Answer:
Treaty agreement
Explanation:
A treaty agreement is held between an insurer and a reinsurer, where the reinsurer states what classes of businesses it will accept from the insurer. All the policies that qualify under the treaty agreement should be accepted automatically by the reinsurer.
A reinsurer is an insurance company that insures other insurance companies.
Answer:
the total partner equity is $105,000
Explanation:
The computation of the total partner equity is shown below;
= Capital contributions × number of partners - withdrawn amount by the partners + total profit
= $50,000 × 2 - $5,000 - $7,500 + $17,500
= $105,000
hence, the total partner equity is $105,000
Therefore the correct option is B.
Answer:
The correct answer is letter "B": False.
Explanation:
Economic incentives are the factors that drive people to react in a certain form. It allows individuals to go after their preferences. However, external factors can also push people to act in one way or another. Those factors could be inflation, low job opportunities or unplanned major events like war.
Answer:
Sally (the buyer) should pay $865.58 and the seller should pay $368.42.
Explanation:
First we must determine property taxes per day = $1,234 / 365 = $3.38 per day
The seller is responsible for the property taxes until the closing date = 31 days for January + 28 days for February + 31 days for March + 19 days for April = 109 days x $3.38 per day = $368.42
Sally would be responsible for the remaining taxes = $1,234 - $368.42 = $865.58
Answer:
The sale of the machine will generate an after-tax income of 90,000
Explanation:
The company will be paying a tax income for the diference between the sales price and the book value at a rate of 40%
200,000 - 50,000 = 150,000 x 40% = 60,000 tax income
150,000 gross profit - 60,000 tax income = 90,000 net gain from sale of machine
