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Olenka [21]
3 years ago
9

ABC Credit Union has a Commercial Crime policy that includes Computer Fraud coverage. After an employee was tricked into making

an unauthorized wire transfer on the basis of fraudulent, emailed instructions, why would the insurer deny the claim?
Business
1 answer:
Alexeev081 [22]3 years ago
4 0

Answer:

The insurer will deny because the fraud is not computer fraud but funds transfer fraud.

Explanation:

This loss is under Funds Transfer Fraud, not Computer Fraud.

When a computer is the direct means used for the crime, it is a Computer fraud. Fund transfer fraud coverage is when an instruction or series of instructions was what made the fraudulent transfer to occur, the means by which the instructions were given are not considered.

The crime was not in the use of a computer to make the transfer. It was in the instructions that caused an employee to make the transfer, making it a funds transfer fraud loss, not a computer fraud loss.

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What are adjustable rates for life policy loans in florida based on?
cestrela7 [59]
The adjustable rates for life policy loans in Florida are based on Moody's Corporate Bond Index. These bonds have a maturity life of 30 years and are highly rated to earn more value and money as time progresses. The Moody Corporate Bond Index is also know as Moody's Seasoned Corporate Bond Yield.
8 0
3 years ago
Brown Fashions Inc.'s December 31, 2014 balance sheet showed total common equity of $4,050,000 and 290,000 shares of stock outst
Illusion [34]

Answer:

$15.17

Explanation:

Given that;

Beginning book value = $4,050,000

Net income = $450,000

Dividends = $100,000

Ending book value = Beginning book value + Net income - Dividends

Ending book value = $4,050,000 + $450,000 - $100,000

Ending book value = $4,400,000

Book value per share = Ending book value / Number of shares

Book value per share = $4,400,000 / 290,000

Book value per share = $15.17

3 0
3 years ago
In general, how many human resource employees would be on staff for a firm with 500 total employees?
zaharov [31]

For every 100 company employees, there is typically one HR employee. Therefore, to cover all of the firm's HR concerns, a company with 500 company employees would need 5 HR professionals.

<h3>In a corporation, how many managers are there?</h3>

The four most prevalent types of managers are team leaders, top-level managers, middle managers, and first-line managers. The daily responsibilities of these positions vary, but so do their overall responsibilities within the organization and the types of employees they are responsible for managing.

<h3>What exactly is an HR professional?</h3>

An HR professional is a person employed to advance both the company and its personnel. The ideal HR professional will create, update develop, and manages corporate policies to ensure the benefits of his business and its employees while adhering to international labor standards and best practices.

Learn more about HR professional: brainly.com/question/28080701

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5 0
1 year ago
What is known as the accounting equation?
Ksenya-84 [330]

Answer:

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7 0
3 years ago
John borrowed $6,000,000 for a period of 15 years.is interest rate is 8%. How much interest will John pay in all?
Reil [10]

Based on the information given the amount of interest that John pay in all is his $7,200,000.

<h3>Interest:</h3>

Using this formula

Interest=Amount borrowed×Number of years×Interest rate

Where:

Amount borrowed=$6,000,000

Number of years=15 years

Interest rate=8%

Let plug in the formula

Interest=$6,000,000×15×8%

Interest=$7,200,000

Inconclusion the amount of interest that John pay in all is his $7,200,000.

Learn more about interest here:brainly.com/question/16134508

7 0
3 years ago
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