Answer:
The insurance company, because the applicant was covered by the policy.
Explanation:
Once a conditional receipt is given, the applicant is immediately covered. The issuing of a conditional receipt provides immediate coverage starting from the date the application was made and the premium was paid. Only if the applicant didn't pass the underwriting requirements for the policy, would the policy not be in effect. For example, if the applicant must pass a medical examination, the coverage begins only after the applicant passes the medical examination.
Therefore the insurance company must provide the reasons why they denied the claim.
Answer:
(B) increase; appreciate.
Explanation:
A large increase in the income level in the U.S. along with no growth in Mexico’s income level is normally expected to cause (assuming no change in interest rates or other factors) a(n) INCREASE in U.S. demand for Mexico’s goods, and the Mexican peso should APPRECIATE.
Because the large increase in the income level in the U.S will result to an increase in U.S demand. And consequently, the Mexican peso would appreciate. Appreciation, in general terms, is an increase in the value of an asset over time and one of reasons this increase can occur is increased demand.
Answer: Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage
Explanation:
The false statement about the Building and Personal Property Coverage Form is that "Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage"
The above is incorrect. This is because the Tenants Improvements and Betterments are not covered under the
Personal Property of Others Coverage but rather, they are covered in the Business Personal Property.
Answer:
The correct answer is 2%.
Explanation:
The fisher effect describes the relationship between interest rates in two countries and the exchange rate of their currencies. In this example, it is said that the difference between the interest rate vs the inflation of the united group shows a difference of 2% that the United States is also expected to experience with an annual inflation rate of 4%.
Answer:
A credit to Cash for $175
Explanation:
Suplies expense 35
delivery expenses 100
miscellaneuos expense 40
cash 175
The petty cash will receive 175 cash to restore their original value of 250
And the company will recognize the proper expenses.
The petty cash account is only used when creating, increasing or decreasing their founds.