<span>This would suggest that a Whole life policy was purchased.
a whole life policy is a kind of insurance policy that will stay active for insured's entire lifetime. (as long as the premium keep being paid on time)
One example of this type of insurance is a life insurance (which will give a specific amount of money to your family if you passed away)</span>
Explanation:
the rotation the action of rotating an around axis center
Answer:
Marketplace, advancements in technology, and investments
Explanation:
Various factors are involved which make a local economy different such as marketplace, advancement in technology and investment. These three are the most important and critical factors which distinguish local economies from the global or international market. The above three factors are important for economic growth and can take an economy from a developing to a developed economy.
Answer:
$114,000
Explanation:
Given that,
Net credit sales = $2,250,000
Opening allowance for Doubtful Accounts = $36,000
Uncollectible accounts receivable written off = $90,000
Firstly, we need to find the excess amount to be adjusted to allowance for Doubtful Accounts. It is calculated as follows:
= Uncollectible accounts receivable written off - Opening allowance for Doubtful Accounts
= $90,000 - $36,000
= $54,000
Allowance amount:
= 10% of the balance in receivables
= 0.1 × $600,000
= $60,000
Therefore, the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017 is determined by summing up the excess amount and allowance amount.
= Excess amount to be adjusted to allowance for Doubtful Accounts + Allowance amount
= $54,000 + $60,000
= $114,000
Annual inflationary loss of buying power is a valid criticism of the use of money as a store of value in modern economies.
Explanation:
As a result of a highly inflationary reduction in the buying ability of an economy, significant negative economic impacts emerge, particularly rising costs of consumer goods and services, with high-interest rates impacting global markets and lower ratings.
The buying power is the buyer's dollar value of credit to purchase additional stocks and bonds on the retirement account against the already marginal securities. Capacity can also be recognised as the purchasing power of the dollar.
