Credit
Jan 26 No entry No entry
Reason: this is because even though an agreement was reached in the negotiation,no transaction took place.
Journal to record loan from City Bank
Date Amount and explanation Debit Credit
March 1 Cash $350,000
Notes payable $350,000
Journal to record payment of loan with interest from City Bank from March - September.
Date Amount and explanation Debit Credit
September 1 Notes payable $350,000
Interest Expense $14,000
Cash $364,000
calculation: Interest = PxRXT= 350,000 X 8% X 6/12= $14,000
