6. Calculate the short term premium and Refund for the policy (in $$) use Table 19-5 if necissary? Refund Annual Premium Canceled After Canceted by Premium $530 25 days Insured ↑ ↑

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A: In this question, we are required to determine the monthly premium.

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A: Annual percentage yield:The whole picture of the actual yearly return on an investment, accounting…

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A:

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Q: S) 5.8

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A:

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A: in this we have to calculate from table and also by formula.

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Completing the Accounting cycle

An accounting cycle is a multiple-step process that analyzes, verify, record and summarize the entities financial data. The accounting cycle starts when the transaction occurs between two parties and ends when the transaction is completed. The accounting cycle changes the entity's financial position as it involves identifying, verifying, and recording the financial transaction in chronological order. Financial position is the summary of business transactions that occurred throughout the particular accounting period. The accounting cycle recurs at the beginning of each financial year.