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sashaice [31]
2 years ago
11

Captain Hook, the insured, makes a contract with Peter Pan Insurance Company, the insurer, whereby Captain Hook will pay quarter

ly premiums of $575.00. Upon Hook's death, $1,000,000 will go to Wendy Little as the beneficiary. Further, the policy required that upon Hook's death, the beneficiary must notify the insurer within three months. Captain Hook did not inform Wendy that she was his beneficiary. Captain Hook died and her policy was not found until four months later. Upon finding the policy, Wendy informed Peter Pan Insurance Company that Hook had passed away, but it refused to pay her the money. Wendy sued claiming that she did not need agree to the time limitations and that she was entitled to the money because she informed them of Hook's death. Wendy would best be classified as a(n) ______________.
Business
1 answer:
Oksi-84 [34.3K]2 years ago
7 0

Based on the contract between Captain Hook and Peter Pan Insurance Company, Wendy would best be classified as an intended beneficiary.

<h3>Who is an intended beneficiary?</h3>

An intended beneficiary can be defined as a type of third-party beneficiary who is intended and designated by an insured to directly receive benefits from an established contractual agreement.

Based on the contract between Captain Hook and Peter Pan Insurance Company, we can infer and logically deduce that Wendy would best be classified as an intended beneficiary.

Read more on an intended beneficiary here: brainly.com/question/15394564

#SPJ12

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Neko [114]

Answer:

please explain english we dont understand

Explanation:

7 0
3 years ago
The planning horizon is __________. ANSWER Unselected a field in the master schedule record that indicates the number of units t
HACTEHA [7]

Answer:

The correct option is "the amount of time the master schedule record or MRP record extends into the future"

Explanation:

The planning horizon is the amount of time an organization will look into the future when preparing a strategic plan. Many commercial companies use a five-year planning horizon, however a general Planning horizon is around one year. But other organizations such as the forestry commissions have to use a much longer planning horizon to form effective plans.

3 0
3 years ago
A customer of a brokerage firm in liquidation has an individual account with $300,000 in securities. The customer and his wife h
OLEGan [10]

Answer:

The correct answer is $1,100,000.

Explanation:

According to the scenario, the given data are as follows:

Customer account = $300,000

Joint account = $500,000

Customer's wife account = $300,000

So, we can calculate the amount that customer receive under SIPC by using the following formula:

SIPC =

  • Under SIPC each account considered as an individual account.
  • A maximum limit cover of $500,000 for cash and security for each individual account.

So, the amount that can receive by customer is:

Total Amount  = $300,000 + $500,000 + $300,000  

= $1,100,000

Hence, the total amount that customer receive under SIPC is $1,100,000.

4 0
3 years ago
Walker Clothing Store has a balance in the Accounts Receivable account of $390k at the beginning of the year and a balance of $4
lesantik [10]

Answer:  The average collection period of the receivables in terms of days was 73 days.

Explanation:

Given that,

Accounts Receivable at the beginning of the year = $390,000

Accounts Receivable at the end of the year = $410,000

Net credit sales during the year = $2,000,000

Average collection period of the receivables in terms of days:

Average accounts receivables = \frac{410000 + 390000}{2}

= 4,00,000

Net credit sales = \frac{2000000}{400000} = 5

∴ Accounts receivable days = \frac{365}{5}

= 73 days

The average collection period of the receivables in terms of days was 73 days.

4 0
3 years ago
On January 1, 2019, a company's balance sheet reports its investments in debt securities as follows: Assets Investment in HTM se
mario62 [17]

Answer:

correct option is a. $203,846

Explanation:

given data

Assets Investment = $207,544

face value = $200,000

yield = 4%

coupon rate = 6%

to find out

Investment in HTM security report on balance sheet

solution

we get here balance that is express as

balance = Assets Investment + Interest @4 - Interest Paid  .................1

balance = $207,544 + ( $207544 × 4% ) - ( $200000 × 6% )

balance =  $207,544 + $8,302 - $12,000

balance = $203,846

so correct option is a. $203,846

5 0
3 years ago
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