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2 years ago

The two major actions required for a policyholder to comply with the reinstatement clause are?

1 answer:

3 0

Providing proof of insurability and paying all overdue premiums are two major actions required for a policyholder to comply with the reinstatement clause.

An insurance policy clause known as a reinstatement clause specifies when coverage terms are reset if an insured person or business files a claim because of prior loss or damage.

When the insurance policy is no longer in force but the insured still wants to resume coverage for any reason, the policy is reinstated. The criteria for renewing a policy differ from one insurance company to the next. Additionally, the reinstatement procedure is based on the kind of insurance policy and how long the policy has been expired. As a result, reinstatement of the policy is not always available or guaranteed.

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For good X, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping s

Pepsi [2]

Answer:

deadwweight loss $2,250

Explanation:

The deadweight loss is the area loss between the new consumer and producer surplus after-taxes and the previous consumer and prodcuer surplus after taxes

As this is a straight line then we have the area of a triangle which height is

P2 - P1 in this case the $15 tax levied

and Q2 - Q1 as the high of the triangle in this case 300 units

We now sovle for the area of the triangle:

300 x 15 / 2 = 2,250

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3 years ago

When a tenant in common dies, what happens to the tenant's interest in the estate?

koban [17]

Answer:

<em>It passes by probate to the deceased tenant's heirs.</em>

Explanation:

Probate is the legal process of handing over control of properties from the name of a deceased person to the names of recipients.

It also guarantees that creditors may make reimbursement demands from the estate of the deceased, and that final tax returns are filed, including a tax return on the estate if the estate is big enough.

4 0

3 years ago

You are upgrading to better production equipment for your firm's only product. The new equipment will allow you to make more of

Ray Of Light [21]

Answer:

$310,080

Explanation:

Incremental revenue refers to the additional revenue generated by a certain project or activity. In this case, your sales should increase by 16% from 102,000 units to 118,320 units. Total revenue will increase from $1,938,000 (= 102,000 x $19) to $2,248,080 (= 118,320 x $19).

The incremental revenue = $2,248,080 - $1,938,000 = $310,080

4 0

3 years ago

Coronado, Inc. reported net income of $2.95 million in 2022. Depreciation for the year was $188,800, accounts receivable decreas

snow_lady [41]

Answer:

Net cash provided by operating activities $3,221,400

Explanation:

The computation of the net cash provided by operating activities using the indirect method is given below

cash provided by operating activities

Net income $2,950,000

Add: depreciation $188,800

Add: decrease in account receivable $413,000

Less: decrease in account payable -$330,400

Net cash provided by operating activities $3,221,400

4 0

3 years ago

For billing and collection purposes, companies keep a separate accounts receivable account for each customer called a ______ acc

Lapatulllka [165]

A subsidiary account are the separate accounts of receivable account for each customer mostly from billing and collection purposes.

<h3>What are subsidiary account?</h3>

This refers to an account kept within a subsidiary ledger which is then summarizes into a control account in the general ledger.

Hence, it is also the separate accounts of receivable account for each customer mostly from billing and collection purposes.

Therefore, the Option D is correct.