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N76 [4]
2 years ago
10

On Aug. 6, D submitted an application for a $50,000 Life insurance policy and did not pay the initial premium. On Aug. 18, D wen

t to his doctor complaining of chest pains and some tests were given by the doctor. The life policy was delivered by the producer on Aug. 20 and D explains what had recently taken place with the doctor. What action should the producer then take?a- collect initial premiumb- collect initial premium along with a signed health statementc- explain to the applicant the policy is no longer in effect due to change in health conditiond- collect initial premium and leave a binding receipt
Business
1 answer:
MAXImum [283]2 years ago
5 0

Answer:

B) collect initial premium along with a signed health statement

Explanation:

Since D submitted an application before he suffered from chest pains, then the producer should collect the initial premium. But the producer must also request a signed health statement which details the previous incident and what the doctor thought about it, and the tests that he requested.

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What is an extrinsic value​
MAVERICK [17]

Answer:

Extrinsic value is the portion of the worth that has been assigned to an item by external factors.

Hope this helped a little!

3 0
3 years ago
Uncertainties such as natural disasters are: Select one: a. Estimated liabilities because the amounts are uncertain. b. Not cont
Dovator [93]

Answer:

d. Disclosed because of their usefulness to financial statements.

Explanation:

A <em>liability</em> is a present obligation (Legal or Constructive) of an Entity that arises as a result of a past event and the settlement of which will result from an out flow of cash from the entity.

One class of Liability that relate to the case is a <em>Provision</em>.A provision is a liability whose amount can be determined with certainty.

A liability whose amount can not be determined with certainty is known as a <em>Contingent liability</em>.A contingent liability is not presented in the financial statements but is  only disclosed in the Financial Statements.

6 0
3 years ago
Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the
nikitadnepr [17]

Answer:

Betty's AGI $33,558

Explanation:

Betty's AGI:

Revenue from salon $88,560

Salaries paid to beauticians ($46,440)

Nail salon supplies ($23,620)

Salon's operating income $18,500

                   +

Interest income $14,665

                   +

Rental revenue from apartment building $35,180

Depreciation on apartment building ($14,400)

Real estate taxes paid on apartment building ($11,980)

Rental income $8,800

                    -

Alimony paid to her husband $7,100

                    -

Self-employment tax on salon income $1,307

                   =

Betty's AGI $33,558

Real estate taxes paid on Betty's house and charitable contributions are itemized deductions (below the line deductions).

6 0
2 years ago
The Federal Open Market Committee promotes price stability and economic growth through management of the money supply oversight
nevsk [136]

Answer:

management of the money supply

Explanation:

The Federal Open Market Committee (FOMC) is made up of seven members of the Board of Governors, the president of the federal reserve bank of New York and four rotating regional federal reserve bank presidents. It is in charge of conducting the Fed's monetary policy, i.e. buying and selling US securities to increase or decrease the money supply.

6 0
2 years ago
Dropping small hints to let this employee know that his or her behavior is bothering you.
makvit [3.9K]

Answer:

The statement has to be classified as very effective or very ineffective.

The correct answer is:

Very ineffective

Explanation:

The word effective means "something that results in the desired effect", therefore, ineffective means the opposite "something that does not result in the disired effect".

In this case, the desired effect is to modify the employee's behaviour. If we as employers drop small hints about what is bothering us, the employee may not be able to understand what we mean, and continue behaving in the same manner.

It is more effective to have clear, straightforward communication in the workplace. If an employee behaviour is bothering us, we should simply communicate it in a direct and respectful manner.

5 0
3 years ago
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