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Lilit [14]
3 years ago
11

if you’ve just recovered from prostate cancer within the last few years, an insurance company might require you to pay a 20% ext

ra premium on your net premium for 3 years. Calculate the gross monthly premium during this 3 years, if the monthly gross premium after the 3 years is $100 and the monthly net premium among this $100 is $70
Business
1 answer:
lesya692 [45]3 years ago
4 0

Answer:

Gross premium = $100

Monthly Net premium = $70

Therefore 70 x 12 x 3 = 2,520

= 20% of 2, 520

2,520/100 x 20/1

GMP (Gross Monthly Premium) = $540

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___________ started the profession of advertising in the u.s. by using newspaper advertisements.
jenyasd209 [6]
I think it was Francis Ayer
3 0
3 years ago
Short Corp. reported net income of $63,000 for the year and had a tax rate of 30%. Net sales were $300,000 and Operating expense
Mekhanik [1.2K]

Answer:

Cost of goods sold  : $ 120.000

Explanation:

income before taxes   : 63000 / 0.7 = 90000  

(+) expenses                                          90.000

Total                                                      180.000

(-) net sales                                         300.000

= cost of goods                                   120.000

7 0
3 years ago
High Country Apparel signed a $75,000, two-year, interest-bearing, 5% note on October 1, 20XX. The maturity value of the note is
Ket [755]

Based on the information given the maturity value of the note is: $82,500.

Using this formula

Maturity value of note=Principal amount+(Principal amount× Number of year× Interest rate)

Where:

Principal amount=$75,000

Number of year=2 year

Interest rate=5% or 0.05

Let plug in the formula

Maturity value of note=$75,000+($75,000×2 year×0.05)

Maturity value of note=$75,000+$7,500

Maturity value of note=$82,500

Inconclusion  the maturity value of the note is: $82,500.

Learn more about maturity value of note here:brainly.com/question/24374294

4 0
2 years ago
Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2
VARVARA [1.3K]

Answer:

a. First set of entries:

Debit: Accounts receivable with $2,000

Credit: Bad debt expenses with $2,000

b. Second set of entries:

Debit: Cash with $2,000

Credit: Account receivables $2,000

Explanation:

These entries will appear as follows in the book Gideon Company on July 10:

Details                                                     DR ($)                  CR ($)

Accounts receivable                              2,000

Bad debt expenses                                                            2,000

<em>Being the transfer of the bad debt recovered back to the accounts receivable.</em>

Cash                                                         2,000

Account receivables                                                         2,000

<em>Being the cash income received in respect of bad debt recovered.</em>

4 0
3 years ago
Read 2 more answers
Karen Company had the following account balances prior to the write off of a $100 customer account:
IRINA_888 [86]

Answer:

A) $9,100, $9,100

Explanation:

Calculation for the net realizable value of the receivables before

Accounts receivable $9,500

Less Allowance for doubtful accounts 400

Net realizable value of the receivables BEFORE $9,100

Calculation net realizable value of the receivables after the write-off

Accounts receivable $9,500

Less Allowance for doubtful accounts 400

Net realizable value of the receivables AFTER $9,100

Therefore The net realizable value of the receivables before and after the write-off was

$9,100, $9,100

7 0
3 years ago
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