Misrepresenting pertinent policy provisions relating to coverage after a loss is an unfair claim settlement practice.
Pertinent policies are those facts which tend to prove the allegations of the party offering them and those which have no such tendency are called impertinent.
When something is pertinent, it means it is significant. It will have an impact on the decision or the outcome.
Therefore, if the pertinent policy is misrepresented, it becomes an unfair claim settlement practice.
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Answer:
The European Union
Explanation:
The formation of European Union and appearing as Political Union (Type of Free trade Area) has set standards for all the members to defend its country exports against foreign countries and designed foreign policies and internal policies.
This has forced its members to transform its fiscal policy and unified the imposed duties and taxes on the import which helped many products manufacturer to consider the europe as a whole a single country and design their strategy accordingly to ensure its place in the market and bring maximum out.
If you hold this security to maturity, your yield to maturity is <u>9.89%</u> while your rate of return is <u>9%</u>.
<h3>What is the yield to maturity?</h3>
The yield to maturity (YTM) refers to the total rate of return earned by a bond when it makes all interest payments and repays the original principal.
YTM is equal to a bond's internal rate of return (IRR) if the bond were held to maturity.
<h3>Data and Calculations;</h3>
Face value of security = $500
Price paid today = $455
Yield to maturity = (Face Value/Current Price) x (1/Years to Maturity) - 1
= $500/$455 x 1/1 - 1
= 0.0989
OR
Yield in dollars = $45 ($500 - $455)
= 0.0989 ($45/$455 x 100)
Rate of return = 9% ($45/$500 x 100)
Thus, if you hold this security to maturity, your yield to maturity is <u>9.89%</u> while your rate of return is <u>9%</u>.
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The gross method of recording the sale is recording an account
at its original price no deductions of the cash discounts offered.
Perpetual Inventory system bring up-to-date the inventory accounts
when there is an acquisition or sale.
The journal entry would be:
Debit:
Accounts receivable 7,800
Cost of goods sold 4,500
Credit:
Sales 7,800
Merchandise inventory 4,500
Joint Commission on Accreditation of Healthcare Organizations