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2 years ago

in addition to the common conditions and 2 or more coverage forms, a commercial package policy must contain

1 answer:

5 0

In addition to the common conditions and 2 or more coverage forms, a commercial package policy must contain Common Declarations.

A description of the general policy statement. A coinsurance policy is a fundamental part of any insurance contract. It also includes the start and end dates of insurance and the amount of premium required. The premium charged by the insurance company depends on the information in the declaration.

The Declaration recognized eight nations as independent and equal members of the Commonwealth of Nations, with King George VI. As the symbolic head of the association. The last 70 years have seen many groundbreaking statements from the General Assembly of Governments.

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The importance of having a positive attitude is overemphasized. Competence is the most important factor in determining work succ

Olin [163]

I think that the both factors are required in determining work success. Positive attitude grants you self-confidence in what you do and competence lets you do that with professionalism.

6 0

3 years ago

On January 1, Year 1, an entity acquires a new machine with an estimated useful life of 20 years for $100,000. The machine has a

goldenfox [79]

Answer:

The answer is $11,500

Explanation:

Depreciation here be done separately or in components.

The formula for depreciation is:

(Cost - residual value) / useful life.

First component:

A new machine for $100,000 and useful life is 20 years.

Depreciation = $100,000/20years

= $5,000

Second component:

An electrical motor for $20,000 and useful life is 5 years.

Depreciation = $20,000/5years

= $4,000

Third component:

Inspection $10,000 and useful life is 4 years.

Depreciation = $10,000/4years

= $2,500

Therefore, the depreciation expense for Year 1 is

=$5,000 + $4,000 + $2,500

=$11,500

5 0

3 years ago

1. Determine whether a $100,000, 3-month T-Bill selling at $97,645 or a 10%, semi-annual coupon bond selling at par has the grea

stiv31 [10]

The 10% semi-annual coupon bond selling at par has the greater effective annual return than the $100,000, 3-month T-Bill selling at $97,645.

<h3>Data and Calculations:</h3>

T-Bill:

Face value of T-Bill = $100,000

Present value of the T-Bill = $97,645

Effective yield rate = 9.65% ($2,355/$97,645 x 100 x 12/3)

Bond:

Face value of bond =$100,000

Interest = 10% semi-annual

Present value of the bond = $104,761.90

Effective yield rate = 9.80%

Thus, the 10% semi-annual coupon bond selling at par has the greater effective annual return than the $100,000, 3-month T-Bill selling at $97,645.

Learn more about Bonds and T-Bills at brainly.com/question/15394251

4 0

3 years ago

Bonita Cosmetics acquired 10% of the 218,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on Marc

Semmy [17]

Answer:

See explanation section

Explanation:

Req. A: Situation 1

Mar 18 Available for sale of stocks of MF Debit $283,400

Cash Credit $283,400

Note: As Bonita acquired 10% of Martinez shares at $13, total cash has to be paid to Martinez Fashion = (218,000*10%) × $13 = 21,800 shares × $13 = $283,400.

Jun 30 Cash Debit $7,130

Dividend Revenue Credit $7,130

Note: As Martinez declared $71,300 to all stockholders, Bonita will receive 10% of those dividends as they acquired 10% of the total stocks. The cash received from the MF is = $71,300 × 10% = $7,130.

Securities Fair Value

Dec 31 Adjustment Debit $21,800

Unrealized holding gain (loss)- Equity Credit $21,800

Note: As the market price of the share increased to $14-$13 = $1, Bonita would gain from the increased market price. Total gain = $1 × (218,000 shares × 10%) = $21,800.

Req. B Situation 2

Investment in Seles

Jan 1 Common stock of Seles Corp. Debit $77,520

Cash Credit $77,520

Note: As Windsor, Inc. obtained 30% of Martinez shares at $8, total cash has to be paid to Martinez Fashion = (32,300*30%) × $8 = 9,690 shares × $8 = $77,520.

Jun 15 Cash Debit $10,560

Dividend Revenue Credit $10,560

Note: As Seles declared $32,300 to all stockholders, Windsor, Inc. will receive 30% of those dividends as they acquired 30% of the total stocks. The cash received from the MF is = $32,300 × 30% = $10,560.

Investment in Seles

Dec 31 Cash Debit $24,600

Revenue Credit $24,600

Note: As Seles reported a net income of $82,000, due to acquiring 30% of Seles stock, Windsor, Inc. will receive 30% of its net income. The revenue is = $82,000 × 30% = $24,600.

5 0

3 years ago

Job performance is affected by motivation and A. strategy. B. ability. C. leadership. D. training.

Tom [10]

It's D

I hope it helped you!

3 0

3 years ago