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KengaRu [80]
4 years ago
7

When an insurance company sends a policy to the insured with an attached application, the element that makes the application par

t of the contract between the insured and the insurer is called the?
Business
2 answers:
fenix001 [56]4 years ago
6 0
It is the Entire Contract provision. A standard insurance contract arrangement that constrains the assertion between the guaranteed and the safety net provider to the arrangements contained in the agreement. The provision capacities fundamentally for the assurance of the protected. 
In life insurance, the whole contract is simply the strategy and the application for protection. No change is substantial unless a support is joined to the approach. No operator can change any of the arrangement arrangements.
Fofino [41]4 years ago
3 0
The answer to this question is the Entire Contract Provision. An Entire contract provision is where the application form and the life insurance policy is a part of the contract. In this contract, only the riders, endorsements, or amendments can be changed which will be signed by the executive officer of the insurance company.
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Any value disclosed above operating income in the income statement would be:_____.A) After-Tax.B) Pre-Tax.C) Per-share.D) None o
mr Goodwill [35]

Answer:

B) Pre-Tax

Explanation:

The income statement refers to the statement in which the all expenses are deducted from the revenue so that the operating income could come i.e. EBIT

For the value that disclosed above the operating income would  be pre tax as after the EBIT, the income tax expense, the interest expense should be deducted to find out the Profit after tax

So in this situation, the option B is correct

3 0
3 years ago
Krepps Corporation produces a single product. Last year, Krepps manufactured 33,100 units and sold 27,800 units. Production cost
AfilCa [17]

Answer:

The correct answer is $95,400 lower than absorption costing.

Explanation:

According to the scenario, the given data are as follows:

Units manufactured = 33,100

Sold units = 27,800

So, Units in ending inventory can be calculated as follows:

Units in ending inventory = Units manufactured - Sold units

= 33,100 - 27,800 = 5,300 units

Now, Fixed manufacturing OH = $595,800

So, we can calculate the fixed manufacturing OH per unit by using following formula:

Fixed manufacturing OH per unit = $595,800 ÷ 33,100 = $18

So, Difference in net income for the year can be calculated as follows:

Net income difference = Fixed manufacturing OH per unit × Units in ending inventory

= $18 × 5,300 units = $95,400

Hence, The net income in variable costing is $95,400 which is lower than in absorption costing.

7 0
3 years ago
The ABC Corporation has a long-standing policy of maintaining a dividend payout ratio of 45%. ABC's net income for the year is $
Kipish [7]

Based on the information given the annual dividend per share is $0.45.

Distribution of net income to common shareholders:

Amount available for common shareholders=45%×$12 million

Amount available for common shareholders =$5,400,000

Number of shares:

Shares=(8 million shares × 3)/2

Shares= 24 million shares/2

Shares = 12 million shares

Annual dividend per share:

Annual dividend per share=$5,400,000/12 million shares

Annual dividend per share=$0.45

Inconclusion the annual dividend per share is $0.45.

Learn more about annual dividend here:brainly.com/question/25557702

7 0
3 years ago
The primary purpose of the Troubled Asset Relief Program was to Select one:
dusya [7]

Answer:

The answer is b. shore up shaky financial institutions.

Explanation:

The troubled asset relief program was a $700 billion bailout program that was designed and approved by the US congress to stabilize the american financial institutions following the financial crisis of 2008.

6 0
3 years ago
Which of the following statements about renting & owning is correct?
ycow [4]
The answer to the question which of the following statements about renting owning is correct is letter "B" An owner has a complete responsibility and control over the property.

Based on the definition of owner and renter, as well as its comparison, no doubt that the answer is indeed letter "B".
8 0
3 years ago
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