Answer:
The correct answer is letter "D": Insurance companies will only cover losses suffered while the policy is already in place.
Explanation:
Regardless of the type of insurance you purchase, the purpose of the coverage is having a policy in case an unexpected unfortunate event takes place. <em>Insurances do not enroll individuals who need the policy just because of an ongoing accident</em>. Those individuals could enroll in an insurance plan but the ongoing accident will not be covered by the company. Only those events happening when the policy is already valid are subject to evaluation for coverage.
Answer:
Shally will not having any amount of bad debt deduction for the present year.
Explanation:
In the present year, Shally will not having any amount of bad debt deduction because she has a gain or income of $5,000. As, last year she has account receivable of $60,000 but this year she settled the account by receiving the $65,000 amount. So, she has received more amount than the basis in the receivable. Therefore, she will not have any bad debt deduction this year.
Answer:
Discourage Torri from continuing. Encourage Julie to continue.
Explanation:
The progress of all trainees is tracked. Those not showing good progress are moved to less demanding programs. This means that there is hope of still doing/getting a job, if they don't pass this test.
REQUIREMENT: By the 10th time doing the test, trainees must be able to complete the task in a maximum of 1 hour.
1st Trainee: Torri Olson-Alves
5 hours on Unit 4; 4 hours on Unit 8
Should Torri be encouraged to continue? NO.
There are 10 units or repetitions in all. If Torri spends 5 hours on Unit 4 and spends 4 hours on Unit 8, then Torri is slow or isn't making much progress. After 4 repetitions, her marginal product only increased by an hour. She most likely won't make it to 1 hour by the 10th repetition.
2nd Trainee: Julie Burgmeier
4 hours on Unit 3; 3 hours on Unit 6
Should Julie be encouraged to continue? YES.
Julie makes a progress of 1 hour after 3 repetitions. We can predict that after another 3 repetitions (on Unit 9) progress would be made again and by Unit 10, she would have met the required benchmark.
