1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phoenix [80]
3 years ago
6

An agent has recently changed his email address. What must the agent do to comply with the regulation for change of address?

Business
1 answer:
Svetach [21]3 years ago
6 0

Answer:

Inform the department of Insurance within 30 days

Explanation:

Department of Insurance must be notified within 30 days of any change of address, residence, business or email . According to the Michigan Insurance Code, requires any agent, agency, solicitor, counselor, or adjuster to notify the director of any change in his or her mailing and electronic mail address within 30 days after the change.

You might be interested in
When it comes to investing, what is the typical relationship between risk and return?
bonufazy [111]
D i would think im not shure thoe
5 0
3 years ago
Read 2 more answers
During the second year of the equipment’s life, $21,900 cash is paid for a new component expected to increase the equipment’s pr
Alona [7]

Answer:

   S/N              ACCOUNT                                 DEBIT                  CREDIT

      1             Equipment                                   $22,000

                        Cash                                                                     $22,000  

                    Being payment for new component expected to increase the

                    equipment’s productivity by 10% a year

      2.           Equipment Repairs expenses      $6,250

                       Cash                                                                          $6,250

                    Being payment for equipment repair

     3.            Equipment                                       $14,870

                       Cash                                                                          $14,870

                    Being payment for equipment repair to prolong the useful life

                    the asset

Explanation:

The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.

Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.

The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is  expected to increase the equipment’s productivity by 10% a year.

The  $6,250  paid for normal repair is a revenue items which is to be expensed against the earning of that period.

The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.

7 0
3 years ago
The corridor is the ________________ section of the ______________________ curve of reserves in the federal funds market.
lys-0071 [83]
The corridor is the vertical section of the supply curve of reserves in the federal fund market.
8 0
3 years ago
Read 2 more answers
hen considering whether a holder took the negotiable instrument in good faith, the court looks only at the
Ilya [14]

Answer:

Explanation:

nsei kkkkkkkkkkkkkkkkkkkkkkkkkkao

8 0
3 years ago
Read 2 more answers
TarHeel Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased
ddd [48]

Answer:

TarHeel's accounting effective tax rate is 19.95%

Explanation:

The effective tax rate is the hypothetical tax rate adjusted for the tax cost or benefit from permanent difference.

the dividend received deduction reduces the Effective tax rate

= 50,000*21%

= 10,500/1,000,000

= 1.05%.

Effecttive tax rate is 21% - 1.05% = 19.95%

Therefore, TarHeel's accounting effective tax rate is 19.95%

5 0
3 years ago
Other questions:
  • Your business partner has proposed you to join him (her) in investing $100000 each in a new enterprise. assume that you have tha
    12·1 answer
  • Would you be interested in subscribing to 100 mbps ftth for a monthly price of $75? why or why not?
    12·1 answer
  • Kodak resisted making changes as the photography environment was moving from chemical to digital processes. Its ___ prevented th
    9·1 answer
  • Question 8
    13·2 answers
  • When a company purchases another company and the purchase price is greater than the fair value of the net assets acquired, this
    14·1 answer
  • Resale price maintenance occurs when: a. the manufacturer suggested retail price. b. minimum prices are enforced. c. consignment
    10·1 answer
  • Sourcing goods and services from locations around the globe is known as __________.
    6·1 answer
  • A document that describes the following items would be most likely called a :_________.
    15·1 answer
  • On September 1, 2021, Middleton Corp. lends cash and accepts a $13,000 note receivable that offers 9% interest and is due in six
    10·1 answer
  • When zoning deprives the owner of all economic value of her property, it will be categorized be scrutinized under the constituti
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!