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Svetlanka [38]
3 years ago
15

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

Business
1 answer:
Masja [62]3 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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Assume that an investor purchased a put option on BP with an exercise price of $1.900 for $0.0215 per unit. There are 31,250 uni
vladimir1956 [14]

Answer:

a. $203.125

Explanation:

Calculation to determine the net profit/loss on this option to the investor

Net profit/loss=((1.900 - 1.885) - 0.0215)(31,250)

Net profit/loss=(0.015-0.0215)*31,250

Net profit/loss=0.0065*31,250

Net profit/loss=$203.125

Therefore the net profit/loss on this option to the investor will be $203.125

8 0
3 years ago
The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:
Alinara [238K]

Answer:

Net income  = $725,625    

Earnings per share = $7.26 per share

Explanation:

The multiple-step income statement refers to an income statement that displays gross profit obtained as sales revenue minus cost of goods sold, and also shows an organization's operating revenues and operating expenses separately from its nonoperating revenues or gains and expenses or losses.

The multiple-step income statement can be prepared as follows:

Rollins Inc.

multiple-step income statement

For the Year Ended December 31, 2021

<u>Details                                                      $                             $             </u>

Sales Revenue                                                               5,400,000

Cost of goods sold                                                    <u>   (3,950,000)   </u>

Gross profit                                                                     1,450,000

<u>Operating expenses:</u>

Selling expense                                 (350,000)

General and admin expense          <u>   (250,000)   </u>

Total operating expenses                                            <u>  (600,000)  </u>

Operating income                                                            850,000

<u>Interest revenue (expense):</u>

Interest revenue                                     37,500

Interest expense                                 <u>  (20,000) </u>

Total Interest revenue (expense)                                      17,500

<u>Other compreh. income (loss):</u>

Loss on sale of investments               (10,000)

Loss on debt investments                 (125,000)

Gain on projected ben. obligation   <u>  235,000 </u>

Total other compreh. income (loss)                             <u>   100,000  </u>

Income before tax                                                           967,500

Income taxes (w.1)                                                        <u>   (241,875)   </u>

Net income                                                                   <u>   725,625    </u>

Earnings per share (w.2)                                                      7.26

<u>Workings:</u>

w.1: Income taxes = Income before tax  * Effective tax rate = $967,500 * 25% = $241,875

w.2: Earnings per share = Net income / Number of shares of stock outstanding throughout the year = $725,625 / 100,000 = $7.26

7 0
3 years ago
All other things being equal, the numerical difference between a present and a future value corresponds to the amount of interes
Valentin [98]

Answer:

im sorry but GOD BLEESED YOU

3 0
2 years ago
What best explains why any determination of cost must go beyond counting the money involved ?​
Hitman42 [59]
A process Of maximizing benefits Or minimizing costs.
3 0
3 years ago
Read 2 more answers
The leader-member exchange model (LMX)a. is based on subordinate contributions and leader inducements.b. clarifies the role of c
Reika [66]

Answer: Option C

 

Explanation: As per the leader- member exchange model,  the relationship between the senior and subordinate is based on the honesty and truth and extends beyond the employment relations.

This model is often used by the organisations that gives high importance to the employees and tries to maintain healthy relationships and positive environment within the workplace.

Hence from the above we can conclude that the correct option is C .

3 0
3 years ago
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