Answer:
use-and-file rating law
Explanation:
File-and-use rating laws are insurance rules that allow an insurance company to use new rates before they are approved by the state. File-and-use rating laws allow the insurer to use new rates immediately, with the risk that any rate change will be mitigated if the insurance regulator determines the change is not appropriate.
Answer:
The correct answer is B
Explanation:
The net cost of goods is computed as if the paid in the discounting period:
Net Cost of goods = Inventory cost - (Inventory cost × Discounting percentage)
where
Inventory cost is $9,000
Discounting percentage is 2%
Putting the values above:
Net Cost of goods = $9,000 - ($9,000 × 2%)
Net Cost of goods = $9,000 - $180
Net Cost of goods = $8,280
Therefore, the amount of $8,280 will be paid by the company if paid within the discounting period and avail the discount of $180.
Answer: A - Throughout the course of the trading day, an investor performs several cash transactions in his account which total $12,000.
Explanation: Currency Transaction Reports mandated by Anti-Money Laundering rules require a report to be filed when any of the below stated transactions occur in an account.
1. If the daily aggregate cash transactions of an individual exceeds $10,000
2. if 2 different transactions within a 12 months period seems related and their aggregate exceeds $10,000 must be reported.
3. Any suspicious customers action that suggest that they are laundering money or otherwise violating federal criminal laws and committing wire transfer fraud, check fraud, or mysterious disappearances should be reported
Answer: False
Explanation:
Total Revenue is the total amount that is received in return on sales of goods and services.
It is calculated as Price multiply by Quantity.
If the price of a product increases the revenue would also increase ceteris paribus( all things being equal). If the price of a product was $10 and 4 units were purchased Total revenue would be $40 and if price increases to $20 and 4 units were still purchased total revenue would be $80 assuming that we’re not taking into consideration any other factor like elasticity or type of good.
If price increases revenue increases too.
<span>
<span><span>Depreciation is a </span>sunk cost. </span></span>It is the value lost on an asset
after consumption. In accounting, depreciation cost qualifies as a sunk cost
because it is already lost and cannot be recovered. For that reason, it is
correct to ignore depreciation cost when determining the future course of a
business.
