Answer:
Correct Answer:
b. There is no time limit on when the policy may be reinstated.
Explanation:
In life insurance, which is an insurance against event in the life of the individual in question, it is expected that, the person will be paying his premium fee regularly.
<em>In a situation, there was a lapses, in-order to reinstate the life insurance policy, it must be reinstated within 1 year in-order to be valid.</em>
Answer and Explanation:
The journal entry is shown below:
Cash Dr 30,000
Bank Dr 50,000
To Capital 80,000
(Being cash and bank brought into the business)
Here the cash and bank is debited as it increased the assets and credited the capital as it also increased the equity
Answer:
The answer is given below;
Explanation:
a. Bad Debt Expense Dr.$800
Account Receivable Cr.$800
b. $84,000*11%= $9,240
Credit balance in trail balance ($1,450)
Total $7,790
Bad Debt Expense Dr.$7,790
Account Receivable Cr.$7,790
C. Debit Balance $400
84,000*9%= $7,560
Total $7,960
Bad Debt Expense Dr.$7,960
Account Receivable Cr.$7,960
Answer: True
Explanation:
The Four-Firm Concentration Ratio simply measures aggregate market share of the four biggest firms that are in a particular industry while the Eight-Firm Concentration Ratio measures that of the eight biggest firms.
It is true that in recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.
Answer:
The correct answer is 0.4
Explanation:
Marginal Propensity to consume
21 Billions- 16 Billions = 5 Billions
2 Billion ÷ 5 Billions = 0.4
The MPC will be equal to 0.4
