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Aleksandr-060686 [28]
3 years ago
14

In purchasing life insurance, kelsey concealed the fact that she has a muscular disease. the insurance company can void the poli

cy if the muscular disease is found to be a material fact.
a. True
b. False
Business
1 answer:
olga2289 [7]3 years ago
3 0
<span>True, the life insurance company can void the policy if it is found that Kelsey lied about her muscular disease on an application. When filling out a life insurance policy application, it is expected that the applicant answers all questions truthfully to the best of their knowledge. Falsification of information on a document is grounds for the application to be voided. Some other laws may apply depending on the state for when the void may go into affect or how it could impact Kelsey's ability to re-apply for the policy.</span>
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Answer:

Big Money Monster

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$50 Unfavorable.

Explanation:

a) Data and Calculations:

                                       Fixed cost   Variable cost   Variable cost    Total

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Faculty wages                   $4,000             $0                   $20

Course supplies                $1,000             $10                  $50

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Budgeted number of students = 300

Budgeted number of courses = 15

Actual number of students = 280

Actual number of courses = 18

Actual Faculty wages = $4,200

Actual Course supplies = $4,800

Budgeted Costs:

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                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20          $4,300

Course supplies                $1,000             $10                  $50            4,750

Administrative expenses $2,000            $20                  $30            8,450

Budgeted costs:

Faculty wages = $4,000 + $0 + $20 * 15 = $4,300

Course supplies = $1,000 + $10 * 300 + $50 * 15 = $4,750

Administrative expenses = $2,000 + $20 * 300 + $30 * 15 = $8,450

Budgeted Cost of Course Supplies = $4,750

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Spending variance for Course Supplies = 50 Unfavorable

4 0
3 years ago
when an account holder uses a debit card to pay for a purchase at the point of sale, a. money is immediately taken out of the ch
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<span>c. money is deducted from the balance on the debit card.</span>
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3 years ago
A seller's willingness to accept is the same as his ________ cost of production.
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A seller's willingness to accept is the same as his marginal cost of production.

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During​ recessions, American firms lay off a larger proportion of their workers than Japanese firms do. ​ (It has been claimed t
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Answer:

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In the given question the missing choices is added in attached file please find it.

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Governments that centralize their risk financing activities should account for this activity in which type of fund?
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Answer:

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The Internal Service Fund record all transactions derived from the expenditures in the use of goods or services among government departments and agencies on a cost-reimbursement basis.

Thus, when reporting governmental financial activities, the can be recorded in the General Fund or the Internal Service Fund.

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