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4 years ago

Which of the following is not a duty of the California Insurance Commissioner?

Business

1 answer:

Masja [62]4 years ago

8 0

Answer:

writing insurance laws

Explanation:

The given question is incomplete and full is here:

Which of the following is NOT a duty of the Insurance Commissioner?

A. maintaining records

B. issuing certificates of authority to transact insurance business

C. writing insurance laws

D. conducting hearings

answer is C because there is authority known as NAIC (National Association of Insurance Commissioners) to formulate and regulate insurance laws

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After the first two entries in the closing process have been recorded and posted, the debits and credits to Income Summary are $

Dafna1 [17]

The answer is $10,000 net loss.

Given,

The debits and credits to Income Summary are $90,000 and $80,000, respectively.

An income summary is also known as an Income statement.

The debit side of this statement contains the expense for the period.

And the credit side of this statement contains the income for the period.

Therefore, according to the given information expenses are $90,000 and income is $80,000.

Since expenses incurred are greater than the income generated. There is a net loss for the current period.

The amount of the net loss will be calculated as follows:

Net loss = Amount of expenses - Amount of income

= 90000 - 80000

= $10,000

Hence, the amount of net loss for the period is $10,000.

Learn more about Income summary:

brainly.com/question/24498019

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6 0

2 years ago

Anthony has a college savings account with $8,657 in it. He has $347 in his checking account.

sasho [114]

Answer:

$13,363

Explanation:

Net-worth is the difference between an individual's assets and liabilities. In other words, net-worth is equal to assets - liabilities.

Anthony's assets

College savings account $8,657

checking account $347

Cash $45

Pair of Jordan's $4500

Total assets $13,549

His liabilities

A personal loan from Yenny $186

Net-worth = $13,549- $186

=$13,363

7 0

3 years ago

The unequal distribution of wealth, income, power, and poverty is called

OverLord2011 [107]

The answer to this question is social inequality. Social inequality is the unequal amount of opportunity and reward that is given to a person depending on their race, gender, age, or class. Social inequality can be categorized into 5 types such as political inequality, income inequality, life inequality, inequality of membership, and inequality of treatment.

5 0

4 years ago

oneycutt Co. is comparing two different capital structures. Plan I would result in 39,000 shares of stock and $108,000 in debt.

Mila [183]

Answer:

All equity plan:

EPS = $160,000 / 42,000 = $3.81

Plan I:

EPS = [$160,000 - ($108,000 x 7%)] / 39,000 = $152,440 / 39,000 = $3.91

Plan II:

EPS = [$160,000 - ($324,000 x 7%)] / 33,000 = $137,320 / 33,000 = $4.16

Plan II is better since the resulting EPS is higher than the other alternatives.

8 0

3 years ago

Tom sells his father's watch for $100 to sue. he later finds out from his father that the watch was an expensive rolex. tom want

Daniel [21]

The court would rule in sue's favor because courts seldom inquire into the adequacy of consideration.

In contracts, consideration just means the exchange of things of value. There has to be an exchange of things of value for there to be an enforceable contract, and in this case a watch was exchanged for money. It is rare for courts to rule on how much consideration is expected because people are generally free to set their own prices and not sell if the price is too low. That is not for a court to decide (in most cases).

8 0

3 years ago