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
777dan777 [17]
3 years ago
14

How soon following the occurrence of a covered loss must an insured submit written proof of such loss to the insurance company?

Business
1 answer:
dolphi86 [110]3 years ago
6 0

Answer:

The answer is: Within 90 days; about 3 months.

You might be interested in
Perfect competition is the term used to describe: an industry in which a few price-taking firms produce identical products. an i
Olenka [21]
An industry in which numerous price-taking firms produce identical products.
8 0
3 years ago
23. The Geotechnical Considerations Decision Matrix can help identify situations in which ________ conditions are not suitable f
Vlada [557]
<h2>Howdy,</h2>

Answer- soil conditions

7 0
2 years ago
job ________ involves division of an organization’s work among its employees and application of motivational theories to jobs to
blondinia [14]
Job design. Hope this helps!!
5 0
3 years ago
Financing obtained from investors who believe the borrower will experience rapid growth and who receive equity (part ownership)
Jet001 [13]

Financing obtained from investors who believe the borrower will experience rapid growth and who receive equity (part ownership) in return is called Venture capital.

<h3>What is venture capital example?</h3>
  • Venture Capital (VC) is the term used to describe investment given by investors to small or newly established companies that have a promising future.
  • A venture capital fund is a type of private equity that is funded by institutional and private investors, including investment banks, insurance providers, and pension funds.

<h3>What is a venture capital in business?</h3>
  • A type of funding for creative, early-stage enterprises with significant growth potential is venture capital (VC).
  • For entrepreneurs and start-up businesses, venture capital provides financing and operational experience, generally, but not always, in technology-based industries like ICT, health sciences, or fintech.

<h3>What is venture capital and its types?</h3>
  • The use of venture capital funds at various phases of a firm determines how they are categorized.
  • Early stage financing, expansion financing, and acquisition/buyout financing are the three basic forms.
  • Early stage financing is divided into three subgroups.

Learn more about venture capital here:

brainly.com/question/19672360

#SPJ4

4 0
1 year ago
Foxy Investigative Services is an investigative services firm that is owned and operated by Shirley Vickers. On November 30, 201
crimeas [40]

Answer:

Foxy Investigative Services

1. Foxy Investigative Services

A. Income Statement  

For the Year Ended November 30, 20Y8

REVENUE            

Service Fees                                                         $675,500

Rent Revenue                                                             9,000

Total revenues                                                     $684,500

EXPENSES

Salaries Expense                      435,000

Rent Expense                             55,000

Supplies Expense                        11,850

Depreciation Expense-Building 10,000

Utilities Expense                          8,800

Repairs Expense                         4,250

Insurance Expense                     3,000

Miscellaneous Expense              11,100

Total expenses                                                   $539,000  

Net income                                                         $ 145,500

Retained Earnings                                                  70,300  

Dividends                                                              -30,000

Balance, November 30, 20Y8                           $185,800

Foxy Investigative Services  

B. Statement of Shareholders' Equity

November 30, 20Y8

Common Stock                                                     $40,000

Net income                                         $ 145,500

Retained Earnings                                   70,300  

Dividends                                               -30,000

Balance, November 30, 20Y8                           $185,800

Total stockholders' equity                                $225,800

Foxy Investigative Services

C. Balance Sheet

November 30, 20Y8

ASSETS

Current assets

Cash                                              27,500

Accounts Receivable                    71,800

Supplies                                         5,550

Prepaid Insurance                            750

Total Current Assets                                    $105,600

Building                                     330,500

Accumulated Depreciation      -184,100

Total property, plant, and equipment        $146,400            

Total assets                                                $252,000

LIABILITIES

Current liabilities

Accounts Payable                       16,100

Salaries Payable                          6,600

Unearned Rent                            1,500

Total Liabilities                                            $24,200

EQUITY

Common Stock                          40,000

Retained Earnings                    185,800

Total stockholders' equity                        $225,800

Total liabilities and stockholders' equity   $250,000

NB:  Liabilities + Equity side is short by $2,000 because the Trial Balance is not in balance.

2. Closing Journal Entries:

Account Title                                 Dr.               Cr.

Income Summary                     30,000

Dividends                                                          30,000

To close dividends to the income summary (Retained Earnings)

Account Title                                 Dr.               Cr.

Service Fees                             675,500

Rent Revenue                               9,000    

Income Summary                                        684,500

To close revenues to the income summary.

Account Title                                 Dr.               Cr.

Income Summary                     $539,000

Salaries Expense                                       435,000

Rent Expense                                              55,000

Supplies Expense                                         11,850

Depreciation Expense-Building                  10,000

Utilities Expense                                           8,800

Repairs Expense                                          4,250

Insurance Expense                                      3,000

Miscellaneous Expense                               11,100  

To close the expenses to the income summary.

3. Net Income remained $ 145,500.  Retained Earnings, beginning balance would have been reduced by $46,000.

Explanation:

a) Data and Calculations:

Foxy Investigative Services

End-of-Period Spreadsheet

For the Year Ended November 30, 20Y8

Adjusted Trial Balance

Account Title                                     Dr.               Cr.

Cash                                                27,500

Accounts Receivable                      71,800

Supplies                                           5,550

Prepaid Insurance                              750

Building                                       330,500

Accumulated Depreciation-Building               184,100

Accounts Payable                                              16,100

Salaries Payable                                                 6,600

Unearned Rent                                                   1,500

Common Stock                                                40,000

Retained Earnings                                           70,300

Dividends                                     30,000

Service Fees                                                 675,500

Rent Revenue                                                   9,000

Salaries Expense                      435,000

Rent Expense                             55,000

Supplies Expense                        11,850

Depreciation Expense-Building 10,000

Utilities Expense                          8,800

Repairs Expense                         4,250

Insurance Expense                     3,000

Miscellaneous Expense              11,100

Totals                                     1,003,100      1,003,100

Correct total of Debit side = 1,005,100           2,000

6 0
3 years ago
Other questions:
  • One difference between financial and managerial accounting is that the external users that use financial information must plan a
    15·1 answer
  • After reviewing the Law of Diminishing Marginal Returns, an economist would correctly conclude that in the short run: total prod
    10·1 answer
  • George manages inventory for a company. The company has been struggling to reduce production costs in all departments for severa
    6·1 answer
  • Teenage workers are assumed to have ________ labor supply, therefore a 5% increase in wage would result in ________ percentage c
    11·1 answer
  • A teenager arrives by private car. He is alert and ambulatory, but his shirt and pants are covered with blood. He and his hyster
    7·1 answer
  • Last year, Bad Tattoo Co. had additions to retained earnings of $4,780 on sales of $95,560. The company had costs of $75,720, di
    8·1 answer
  • 1.1
    12·1 answer
  • One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% o
    6·1 answer
  • The following data have been recorded for the production of Product A-11 in the current period. Direct materials cost was $2,079
    12·1 answer
  • Market competition is described as a:
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!