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WINSTONCH [101]
3 years ago
8

N has a disability policy and suffers a covered loss. After elimination, what is the maximum time the insurer has to make a clai

m payment under the Time Payment of Claims provision?
Business
1 answer:
agasfer [191]3 years ago
5 0

Answer:

under the time payment of claims provision, the maximum time the insurer has to make payment for the claim is 60 days

Explanation:

time payment of claim provision is a provision that requires claims to nbe made within a stated days.

By legal actin provision, the insured is not allowed to take legal action against the insurer. This is due to the fact the claim legally run  within 60 days. So, the maximum time frame the insured has to make a claim payment under the time payment of claim provision is 60 days

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Luther's Operating Margin for the year ending December 31, 2008 is closest to: Group of answer choices 0.5% 0.7% 5.4% 6.8%
svlad2 [7]

Answer:

the operating margin is 5.4%

Explanation:

The computation of the operating margin is shown below:

As we know that

Operating Margin = Operating Income ÷ Sales

= $31.3 ÷ $578.3

= 5.4%

Hence, the operating margin is 5.4%

It could be determined by dividing the operating income from the sales

3 0
2 years ago
Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. Durin
hjlf

Answer:

Global Marine

a. Indication of the accounts and amounts for each transaction:

a. Cash $5,500,000 Common stock $500,000 Additional Paid-in Capital $5,000,000

b. Treasury stock $125,000 Additional Paid-in Capital $1,125,000 Cash $1,250,000

c. Cash $510,000 Treasury stock $50,000 Additional Paid-in Capital $460,000

d. Cash $490,000 Treasury stock $50,000 Additional Paid-in Capital $440,000

b. Journal Entries:

a. Debit Cash $5,500,000

Credit Common stock $500,000

Credit Additional Paid-in Capital $5,000,000

To record the issuance of 100,000 shares of the common stock at $55 cash per share.

b. Debit Treasury stock $125,000

Debit Additional Paid-in Capital $1,125,000

Credit Cash $1,250,000

To record the repurchase of 25,000 shares at $50 cash per share.

c. Debit Cash $510,000

Credit Treasury stock $50,000

Credit Additional Paid-in Capital $460,000

To record the re-issuance of 10,000 shares from treasury for $51 per share.

d. Debit Cash $490,000

Credit Treasury stock $50,000

Credit Additional Paid-in Capital $440,000

To record the re-issuance of 10,000 shares from treasury for $49 per share.

Explanation:

a) Data and Calculations:

Authorized common stock shares, 1,000,000 at $5 par value

Net income earned during the year = $400,000

Selected transactions:

a. Cash $5,500,000 Common stock $500,000 Additional Paid-in Capital $5,000,000

100,000 shares of the common stock at $55 cash per share.

b. Treasury stock $125,000 Additional Paid-in Capital $1,125,000 Cash $1,250,000

25,000 shares at $50 cash per share.

c. Cash $510,000 Treasury stock $50,000 Additional Paid-in Capital $460,000

10,000 shares from treasury for $51 per share.

d. Cash $490,000 Treasury stock $50,000 Additional Paid-in Capital $440,000

10,000 shares from treasury for $49 per share.

8 0
3 years ago
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch
netineya [11]
More to the question?
4 0
3 years ago
Several line items and account titles are listed below. For each, indicate in which of the following financial statement(s) we w
Ainat [17]

Answer:

a. Cash asset - Balance Sheet (BS) and Statement of Cash Flows (SCF)

Cash is recorded as an asset in the balance statement and derived from the statement of cash flows.

b. Expenses - Income statement (IS)

Expenses are deducted from revenue in the income statement to come up with Net Income.

c. Non-cash assets - Balance Sheet (BS)

Non-cash assets are recorded in the balance sheet as all assets are.

d. Contributed capital - Balance Sheet (BS) and Statement of stockholders' equity (SE)

Contributed capital from shareholders will appear in the equity section of the balance sheet and in the statement of equity.

e. Cash outflow for capital expenditures - Statement of Cash Flows (SCF)

This is a Cashflow statement entry under Investing activities.

f. Retained earnings - Balance Sheet (BS) and Statement of stockholders' equity (SE)

Retained earnings will go into the balance sheet and the statement of equity.

g. Cash inflow for stock issued - Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)

Cash inflow from stock issued will be recorded in the financing section of the cashflow statement as well as in the statement of stockholder equity.

h. Cash outflow for dividends - Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)

Cash outflow from dividends issued will be recorded in the financing section of the cashflow statement as well as in the statement of stockholder equity.

i. Net income - Income statement (IS), Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)

Net income is derived from the Income statement and used in the statement of cashflow as well as the equity statement.

6 0
3 years ago
Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon
S_A_V [24]

Answer:

  a) maximize 12x+16y subject to x+y≤60; x+2y≤80; 2x-3y≥0; x-9y≤0.

  b) 40 fish and 20 beef dinners

  c) $800

Explanation:

Let x and y represent the numbers of fish and beef dinners to prepare, respectively. Then the relations these values must satisfy are ...

  x + y ≤ 60 . . . . . a maximum of 60 dinners will be sold

  0.25x + 0.50y ≤ 20 . . . . . kitchen hours cannot exceed 20

  x/y ≥ 3/2 . . . . . . at least 3 fish dinners for each 2 beef dinners will be sold

  y ≥ 0.10(x +y) . . . . at least 10% of dinners sold will be beef

While satisfying these relations, we want to maximize the profit function:

  p = 12x +16y

a) The linear programming problem can be formulated as ...

  Maximize 12x +16y, subject to ...

  • x + y ≤ 60
  • x + 2y ≤ 80
  • 2x - 3y ≥ 0
  • x - 9y ≤ 0

__

b) The graph shows the constraint inequalities with the comparison symbol reversed. The effect of that is to shade the area that is NOT part of the solution set, leaving the feasible region white. The vertex of the (white) feasible region that makes the profit line farthest from the origin is the solution we're looking for. Once the profit line is plotted so we can compare its slope to the lines bounding the feasible region, it becomes clear which vertex is the one that maximizes profit.

The solution is (x, y) = (40, 20).

  • 40 fish dinners
  • 20 beef dinners

__

c) The maximum earnings are estimated to be ...

  ($12)(40) +($16)(20) = $800

5 0
3 years ago
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