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
Sindrei [870]
4 years ago
12

Omni Insurance Company violates a state licensing statute when selling an insurance policy to Petra, in whose state Omni is not

licensed to sell insurance. As a member of the class of persons protected by the statute, Petra can:________.
a. only recover the amount of the premiums paid.
b. enforce the policy or recover the amount of the premiums paid.
c. only enforce the policy.
d. do nothing with respect to the policy.
Business
1 answer:
sineoko [7]4 years ago
7 0

Answer:

b. enforce the policy or recover the amount of the premiums paid.

Explanation:

Petra being a a member of the class of persons protected by the statute is a big advantage. This translates to lesser or no punishments at all for defaulting the set rules and protocols of insurance in his/her state.

This means Petra can either enforce the law as a top person or recover the amount of premiums paid.

You might be interested in
Which of the following describes a saturated market?
docker41 [41]

Answer:

D. Most potential buyers already have a product that satisfies this need or want.

Explanation:

A saturated market is one that is not creating additional demand for a product. It means demand for a particular product has reached its optimal level. In a saturated market, the sales growth of a product stagnates.  All potential buyers have a product they are happy to consume. New entrants will have a challenge penetrating a saturated market.

7 0
3 years ago
Read 2 more answers
Melba purchases land from Adrian. Melba gives Adrian $225,000 in cash and agrees to pay Adrian an additional $400,000 one year l
Scorpion4ik [409]

Answer:

  • Melba's adjusted basis for the land at the Acquisition date is $625000
  • Melba's adjusted basis for the land one year later is $645000

Explanation:

The adjusted basis for a property/land is the net cost of the property after adjusting for factors that might attract tax as related to the land

The adjusted basis for the land at the acquisition date is the net cost of the land at the acquisition date which will be ( $225000 + $400000 ) because that was the net cost of the Land at the date of acquisition before an agreement was later reached by Melba requiring him to pay $400000 plus an interest of 5%

Hence the adjusted basis for the land one year later will be

=  ( $225000 + $400000 ) + 5% of $400000

= ( $625000 ) + $20000

= $645000

6 0
3 years ago
Congress would like to increase tax revenues by 10 percent. Assume that the average taxpayer in the United States earns $65,000
SSSSS [86.1K]

Answer: <em><u>16.5% is the average tax rate that will result in a 10 percent increase in tax revenues.</u></em>

Explanation:

This is an example of static forecasting since no time parameter is involved.

Now,

Let initial revenue be "R" ,

"n" be no. of taxpayer

∴ R= 65000×0.15×n

R +0.1R= 65000×rate×n

Using the above two equation, we'll get ;

<u><em>r = 16.5%</em></u>

7 0
4 years ago
In the formula Y = a + bX, X represents the estimated Blank______. Multiple choice question. total amount of the allocation base
irina1246 [14]

In the formula Y = a + b X, X represents the estimated total amount of the allocation base.

What is total amount of allocation base?

Cost accounting assigns overhead expenses using an allocation base. A quantity, such as the number of machine hours utilized, kWh consumed, or occupied square footage, might serve as an allocation base.

What are overhead expenses?

Rent, insurance, and utility charges are examples of overhead expenditures that go into running a business. Operating costs are necessary for the firm to function and cannot be avoided. Regular reviews of overhead costs are necessary to improve profitability.

What is cost accounting?

Assigning costs to cost items, which often comprise a corporation's goods, services, and other activities involving the company, is the process of cost accounting. Cost accounting is beneficial since it can show a company where its money is going, how much it makes, and where it is losing money.

Learn more about cost accounting: brainly.com/question/14758675

#SPJ4

3 0
2 years ago
The summer internship is five weeks long, approximately 30 hours per week for 150 hours total.
avanturin [10]

Answer:

true

Explanation:

8 0
3 years ago
Other questions:
  • The reference table shows the production possibilities for tuneland. what is the opportunity cost to tuneland of increasing the
    8·1 answer
  • Accounts Receivable has a balance of​ $34,000, and the Allowance for Bad Debts has a credit balance of​ $3,400. The allowance me
    7·1 answer
  • Which one of the following represents the minimum rate of return a firm must earn on its assets if it is to maintain the current
    8·1 answer
  • A company's Cash account shows a balance of $5,600 at the end of the month. Comparing the company's Cash account with the monthl
    12·1 answer
  • Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicat
    11·1 answer
  • Cornerstone, Inc. has $125,000 of inventory that suffered minor smoke damage from a fire in the warehouse. The company can sell
    8·1 answer
  • A high-tech computer company reported the following information in a recent annual report (all dollar amounts are expressed in m
    13·1 answer
  • True or false: Smart strategic leaders devise ways to make sure that their employees feel invested in the firm's vision. True fa
    11·1 answer
  • True or false? when accepting a credit card for payment, the medical assistant should verify the name and the expiration date on
    6·1 answer
  • As leverage increases, the separation between the re increases for different rates of return to assets?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!