Answer: A. at the time of contracting.
Explanation:
Insurable interest is the reasonable concern to obtain insurance against unforeseen events such like losses or death. Insurable interest is when the loss of an object or damage would result in a financial loss.
Based on the information given, Maddox Auto Parts gained an insurable interest in the mufflers at the time of contracting. An individual will gain an insurable interest immediately s contract takes place.
Therefore, the correct option is A.
Answer:
b. credit to Cash $60,000.
Explanation:
Given that:
Hurley Corporation issues the principal amount of $500,000
Time = 5 years
Rate = 12% at 96 with interest payable on January 1
Discount on issue =500000 × (1 - 0.96) = 20000
Annual discount amortization= 20000/5 = 4000
Interest payable = 500000× 12% = 60000
From the information given in the question; we can have a journal entry to determine the what the straight-line method will include.
So, let have a look at the table below:
Discount on issue 20000
Annual discount 4000
amortization
Debit Credit
Interest expense 64000
Discount on Bonds payable 4000
Interest payable 60000
Now; The January 1 entries will now be as follows:
Debit Credit
Interest payable 60,000
Cash 60,000
Thus; The entry on January 1 to record payment of bond interest assuming amortization of bond discount used the straight-line method will include a: <u>Credit to cash $60,000</u>
<span>The government is the primary agency responsible for drawing up
the budget.
</span>Government<span> is the
means by which state policy is enforced, as well as the mechanism for
determining the policy of the state. Forms of </span>government<span>, or forms of state governance, refers to the set of
political systems and institutions that make up the organization of a specific </span>government<span>.</span>
Answer: A labor force that is more productive
Explanation:
According to the given question, a good productive labor force helps in producing the various types of products and the services in the market and also maintain the economical growth of the country.
The high rates of the economical growth are tends to have a labor force which is more productive as it helps in supplying the finished goods and the services according the demand and the requirement of the customers.
The high productivity helps in increase the economical growth of an organization and also increase the umber of employment in the country.
Therefore, the given answer is correct.
Answer:
I believe the best answer would be A. $10,580
Explanation:
400 x 23.89 = $9,556. 400 x 50.34 = $20,136
$20,136 - $9,556 = $10,580
