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Fofino [41]
3 years ago
15

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without b

eing penalized?
Business
1 answer:
kakasveta [241]3 years ago
4 0

Answer:

30 days after receiving notice of the changes

Explanation:

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?

An insurer is defined as- a person or company that underwrites an insurance risk; the party in an insurance contract agrees to pay compensation. Generally, the term insurer is synonymous  with the term insurance provider or insurance company.

A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.

In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.

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Zack has collected the following information for preparing his 2019 taxes: Gross income $74,000, tax credits $2,500, itemized de
Alexus [3.1K]

Answer:

Zack's adjusted gross income

His adjusted gross income is equal to his gross income minus eligible deductions.

Adjusted gross income (AGI) = gross income - deductions for AGI

                                                = $74,000 - $5,000

                                                = $69,000

Zack's taxable income

His taxable income is equal to his AGI minus itemized deductions minus tax prepayments minus tax credits.

Taxable Income = $69,000 - $2,500 - $8,400

                           = $58,100

3 0
3 years ago
Bob deposits the amount of $115 in his bank account today, and plans to deposit the amount of $150 in the same account one year
MrRa [10]

Answer:$559.50

Explanation:

Using the formula

PV   x (1 + r) ^ n = FV

where PV= Present value

  r= rate

 n=number of years

  FV= Future value

a) Future value to earn in 3 yrs for amount of $115

115 x (1+7.65%) ^3 =  $143.463

b) Future value to earn in 2 yrs for amount of $150

150 x (1+7.65%) ^2=  $173.8278

c)Future value to earn in 1 year for amount of $225

225 x (1+7.65%) ^1=   $242.2125

Total Amount Accumulated in three years =   $143.463 + $173.8278+  $242.2125 =$559.5033 = $559.50

6 0
3 years ago
There are over 100 companies that manufacture natural and artificial flavorings used to enhance the taste of food before it is s
makvit [3.9K]

Answer:

The answer is monopolistic competition.

Explanation:

Monopolistic competition refers to a market type where there are several producers who sell the same type of products, but differentiated from one another; thus making their products unable to be substituted for one another. This is the case in the scenario at the question; though there are multiple companies producing natural and artificial flavorings, due to the different in how they taste, each company’s product cannot be substituted with one another’s.

6 0
3 years ago
Read 2 more answers
when a seller advertises an item at an unbelievably low price to lure customers into a store, and then refuses to sell the adver
amm1812

When a seller advertises an item at an unbelievably low price to lure customers into a store, and then refuses to sell the advertised item and instead pushes a similar item with a much higher price and higher margin, the seller is participating in the illegal practice of bait and switch.

When deciding who is the customer, the focus should always be on the people using the product. They are the ones for whom value is being created and the reason why the market and the product exist. This can be a little tricky when a company sells its product as a component of another company's product.

Customers are people who use or need your products/services. The customer-centricity debate wants you to put them at the heart of your work. It makes sense. You'd like to create things that matter and make a difference.

A consumer is any person or group who is the final user of a product or service. Here are some examples: A person who pays a hairdresser to cut and style their hair. A company that buys a printer for company use.

Learn more about customers here brainly.com/question/380037

#SPJ4

6 0
2 years ago
The break-even salvage value of a particular project is the salvage value necessary to: a. offset any losses incurred by the sub
never [62]

Answer:

b. achieve a zero net present value for the project.

Explanation:

Break-even point at the level of activity where a project or a business makes no profits or losses. It is the point where revenues match costs. The break-even salvage value of a particular project is the level where the projects return equal to the required rate of return. Therefore, the project does not create losses, nor does it make profits.

In the Net present Value analysis, a project will have positive, zero , or a negative net present value. A zero present value, the required rate of return of the projects match the discount rate, which is the expected rate of return. The break-even salvage value is, therefore, the level where the net present value is zero.

5 0
3 years ago
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