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V125BC [204]
1 year ago
14

xcel how many months can a life insurance policy normally be backdated from the date of the application

Business
1 answer:
belka [17]1 year ago
4 0

6 Months can be a life insurance policy normally be backdated from the date of the application.

For Example:- Suppose, he/she purchased a policy with maturity duration of 20 years in March 2022 and backdated it to October 2021, the maturity benefits of the endowment policy can be reaped a year before in October 2041 than the initial date in March 2042.

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Horizontal analysis is a technique for evaluating a series of financial statement data over a period of time
coldgirl [10]

Answer:

Option C                

Explanation:

In simple words, Horizontal analysis ( also referred to as pattern analysis) is indeed a method for the study of financial records that indicates improvements in the sums of the related products over a span of time. This is a valuable tool for determining pattern circumstances. The reports are being used in horizontal analysis for two different time intervals and is compared on percentage basis.

4 0
3 years ago
Discuss national income​
Anni [7]

Explanation:

The overall amount of a government's finished product of any and all additional goods produced and services provided with one year is national revenue. The guiding principle for economics and finance is recognizing how national income is produced.

7 0
3 years ago
Dybala Corporation's produces and sells a single product. Data concerning that product appear below The company is currently sel
CaHeK987 [17]

Answer: Increase of $8,200

Explanation:

Currently, the company is making a net operating income of;

= Contribution Margin - Fixed expenses

= (90 * 6,700) - 547,700

= $55,300

If the company advertises, net operating income becomes;

= Contribution margin with increase in sales - Fixed expenses including advertisements

= (90 * (6,700 + 170)) - (547,700 + 7,100)

= $63,500

Increase in operating income = 63,500 - 55,300

= $8,200

6 0
3 years ago
If the price of a product increases, the demand for the resource used in producing that product decreases.
valentina_108 [34]

Economists call this the law of demand. As the price of a product increases, the quantity demanded decreases (but the demand itself remains the same). If the price falls, the quantity demanded will increase.

Resource Prices – Rising resource prices lead to a decrease in supply or a leftward shift in the supply curve. Falling resource prices lead to an increase in supply or a rightward shift in the supply curve.

An increase in demand shifts the demand curve to the right and a decrease in supply shifts the supply curve to the left.

A decrease in demand leads to a decrease in the equilibrium price. Less quantity to deliver. An increase in supply leads to a  product decrease in the equilibrium price, all other things being equal. Demand increases.

Learn more about resources at

brainly.com/question/1046299

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6 0
2 years ago
The Gardner Company expects sales for October of $247,000. Experience suggests that 40% of sales are for cash and 60% are on cre
LenKa [72]

Answer: $74100

Explanation:

Based on the information given, the amount of cash expected to be collected in October will be calculated thus:

October, credit sales will be:

= 60% x $247000

= $148200

Since the amount that'll be collected in October will be 50% of the credit sales. This will be:

= 50% × $148200

= $74100

6 0
2 years ago
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