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AnnyKZ [126]
3 years ago
5

Which federal law allows an insurer to obtain an inspection report on a potential insured?

Business
1 answer:
Gelneren [198K]3 years ago
4 0

<span>The federal law that allows an insurer to obtain an inspection report on a potential insured is the Fair Credit Reporting Act.</span>

This is a United States Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.

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The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company
harina [27]

Answer:

$10,000

Explanation:

Net Credit Sales              $250,000

Allowance for Doubtful Accounts $250,000*4%=$10,000

Bad Debt Expense   will be $10,000

Bad Debt Expense Dr.$10,000

Allowance for Uncollectible  Cr.$10,000

6 0
3 years ago
Vermilion Inc., a manufacturer of high-technology medical devices, has its product development centers located in the United Sta
Korolek [52]

Answer: Global-standardization strategy

Explanation:

Global-standardization strategy could be defined as using a model to market a product globally. It's the scenario where an organization uses the same marketing strategy of a product across various countries. The advantage of this is that it results in global brand coverage and makes reduction for cost.

Vermilion Inc. has her product produced in various countries but uses the same marketing model or strategy to sell globally, this method is known as Global-standardization strategy

7 0
3 years ago
What is the repricing gap if the planning period is 30 days? 3 months? 2 years? Recall that cash is a noninterest-earning asset.
Tcecarenko [31]

Answer:- -$95 million for 30days,  -$20 million for 3 months, +$55 million for 2 years.

Explanation:

Repricing gap using a 30-day planning period, we have;

$75 - $170 = -$95 million.

Repricing gap using a 3-month planning period, we have;

($75 + $75) - $170 = -$20 million.

Reprising gap using a 2-year planning period, we have;

($75 + $75 + $50 + $25) - $170 = +$55 million.

b) the impact over the next 30 days on net interest income vary. Let us use i) when net income increases by 50 basis points.

      ii) when net income decreases by 75 basis points.

if impact over the next 30 days on net interest income increases by 50 basis points, we would have that  net interest income will decrease by $475,000, see below:

ΔNII = CGAP(ΔR) = -$95m.(0.005) = -$0.475m

If  impact over the next 30 days on net interest income decrease by 75 basis points, net interest income will increase by $712,500.  This is because:

ΔNII = CGAP(ΔR) = -$95m.(-0.0075) = $0.7125m

7 0
3 years ago
A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan
Lana71 [14]

Answer:

$1,067 is the correct answer.

Explanation:

8 0
3 years ago
It takes Country A two hours to produce a unit of consumer goods and five hours to produce a unit of capital goods. Country B ca
kogti [31]

Answer:

i don't know

Explanation:

5 0
2 years ago
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