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FromTheMoon [43]
2 years ago
11

Which rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insura

nce?
Business
1 answer:
ELEN [110]2 years ago
5 0

Replacement rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance.

Insurance refers to a type of risk management in which the insurer provides the insured with protection from risks of all kinds - financial, health, accidental, etc.

The insured is also called the policyholder, and he makes a payment called premium to be insured. If the specified event for which the insurance cover is provided takes place, the insurer is bound to compensate the insured financially.

A replacement rule delineates the process in which the premium payments on existing policy is discontinued or forfeited, and a new policy is purchased.

To learn more about the replacement rule: brainly.com/question/27922977

#SPJ4

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Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Tra
Marizza181 [45]

Answer:

It is $9,000 (B)

Explanation:

Total paid dividends paid = $60,000

Return on Investment = $60,000 *15%

                                    =$9,000.

Gaw Company investment in Trace Corporation will be treated as Investment Assets. In its book ,it can only recognize its share of dividend paid as return on investment.

Gaw Company cannot recognize its share of entire net income of Trace because it doesn't have controlling interest (i.e subsidiary) in the company neither does it have significant influence (i.e associate).

3 0
3 years ago
Bio-Lab Pharmaceuticals carried on a project to develop a new drug that dramatically shortened the recovery period for flu infec
Gala2k [10]

Answer:

$450,000

Explanation:

Calculation for the amount that would be expensed

Using this formula

Amount to be expensed = Project cost before the project was abandoned + Amount spent on another project

Let plug in the formula

Amount to be expensed =$150,000+$300,000

Amount to be expensed =$450,000

Therefore the amount that would be expensed will be $450,000

4 0
3 years ago
What is the goal of a transnational corporation?
horrorfan [7]
The primary goal of transnational corporations is to offer their services or products across other culture. These corporations usually provided loans to the poorest countries and invest in then in return. Foreign investments create more jobs which help the economy and the people to improve the quality of their lives.

7 0
4 years ago
Progressive relaxation: a. incorporates imagery. b. consists of alternately tensing and relaxing your muscles. c. uses weight tr
larisa [96]

Answer:

option B        

Explanation:

Progressive muscle recovery (PMR) is a method of controlled breathing which has been used successfully to manage stress and fear, ease depression and alleviate the symptoms of some forms of severe pain. Progressive relaxing of a body is based on a simple process of clenching, or contracting, one muscles class at a time caused by a recovery period of stress release.

Throughout the 1930s, Edmund Jacobson defined the methodology of incremental muscle relaxation and is focused on his theory that psychological quietness is a necessary result of brain relaxation. Nearly everyone can know about gradual muscle relaxation which needs just 10 minute to 20 minutes of training per day.

8 0
4 years ago
__________ is the amount a business earns after deducting what it spends for salaries and other expenses.
Lana71 [14]

Answer:

profit

Explanation:

profit is a financial return or reward that an entrepreneur aims to achieve to reflect the risk it takes. Profit is also an important signal to other providers of finance to a business. Banks, suppliers and other lenders are more likely to provide finance to a business that can demonstrate that it makes a profit and that it can pay debts as they fall due.

4 0
3 years ago
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