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2 years ago

An insured stops making payments on a loan taken from his cash value policy. What will most likely happen

1 answer:

8 0

When an insured stops making the payments on the loan taken his cash value policy will terminate when the loan amount with interest equals or exceeds the cash value

Explanation:

Cash value policy are the type of saving policy and they provide the life time coverage of the policy holders most cash values have high premiums than the insurance

It requires a fixed level premium payment and the from that amount the money is allocated for different reasons according to the wish of the policy holder and the remaining amount is deposited as the cash value amount

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The financial statements of Weston Office Supply include the following items:20172016Cash $43,500 $50,000Shortminus−term Inve

aivan3 [116]

Answer:

The current ratio is 1.18 times

Explanation:

Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities

The computation of the current ratio is shown below

Current ratio = Total Current assets ÷ total current liabilities

where,

Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory

= $43,500 + $27,000 + $102,000 + $125,000

= $297,500

And, the total current liabilities is $251,000

Now put these values to the above formula

So, the ratio would equal to

= $297,500 ÷ $251,000

= 1.18 times

The long term note payable is not a current liabilities,hence it is not considered in the computation part.

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3 years ago

Ellen Kelly Inc. had 31,300 shares of $.50 par common stock 10,000 shares of 5%, $20 par cumulative preferred stock and 5,000 sh

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Answer:

10,000 common stock.

The EPS = earnings per share = Earnings before tax divided by outstanding common stock in issue

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2 years ago

When only certain eoc team members or organizations are activated to monitor a credible threat, which activation level has been

skelet666 [1.2K]

The answer is: Level 1 – Full Activation

In this level, the state would give a notification to all states' supporting agencies that a start plan is about to be implemented. The Division of Emergency Management personnel would soon take control to organize these agencies and assign them with each of their own roles.

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3 years ago

Read 2 more answers

The entity’s manufacturing division, whose assets constituted 75% of its total assets at September 30, Year 5 (end of year), was

belka [17]

The event should be presented in the financial statements as follows:

1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.

2. The bonded liability on the balance sheet is eliminated by the relevant amount.

3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.

4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.

Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.

Learn more: brainly.com/question/17329408

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2 years ago

Amber, a district manager for a large restaurant chain, is comparing the goals of her restaurants with recent sales. She knows t

oee [108]

Answer:

The statement is true

Explanation:

Controlling managerial function is the one which is described as the function of the management, that helps in seeking the planned results or outcome from the managers and subordinates and at all the levels of the business or company.

This functions helps in evaluating the progress towards the goals or objectives of the company and bring out any deviations and also indicate the corrective measures or actions.

So, the statement is true because controlling is monitoring as well.

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3 years ago