When the insured renews the policy in 5 years, the premium will increase. This is due to the fact that he/she will be 5 years older upon renewal.
The policy will retain its level during its term period, however, once a renewal is issued, the premium will be based on the insured new age.
The correct answer is reckless conduct.
Reckless conduct is the term which refers to someone's actions which deviate from what was prescribed. So, when someone does something they were not supposed to do or fails to do something they were supposed to do, that will count as reckless conduct or behavior.
Answer:
Dr Compensation expense 29,000
Cr Paid-in capital - stock options 29,000
Explanation:
Compensation expenses can be defined as the expenses that include the costs of recruiting salaries, payroll taxes, benefits as well as bonuses because this expense is often an important aspect of a business, company's or organization operating costs which may tend to affects corporate profitability.
XYZ Co.
Dr Compensation expense 29,000
Cr Paid-in capital - stock options 29,000
(87,000 x $1)/3 = 29,000
Answer:
- Total stockholders' equity.
- Total liabilities.
Explanation:
The Debt to equity ratio shows the proportions of the financing options used to finance the operations of the company namely debt and equity.
It is calculated by the formula:
= Total liabilities / Total stockholders' equity * 100%
As shown by the formula , the relevant accounts are:
- Total stockholders' equity.
- Total liabilities.
