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2 years ago

How must a replacing producer response to an applicant wishing to replace existing life insurance?

Business

1 answer:

lidiya [134]2 years ago

8 0

The producer must provide notice regarding the replacement of life insurance.

A life insurance policy is a contract between a policyholder and an insurance company or insurance company, in which the insurance company promises to pay an amount to a specified beneficiary upon the death of the insured. Depending on the contract, other events B. Terminal or critical illness trigger payment

Life insurance is a contract between a policyholder and an insurance company, and can be defined as a promise by the insurer to pay a certain amount of money in exchange for a premium upon the death of the insured or after a certain period of time. .

Learn more about life insurance here:brainly.com/question/1373572

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Sargent Corporation applies overhead cost to jobs on the basis of 70% of direct labor cost. If Job 210 shows $10,500 of manufact

frosja888 [35]

Answer:

labor cost = 15,000

Explanation:

We are going to use the formula for applied overhead and solve for the cost driver, which in this case is labor cost.

$labor\: cost \times rate = applied \: overhead \\applied \: overhead \div rate = labor\: cost$

labor cost * 0.70 = 10,500

10,500/0.70 = labor cost

labor cost = 15,000

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3 years ago

Carl and debra orally agree on the sale of carl's electrical supplies company to debra and jot down the terms on the back of one

Romashka-Z-Leto [24]

A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain essential terms. In which this essential terms are important as a way of providing terms that both parties must engage in as a way of meeting the contract that they have agreed on.

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3 years ago

A company has been complaining about costs and wants to increase the number of burgers its employees can wrap in an hour. You've

garri49 [273]

Answer:

c. Face validity

Explanation:

Since in the question it is mentioned that the company complaints with respect to the cost, also dont want to add other tests that leads to an ncrease in budget

Also, it the other assessment instrument would be added so this scenario represents the face validity that deals in the study or not for particular measures

Therefore the correct option is c. Face validity

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3 years ago

Rosewood Company made a loan of $12,200 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rat

Ymorist [56]

Answer:For Year 1 = $549 , For year 2=$183

Explanation:

Interest = Principal x Rate x Time ( Period)

For Year 1

Interest = P x R x T

= $12,200 x 6% x 9 / 12 ( Period from April to December

= $549

For year 2

Interest = P x R x T

= $12,200 x 6% x 3 / 12 ( Period from Jan of year 2 to April 1 st of year 2 since Ist year has been covered)

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3 years ago

Addison Co. budgets production of 2,790 units during the second quarter. Other information is as follows: Direct labor Each fini

Doss [256]

Answer and Explanation:

1. The preparation of direct labor budget is given below:-

Direct labor budget

Units to be produced 2,790

Hours required per unit 5

Total labor hours needed 13,950

(2,790 × 5)

Labor rate per hour $10

Direct labor budget $139,500

(13,950 × $10)

2. The preparation of factory overhead budget is given below:-

Total labor hours needed 13,950

Variable overhead rate per hour $12

Budgeted variable overheads $167,400

(13,950 × $12)

Budgeted Fixed overheads $580,000

Budgeted total overheads $747,400

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3 years ago