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2 years ago

Under the payment of claims provision, when are benefits typically payable after proof of loss is received?

1 answer:

7 0

All claims other than those for periodic installments should be paid immediately after the insurer has received proof of loss.

A time of payment of claims provision states the wide variety of days that the insurance company has to pay or deny a submitted declaration. This provision is included to minimize the amount of time that a policyholder has to anticipate his/her payment or for a selection approximately his/her declare.

Claim provision means an amount payable to you under the policy to compensate you for the credit losses you have sustained from unpaid insured receivables.

A claim provision is a clause in an insurance contract that sets forth the process to be followed within the submission and management of claims. In the case of a reinsurance agreement, it states the phrases and conditions under which the reinsurer's legal responsibility for claims will arise.

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Exercise 14-08 a-b (Video) (Part Level Submission) Cheyenne Corp. incurred the following costs while manufacturing its product.

erastova [34]

Answer:

(a) Cost of goods manufactured = $347,400

(b) Cost of goods sold = $370,900

Explanation:

Note: The requirement of this question is not complete. The complete requirement is therefore provided before answering the question as follows:

(a) Compute cost of goods manufactured.

(b) Compute cost of goods sold.

(a) Compute cost of goods manufactured.

This can be computed as follows:

Cost of goods manufactured = Direct materials used + Labor costs of assembly-line workers + Depreciation on plant + Factory supplies used + Property taxes on plant + Work in Process at January 1 - Work-in-process at December 31 = $129,100 + $111,300 + $64,600 + $28,700 + $16,000 + $14,500 - $16,800 = $347,400

(b) Compute cost of goods sold.

This can be computed as follows:

Cost of goods sold = Finished goods inventory at January 1 + Cost of goods manufactured - Finished goods inventory at December 31 = $69,500 + $347,400 - $46,000 = $370,900

3 0

3 years ago

Advertisements that create feelings, meanings, images, or beliefs about a product or service that can be activated when consumer

levacccp [35]

Advertisements that create feelings, meanings, images, or beliefs about a product or service that can be activated when consumers use it are known as transformational ads.

Explanation:

Advertisements that create feelings, meanings, images, or beliefs about a product or service that can be activated when consumers use it are known as transformational ads.
A transformational advertisement is the one which is related to the experience of using the advertised brand with a unique set of psychological characteristics.
It would not typically be associated with the brand experience to the same degree without the exposure to the advertisement of a brand.
Transformational ads actually create an aura which is truly an exception to a brand.
The types of advertising are;
display ads, social media ads,
newspapers and magazines,
outdoor advertising, radio and podcasts,
direct mail,
video ads,
Email Marketing

6 0

3 years ago

When do things move faster? Day or night?

Nady [450]

day

Explanation:

bc its day time and your doing things lol

4 0

3 years ago

Read 2 more answers

Evaluate this sentence, "The best way to get rid of poverty is to increase government expenditures on welfare programs."

solmaris [256]

Answer:

c. This sentence is false. Increasing transfer benefits like welfare will lower the opportunity cost of making decisions that can lead to poverty

Explanation:

Welfare programs involves transfer payments. These payments are made by the government in order to assist the marginalized sectors or people who are in need so they can thrive economically. In this case, the government just provides and doesn't receive anything in return.

If the government expenditures would increase, the transfer benefits would increase too. So this would most likely lead to "poverty" because the government will just be spending money without any returns.

8 0

3 years ago

Beranek Corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. The new CFO wants to employ en

sergeinik [125]

Answer:

$288,000

Explanation:

Debt to asset ratio measure the percentage of asset financed by the debt portion. It is also express the percentage of debt in the total capital of the firm.

Total Assets = $720,000

Debt asset ratio = 40%

Debt to Asset ratio = Debt / Asset

40% = Debt / $720,000

Debt = $720,000 x 40%

Debt = $288,000

6 0

3 years ago