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Reika [66]
3 years ago
12

"The __________ provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force."

Business
1 answer:
Vesna [10]3 years ago
6 0

Answer:

The correct answer is Reinstatement.

Explanation:

The Reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force.

A reinstatement clause is a clause in insurance policy which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.

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Atlas Company builds swimming pools. Atlas budgets that they will sell 14 pools during the month of April at a price of $20517 p
DENIUS [597]

Answer:

Master Budget Variance = -$25,986 Unfavorable

Explanation:

Master Budget Variance = Standard or Budgeted Sales Value - Actual Sales Value

Budgeted Sales Value = 14 pools for $20,517 per pool = $287,238

Actual Sales Value = 12 pools for $21,771 per pool = $261,252

Master Budget Variance = $287,238 - $261,252 = $25,986

Since actual sales value is less than budgeted sales, the variance is unfavorable.

Master Budget Variance = -$25,986 Unfavorable

7 0
3 years ago
Charles Wilson, the CFO of Sunland Automotive, Inc., is putting together this year's financial statements. He has gathered the f
Sholpan [36]

Answer:

The long term debt is $167,721

Explanation:

Workings are attached.

Download xlsx
6 0
3 years ago
Read 2 more answers
Aircraft Products, a manufacturer of aircraft landing gear, makes 2,100 units each year of a special valve used in assembling on
ziro4ka [17]

Answer:

Increase by $31,500

Explanation:

Calculation to determine the operating income

First step is to calculate the Total relevant cost

DIFFERENTIAL ANALYSIS

MAKE BUY

Variable cost $144,900 $0

(2,100*$69)

Fixed cost $46,200 $0

(2,100*55*40%)

Purchase cost $0 (2100*76) = $159,600

Total relevant cost $191,100 $159,600

Now let determine the Increase or decrease of the company's operating income

Increase by =($191,100- $159,600)

Increase by = $31,500

Therefore Buying the valves from the outside supplier instead of making them would cause the company's operating income to: Increase by $31,500

4 0
3 years ago
Training new personnel who just started working at the office fits under which administrative
Scilla [17]

Answer:

personnel management.

Explanation:

Training new personnel who just started working at the office fits under personnel management.

Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.

Hence, the main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.

5 0
3 years ago
Consider the above table. if the government imposes a price ceiling on garbanzo beans of? $8, what would be the likely? result
viktelen [127]
On the off chance that the government forces a  price ceiling on garbanzo beans of $8 it will come about the market equilibrium will be reached. 
Market equilibrium is a state in which the market supply in the market is equivalent to the request in the market. The equilibrium price is the cost of a decent or administration when the supply of it is equivalent to the interest for it in the market.
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4 years ago
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