Answer:
$227,500
Explanation:
The computation of the total amount of cash paid is shown below:
Cash paid for insurance premium = Prepaid Insurance at end of the year + Prepaid Insurance recognized - Prepaid Insurance at the beginning of the year
= $61,250 + $218,750 - $52,500
= $227,500
We simply applied the above formula so that the correct amount of cash paid could come with respect to the insurance premium
Answer:
l
Explanation:
the core concept of marketing is a social and managerial process by which individuals and groups obtained what they need and want through creating,offering and exchangeing products of value with others
When it comes to interest, most CDs will allow : B. interest reinvestment
which mean that most CDs will give an option to reinvest the interest that you've gained through the CD and create a larger amount of interest in the future.
hope this helps