Answer:
$3,716,050
Explanation:
FV = PV × (1 + i)∧n
Present Value (PV) 3250000
Interest Rate (i) 0.015
Number of years (n) 9
(1 + 0.015) ∧ 9
3,250,000 x 1.1434
=$3,716,050
Answer:
D.110
Explanation:
They had 6.5 instead of 65.
Number of production shortage
65/6.5=10
Now this is equal to 10 × 10 + 10
=110
Correct/Complete Question: An insured is entitled to coverage under a policy that a prudent person would expect it to provide. This principle is called
A. Adhesion
B. Reasonable sensibility
C. Reasonable expectations
D. Insurable interest
Answer:
C, Reasonable expectations
Explanation:
Reasonable expectations is a legal concept in that says that an insured is entitled to coverage under a policy that a prudent and reasonable person would expect it to provide.
Alternatively, reasonable expectation could be said to be something one has good claims to expect will be done or is supposed to be done.
Cheers.
Don’t open any at all, scammers only get smarter
Answer: This transaction can be Journalized as follows :-
December 31. Bad debt expense A/C Dr. $46,074
To allowance for doubtful accounts $46,074
(adjusting allowance account to total uncollectibles)
Explanation:
bad debt expense = doubtful accounts debit balance + desired balance for doubtful accounts
= $39044 + $7030
=$ 46,074
