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Free_Kalibri [48]
3 years ago
11

Lisa Smith has her age listed on her driver's license as being three years younger than it actually is. This is also how old she

tells her insurance company she is. Her insurance company has discovered she lied about her age. What provision of her life insurance contract states that her benefits will be what her premium would have bought if she had been truthful about her age?
- Misstatement of age
- Guaranteed insurability
- Cost-of-living protection
- Grace period
- Policy loan
Business
1 answer:
Pani-rosa [81]3 years ago
6 0

Answer:

Misstatement of age

Explanation:

Based on the information provided within this question it can be said that the term that describes what is happening in this situation would be Misstatement of Age. Like mentioned in the question this is a provision in many life insurance policies which adjusts the individuals premium to the actual price based on their age if there was an error with the individuals age in the policy. Which is exactly what has happened to Lisa Smith.

If you have any more questions feel free to ask away at Brainly

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Which of the following would you expect to decrease the demand for tennis racquets?
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Answer:

C) An increase in the price of tennis racquets

Explanation:

If tennis racquets become more expensive, the demand for them will decline, and people will try to supply this need with substitutes, for example, lacrosse raquets. The reason for this is that the classical supply and demand model tells us that demand and price are inversely correlated: if the price goes up, demand goes down, and viceversa.

3 0
3 years ago
The adjusting entry to record accrued revenue a.differs from the journal entry to record revenue on account. b.includes a debit
motikmotik

Answer:

D.

Explanation:

To accrue means to grow or to accumulate over time. In accrual accounting, if the revenue recognition criteria are met in the current period, revenue will need to be accrued in the current accounting period even if cash will not been received until a later accounting period.

Accrued revenues is a type of account that require adjustment, to register the unrecorded revenues that have been earned and for which cash has not yet to be received.

The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue. If the sale is for cash, debit cash instead. The revenue earned will be reported as part of sales revenue in the income statement for the current accounting period.

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8 0
3 years ago
Sources of retirement income include Social Security, other public ____ plans, employer pension plans, personal retirement plans
EastWind [94]

Social Security, other public pension plans, employer pension plans, personal retirement plans, and annuities or savings

<h3>What are retirement incomes?</h3>

This is the term that is used to refer to the income that a person would get after they have left active service.

The reason is so they can have a good life after they are no longer working and they are old.

Read more on retirement here:

brainly.com/question/3090325

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2 years ago
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Explanation:

example of something that is inelastic is a type of cancer medication

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Answer:

35,000 stocks

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