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Anni [7]
2 years ago
7

S takes out a health insurance policy which contains a provision that states that the agent does not have the authority to chang

e the policy or waive any of its provisions. Which health policy provision is this?
1. Legal Actions
2. Insurance with other insurers
3. Entire Contract
4. Reinstatement
Business
1 answer:
Amiraneli [1.4K]2 years ago
6 0

Answer:

Option "3" is the correct answer for the following situation.

Entire Contract

Explanation:

S takes out a whole contract of medical insurance which includes a clause specifying that the provider has no power to change the contract or to remove any of its clauses.

  • The entire contract is a type of agreement where both sides need to deliver on the promise in a contract.
  • The purpose of this sort of contract is to satisfy the whole of the contract. This kind of contract is also referred to as an indivisible contract.
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In reviewing a bank's balance sheet, the liabilities are greater than the assets. What is the best explanation that could
Alex777 [14]

Answer:

cash

Explanation:

The top line, cash, is the single most important item on the balance sheet. Cash is the fuel of a business. If you run out of cash, you are in big trouble unless there is a "filling station" nearby that is willing to fund your business

6 0
2 years ago
Read 2 more answers
evaluate whether locating closer to raw materials is the most important factor when locating a business. if not what other facto
lutik1710 [3]

Answer:

The nature of the major raw material requires to produce the product of the business determines the level of importance attached to locating a business closer to raw materials.

Explanation:

The level of importance attached to locating a business closer to raw materials depends on the nature of the major raw material requires to produce the product of the business.

When the major raw material requires to produce the product of the business is a heavy raw material that cannot be easily transported, locating the business closer to the raw material will be the most important factor.

However, when the major raw material requires to produce the product of the business can be easily be transported, locating the business closer to raw materials will NOT be the most important factor. In this case, some of the other important factors to consider will include proximity to markets; availability of labour; water supply; availability of power, fuel or gas; waste products disposal facility and among others.

6 0
3 years ago
Interest expense is not:
Veseljchak [2.6K]

Answer:

The correct answer is letter "C": Likely to fluctuate when sales change.

Explanation:

Interest Expense is the cost of borrowing money. Usually, interest is paid on a credit card for some form of debt through a bank loan, mortgage, credit line or outstanding balance. The amount charged is equal to the interest rate times the outstanding balance. Interest payments are reported on an income statement as non-operating expenses.

<em>Sales changes do not influence the interest expense.</em>

7 0
3 years ago
which categoryh of inventory holding costs would be much higher than average for rapidly chaning industries
Alex787 [66]

The correct option is (c) i.e, The pilferage, scrap, and obsolescence category of inventory holding costs are much higher than average for rapid-change industries such as PCs and cell phones.

<h3>What does Inventory Holding Cost mean?</h3>

Expenses associated with keeping inventory at a warehouse are known as inventory holding costs. Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms.

Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.

Businesses must take demand planning and demand sensing into account when these prices rise. These technologies can help businesses keep the right amount of stock on hand.

Therefore, The category of inventory holding costs that are depicted, based on the information provided comprises pilferage, scrap, and obsolescence.

The complete question is:

Which category of inventory holding costs has a much higher percentage than average for rapid-change industries such as PCs and cell phones?

A) housing costs

B) material handling costs

C) pilferage, scrap, and obsolescence

D) investment costs

To know more about inventory holding costs refer to: brainly.com/question/15298484

#SPJ4

6 0
2 years ago
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,200 machine-hours
den301095 [7]

Answer:

Total budget =  $53,330

Explanation:

<em>The total overhead is an example d of a mixed cost. A mixed cost is that made up of a variable portion and a fixed portion. The variable portion is driven by the activity level- machine hours. While the fixed portion is independent of the machine hours</em>

Fixed overhead = 15,300 + 5,600+ 6600 = 27500

Variable overhead per hour = (54,560 -27500)/2200

                                             = $12.3 per hour

Budget for 2,100 machine hours

= 27,500 + ($12.3× 2100)

= $53,330

5 0
2 years ago
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