Replacement rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance.
Insurance refers to a type of risk management in which the insurer provides the insured with protection from risks of all kinds - financial, health, accidental, etc.
The insured is also called the policyholder, and he makes a payment called premium to be insured. If the specified event for which the insurance cover is provided takes place, the insurer is bound to compensate the insured financially.
A replacement rule delineates the process in which the premium payments on existing policy is discontinued or forfeited, and a new policy is purchased.
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Answer:Not the kind that people might laugh at or that might smoosh your hair, ... Change Agent. ... The best leaders put on their delegator hat willingly and strategically to ... With the right environment, resources, skills and knowledge,
Explanation:
Answer:
A: Demand of euros in foreign market.
B: Supply of Euros
C: Demand of Euros
D: Demand of Euros
E: Supply of Euros
F: Demand of Euros
G: Supply on Euros.
The question is incomplete as the figures are missing. The complete question is,
Fosnight Enterprises prepared the following sales budget:
Month Budgeted Sales
March $6,000
April $13,000
May $11,000
June $20,000
The expected gross profit rate is 20% and the inventory at the end of February was $7,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May?
Answer:
Purchases - May = $10960
Explanation:
To calculate the total value of purchases that are budgeted for May, we first need to calculate the cost of goods sold and the opening and closing inventory for May.
As the gross profit margin is 20%, the cost of goods sold will be 80% of sales.
Cost of goods sold for May = 0.8 * 11000 = $8800
Cost of goods sold for June = 0.8 * 20000 = $16000
Opening inventory - May = 8800 * 0.3 = $2640
Closing Inventory - May = 16000 * 0.3 = $4800
Purchases = Closing Inventory + Cost of Goods Sold for the month - Opening Inventory
Purchases - May = 4800 + 8800 - 2640
Purchases - May = $10960
Answer:
relationship era.
Explanation:
The consulting company in Waikiki uses technology to built emotional bond with its customers. This determines that the company is using concept of relationship era. Companies believing in Relationship marketing era focus on creating long term relationship with its existing and prospective customers. The business wants to create an emotional relation with its customers so that they remain loyal to the business.
