The gross premium is the total premium paid by the policy owner, and generally consists of the net premium plus the expense of operation minus interest
Answer:
True
Explanation:
This act is also known as the<em> Financial Services Modernization Act of 1999</em>, redefined the financial product industry in terms of making the limits between the financial institutions' area of work. Above all, it defined the customer as an individual who obtains financial products from financial institutions, primarily for personal and household needs.
Answer:Inventory on hand Balance at the end = $4620
Explanation:
The question is unclear with regards to the requirements. however having dealt with questions of this nature in the past, I will assume the question requires us to calculate the cost of inventory on hand.
Opening Inventory balance = 180 x $28 =$5040
Purchased inventory = 290 x $30 = $8700
Cash sale (330 x $44) = $14520
Purchase inventory (230 x 34 ) = $7820
Cash sale (55 x $44) = $2420
Inventory on hand Balance = 5040+ 8700 - 14520 + 7820 - 2420
Inventory on hand Balance at the end = 4620 = $4620
Answer: D. is a necessary, but not sufficient, condition for the maximization of profits.
Explanation:
In the labor market, the condition for equilibrium is that marginal revenue product of labor will be equal to the wage rate, abd also that MPL/PL=MPK/PK.
It should be noted that the equation MPL/PL = MPC/PC is a necessary, but not sufficient, condition for profit maximization.