Yes it is unfair exactly like people can’t afford sometimes
Answer:
under the time payment of claims provision, the maximum time the insurer has to make payment for the claim is 60 days
Explanation:
time payment of claim provision is a provision that requires claims to nbe made within a stated days.
By legal actin provision, the insured is not allowed to take legal action against the insurer. This is due to the fact the claim legally run within 60 days. So, the maximum time frame the insured has to make a claim payment under the time payment of claim provision is 60 days
Answer:
Explanation:
Cost of sales 640+1810+1620=$4070
Operating Expenses 80+113=$193
Total Cost =4263
Unit produced =370
cost per unit =11.52
Sales revenue =250*14=$3500
Income statement
Revenue - 3500
Cost of sales 4070
Gross profit (570)
Operating Expenses (193)
Net loss (763)
Balance sheet
Inventory 1382.4
Equity 4800
Total asset 6182.4
Inventory is valued at $11.52 (lower of cost and net realizable value)
