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2 years ago

Who's ultimately responsible for determining the role a licensee is expected to play in any transaction?

1 answer:

6 0

The broker of record is ultimately responsible for determining the role a licensee is expected to play in any transaction.

When an insurance company pays an agent a monthly commission to manage and represent a policyholder's insurance policy, that agent is known as a broker of record. Two parts of this position include liaison work for the policyholder and communication.

A broker of record in the context of insurance is an agent chosen by the policyholder to represent and administer the policy. All correspondence to the policyholder may be copied by the broker of record, who may also accept quotations, policies, and notices on the policyholder's behalf. One of the most potent and frequently misused legal documents in the insurance sector is the Broker of Record (BOR) letter. Unfortunately, a lot of unethical brokers get uninsured people to sign this.

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Your company has been running several small applications in Oracle Cloud Infrastructure and is planning a proof-of-concept (POC)

nydimaria [60]

Answer:

Open distributed computing requires a security model that directions versatility and multi-occupancy with the necessity for trust. 

Explanation:

As ventures move their figuring surroundings with their personalities, data and framework to the cloud, they should be eager to surrender some degree of control.

So as to do so they should have the option to confide in cloud frameworks and suppliers, just as to check cloud procedures and occasions. Significant structure squares of trust and verification connections incorporate access control, information security, consistence and occasion the executives.

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3 years ago

Hammerhead Inc. uses practical capacity as the denominator to set the cost of supplying capacity and for the current period the

bogdanovich [222]

Answer:

the value of the manufacturing resources not used is $252,000

Explanation:

The computation of the value of the manufacturing resources not used is shown below

= (practical capacity - number of units produced) × budgeted cost per unit of supplying capacity

= (10,000 units - 4,000 units) × $42

= 6,000 units × $42

= $252,000

Hence, the value of the manufacturing resources not used is $252,000

7 0

3 years ago

n January 1, 2022, Smeder Company, an 80% owned subsidiary of Collins, Inc. transferred equipment with a 10-year life (six of wh

Akimi4 [234]

Answer:

2022

Dr. Equipment _________ $22,000

Cr.Reserve Account _____$19,800

Cr. Depreciation expenses $2,200

2022

Dr. Depreciation Expense ___ $14,000

Cr. Accumulated Depreciation $14,000

2023

Dr. Depreciation Expense ___ $14,000

Cr. Accumulated Depreciation $14,000

Explanation:

2022

Calculate the net book value

Net book value = Historical cost - Accumulated depreciatin = $140,000 - $58,000 = $82,000

Unrealised profit on the sale of the asset = Cash receipt - Nreet book value = $104,000 - $82,000 = $22,000

Annual Depricaiton = Historical cost / remaining life = $140,000 / 10 = $14,000

Excess depreciation charged = Unrealised profit / Remaining life = $22,000 / 10 = $2,200

8 0

3 years ago

In an effort to raise more tax revenue from the upper class, the government decides to impose a new tax on luxury goods like yac

statuscvo [17]

Answer:

The correct answer is A. A secondary effect of an increase on yacht tax rates would be the laying off of hundreds of poor and middle-class yacht makers as the wealthy spend their money elsewhere.

Explanation:

The tax increase of a certain product necessarily increases the final price of that product, that is, when the tax rate is raised, the amount of money necessary to buy said good rises.

In turn, according to the law of demand, the higher the price, the lower the quantity demanded of the product. In other words, this tax increase would produce a drop in the demand for yachts.

If demand falls, the income of producers and sellers of the product falls. This is where production is affected, since small and medium producers will have greater difficulties to cope with the drop in sales, often incurring losses that would lead to having to close the business.

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3 years ago

match the name to the letter indicating the functional business area within the enterprise system finance

Flauer [41]

Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels.

Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels. By tightly synchronizing their business operations, enterprise apps enable firms to become more adaptable and productive.

Four main corporate apps are as follows:

Business systems
Systems for managing the supply chain
Systems for managing customer relationships
Information management techniques

Each of these enterprise applications combines a related set of operations and business procedures in order to improve organizational performance overall.

To learn more about the functional areas of business:

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3 0

1 year ago