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Katen [24]
3 years ago
9

Which of the following best describes the consideration on the part of an insurer?

Business
1 answer:
ehidna [41]3 years ago
4 0

Answer:

B) The promise to pay in the event of a covered claim

Explanation:

The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. In insurance matter of contracts, the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. Most non insurance contracts are fluctuating contracts. The amount of attention given by both parties are almost equivalent.

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McLin, Inc., is a calendar year S corporation. Its AAA balance is zero. Determine the tax aspects of the following transactions.
S_A_V [24]

Answer:

$10,000

Explanation:

Given that:

McLin holds $90,000 of AEP,  this implies what is salary is made of;

Tobias, the sole shareholder, has an adjusted basis of $80,000 in his stock.

Tobias is paid a $90,000 salary income.

Ignore the 20% QBID

We are to determine the  tax aspects of the  transactions

Since the company receives a  $90000 for salary expense. Thus Tobias basis is zero, then :

The tax aspect of the transaction  is : ($90000 - $80000)

The tax aspect of the transaction = $10,000

7 0
3 years ago
The Real Estate Recovery fund is financed through money received from administrative fines and surcharges on new and renewing li
Lelu [443]

Answer:

The correct answer is:  $1,000,000 (one million dollars).

Explanation:

The Real Estate Recovery fund is the poll of money collected to refund people who have been affected somehow by real state brokers or salespeople. Fraud, misrepresentation or deceit are considered for his purpose and it is given only when no benefit can be provided to the person affected after court. If the amount implied is greater than $1,000,000 (one million dollars) the Real Estate Recovery Fund is unable to provide any reimbursement aid.

3 0
3 years ago
Firms are institutions that organise​ _____ of goods and services.
Zinaida [17]

Answer:

The correct word for the blank space is: the production.

Explanation:

A firm is a business or organization that produces goods or services on a for-profit basis. While the term is typically related to law firms, it applies to an array of entities. For example, a firm can be a corporation which is a legal entity that is separate from its owners and enjoys the right to entering contracts, loan, and borrow money or conduct other business.

3 0
3 years ago
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
Y_Kistochka [10]

Answer:

Product cost= $75

Explanation:

Giving the following information:

Variable costs per unit:

Direct materials $17

Direct labor $47

Variable manufacturing overhead $11

Under the variable costing method, the unitary product cost is calculated using the direct material, direct labor, and unitary variable overhead:

Product cost= 17 + 47 + 11= $75

6 0
3 years ago
What are the risks of foreign outsourcing?
Fudgin [204]
The risks of foreign outsourcing is that they could stop trading with you.
7 0
2 years ago
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