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2 years ago

A licensed insurance producer that transacts business on behalf of an insurer must be?

1 answer:

8 0

A licensed insurance producer that transacts business on behalf of an Insurance Agent. Every state requires a business insurance license. To market life and health insurance, casualty or property insurance, an agent will need a separate license. A clean pre-licensing training and excellent state examinations are required for an agent to earn the license.

Outside of the financial services business, only a few industries provide the opportunity for relatively inexperienced people to earn large money in their first year of employment. And few occupations in the financial services business provide newbies with the ability to make as much as a life insurance agent does straight away.

To learn more about insurance, click here.

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In 20x9, Fox Inc. has the following information related to its defined benefit pension plan: Fair value of plan assets, 12/31/x9

Alexxx [7]

Answer: $4,400 Loss Amortization

Explanation:

At the start of the year x9, Fox Inc's projected benefit obligation exceeds the fair value of plan assets. Therefore, we we will have to amortize the unrecognized gain or losses over the remaining services period which is 15 years.

Unrecognized net losses = $396,000

Less: Exceeding = (330,000)*

Excess 66,000

Divide by remaining service 66,000/15 = $4,400

*Exceeding = beginning projected benefit obligation (3,300,000) x 10% = 330,000

6 0

4 years ago

What is the major difference in focus between a location decision in the service sector vs. The manufacturingâ€‹ sector?

kakasveta [241]

Answer:

D) The focus in service is on revenue maximization, while the focus in manufacturing is on cost minimization.

Explanation:

You can set up a manufacturing location in different places, mostly depending on the costs associated with the supply management (both upstream and downstream).

While location is extremely important for a service provider and its capacity to generate revenue, e.g. a hotel or a restaurant cannot be located in the middle of nowhere.

7 0

4 years ago

If the Federal Reserve buys a Treasury bond from a bank, what will be the effect on the interest rate the bank charges its custo

OverLord2011 [107]

Answer:

the federal reserve injects money into banks to give them peace of mind to lower their interest rates. the lower the interest rate, the more people will loan from the bank. this increases the funding to the bank when the loans are paid off so the bank can pay back the reserve while having increased profit

3 0

3 years ago

Jordan has the following assets and liabilities:-Two Cars $10,000-House $200,000-Mortgage $100,000-Cash $1,000-Car Loans $3,000-

Ilia_Sergeevich [38]

Answer:

The correct option is B. $109,000; $213,000; $104,000

Explanation:

For computing the wealth, first, we have to compute the assets and liabilities value

So, the assets = Cars + House + cash + checking account balance

= $10,000 + $200,000 + $1,000 + $2,000

= $213,000

So, the liabilities = Mortgage + car loans + credit card balance

= $100,000 + $3,000 + $1,000

= $104,000

we apply the accounting equation which equals to

Assets = Liabilities + shareholder equity

And, the wealth equal to

= Assets - Liabilities

= $213,000 - $104,000

= $109,000

Hence, Jordan's wealth is $109,000, the value of Jordan's assets is $213,000, and the value of Jordan's liability is $104,000.

Therefore, the correct option is B. $109,000; $213,000; $104,000

3 0

3 years ago

Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few d

Sedbober [7]

Answer:

a) will

d) crystal

Explanation:

Please find the information needed to answer this question in the attached image

Willingness to pay is the highest amount a consumer would be willing to buy a product. If the price of the good is below the willingness to pay, the consumer would purchase the good.

The three beachfronts were sold to Alyssa, Tim and Brian.

The new sale of the beachfront at $535,000 would be sold to crystal because her willingness to pay ($550,000) is higher than the price of the beachfront.

the consumer surplus from the purchase would be $550,000 - $535,000 = $15,000

6 0

4 years ago