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Cerrena [4.2K]
3 years ago
10

A Life Settlement Broker is exclusively the representative of the __________ who seeks to sell his interest in the policy.

Business
2 answers:
____ [38]3 years ago
8 0

Answer: The life policy owner

Explanation: a Life insurance policy is a policy where the a person(insured) agrees to pay certain amount periodically to an insurance company(insurer or assurer) to gain some terminal benefits.

A life settlement Broker is a person who acts in place of the owner of the life policy especially as it has to do with the buy or sale of a life policy when needed. Life policy brokers are regulated by the Department of insurance through the states in the United States of America.

Line insurance settlement brokers are lincensed by by the state through the regulatory body appointed or acting for the government.

mote1985 [20]3 years ago
6 0

Answer:

Policy owner

Explanation:

A Life Settlement Broker must be a practicing, experience and licensed Life agent who represents the owner and performs a fiduciary duty to the owner to act in accordance with the owner's best interest and instructions.

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During the month of May, direct labor cost totaled $20,405 and direct labor cost was 55% of prime cost. If total manufacturing c
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Answer:

$36,500

Explanation:

Calculation for manufacturing overhead

Direct labor = $20,405

The Total manufacturing cost = $73,600

Prime cost = Direct labour cost ÷0.55

Prime cost = $20,405 ÷ 0.55 =

Prime cost = $37,100

Using this formula for Tot Manufacturing cost

Total manufacturing cost = Prime cost + Manufacturing overhead cost

$73,600 = $37,100 + Manufacturing overhead cost

Manufacturing overhead cost = $36,500

Therefore tthe manufacturing overhead was:$36,500

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3 years ago
At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 ga
Montano1993 [528]

Answer:

Option (a) is correct.

Explanation:

Average of quantity supplied:

= (70,000 + 30,000) ÷ 2

= 50,000

Percentage change in quantity supplied:

= (70,000 - 30,000) ÷ 50,000

= 0.8

Average of price change:

= (8 + 4) ÷ 2

= 6

Percentage change in price:

= (8 - 4) ÷ 6

= 0.667

Therefore,

Elasticity of supply in the market for gadgets:

= Percentage change in quantity supplied ÷ Percentage change in price

= 0.8 ÷ 0.667

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6 0
3 years ago
Prepare separate entries for each transaction for Cullumber Company. The merchandise purchased by Pharoah Company on June 10 cos
AfilCa [17]

Answer:

J1

Cost of Sales $3,770 (debit)

Merchandise $3,770 (credit)

J2

Merchandise $230 (debit)

Cost of Sales $230 (credit)

Explanation:

When Cullumber Company sells goods to Pharoah Company the entries to recognize the cost of sale and decrease in inventory will be :

Cost of Sales $3,770 (debit)

Merchandise $3,770 (credit)

When Pharaoh Company returns goods to Cullumber Company, the entries to de-recognize the cost of sale and recognize the replenishment of inventory will be :

Merchandise $230 (debit)

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5 0
3 years ago
Do you think that you could successfully negotiate a fair price for a car? If yes,
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Answer:

I think personally I could negotiate a fair price to both respective ends of the deal.

Explanation:

1. To look up the car´s prices on websites and look for the highest and lowest cost and average between there!

8 0
3 years ago
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