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Ivanshal [37]
4 years ago
8

An individual has a disability income policy with a Change of Occupation clause when he changes to a new more hazardous job. He

neglects to inform the insurer. What happens if one year later he files a claim when he becomes disabled?
Business
1 answer:
trapecia [35]4 years ago
4 0

Answer: Adjustments will be made on the insured's new hazardous job, and he is covered according to the premium he has paid with relevance to how hazardous his new job is.

Explanation: Since there is a change of occupation clause to the policy, the insured was supposed to inform the insurer to make adjustments for his new occupation with regards to the nature of hazard involved. However the insured didn't do this, the insurer would make his investigations therefore and make his adjustments as necessary to cover the insured with premium paid for previous occupation. If the new occupation is more hazardous, the insured covers with the premium in hand and ignores deficits. On the other hand if new occupation is less hazardous, the insurer covers and also indemnifies the insured for any excess premium paid.

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Christopher has hired a real estate broker to help facilitate the sale of his home. Realizing that Christopher is most likely go
kari74 [83]

Answer:

4.0%

Explanation:

Given that gross sale value = $364,583

And net sale value after commission = $350,000

The commission paid to the broker = $364,583 less $350,000 = $14,583.

Therefore the commission rate

= \frac{Dollar Commission}{Gross Sale Value}

= 14,583/364,583

= 4.0%.

The brokers commission is usually computed on the Gross Sale Value, and not the net sale value.

3 0
4 years ago
In supermarket retailing, _____ percent of endcaps should be unadvertised "sale" items that will cause the customer to be alert
Darya [45]

In supermarket retailing, 25 percent of end caps should be unadvertised "sale" items that will cause the customer to be alert when looking at an end caps while travelling through the store.

Explanation:

"Unadvertised" means that only clients who are shopping in this store are advertised.

For example is an item that was marked down in between printings for the weekly store sales flyers.

So the deal may not have made the flyer, but you will see the shelf label that marks the item as discounted once it is in the store.

Unadvertised retail prices play a competitive role. For this model, we produce a balance of rational prospects in which each store randomly announces the cost of one product in accordance with a blended approach.

5 0
3 years ago
Consider the following two assets. The first is a stock fund, the second is a long-term government and corporate bond fund. The
yarga [219]

Answer:

0.76

Explanation:

So, in this particular question we are given that that there are two assets which are the; [1]. stock fund and [2]. a long-term government and corporate bond fund.

From the question/problem, we have that the Expected ret and the std. dev. for the Stock fund is 18% and 25% respectively. Also, the Expected ret and std. dev. for  Bond fund 11% and 18% respectively.

Thus, the investment proportion in the minimum variance portfolio of the bond fund = 1 - [ ( 18%)² - 0.4 × 25% × 18%) ÷ ( 25%)² + (18%)² - 2 × 0.4 × 25% × 18%. = 1 - [0.0144 ÷ 0.0609 ] = 1 - 0.24 = 0.76.

6 0
3 years ago
Pat shopped at Target for new summer shorts. After trying on three different brands and price comparing, he decided to buy the D
Vitek1552 [10]

Answer:

Shopping and convenience

Explanation:

Pat shopped at Target for new summer shorts. After trying on three different brands and price comparing, he decided to buy the Dockers shorts. While heading to the checkout stand, he spotted earphones hanging on the endcap of the electronics area. Remembering he needed new earbuds for his iPod, he grabbed a set and paid for it all at the checkout counter. What types of product categories did Pat experience in this shopping trip

Pat experience shopping and convenience product categories; the dockers shorts is the shopping product while the ear phone is the convenience product.

Shopping products are types of products categories in which a consumer takes his or her time to deliberate, research, compared on a product before they decided to buy the said product while convenience product is one that required no deliberation, the are usually routine products.

5 0
4 years ago
Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $420,000; Allowance for Doub
Fiesta28 [93]

Answer and Explanation:

The computation is shown below:

a. Amount of adjusting entry for uncollectible accounts

= Estimated balance of Allowance for Doubtful Accounts + debit balance

= $16,400 + $4,000

= $20,400

b. Adjusted balances

For account receivable

= account receivable

= $420,000

For allowance for doubtful debts

= Estimated amount

= $16,400

For bad debts

= AMount of adjusting entry

= $20,400

c. Net realizable value

= Account receivable balance - estimated balance of Allowance for Doubtful Accounts

= $420,000 - $16,400

= $403,600

8 0
3 years ago
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