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3 years ago

Which rating classification is typically used in the senior marketplace so that policies can be issued without a medical exam?

Business

1 answer:

Vadim26 [7]3 years ago

4 0

The classification that is used in the senior market place is the lien plan

Explanation:

This type of plan is most often used with the senior life insurance plan and these plan are mainly to provide the most minimal benefits without the medical examination

In this plan only the one premium will be refunded and that too it assures only in the case of death and later the benefits take over the time and finally the face amount will be payable. This is the demand for repayment and there cannot be full assurance if the company will provide us or not

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Lina Co. uses the allowance method to account for bad debts. On January 28, Lina determines that a $200 balance from ZRT, Inc. i

elena55 [62]

Answer:

c) credit to Accounts Receivable - ZRT.

f) debit to Allowance for Doubtful Accounts.

Explanation:

As for the information provided,

We know in allowance method, provision is created as and when there are doubtful debts, for which entry is

Bad Debts Expense Account Dr.

To Allowance for doubtful debts.

And when the bad debts are actually written off then,

The entry will reduce the balance of accounts receivables and that of allowance as well.

Entry will be:

Allowance for Doubtful debts A/c Dr.

To Accounts Receivables.

Thus, correct options shall be:

Option c) and f)

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3 years ago

How did the extra, one-time payment of $100 affect the total interest Janet pays on the loan?

Shkiper50 [21]

Amortization simply means the practice of spreading the cost of an intangible asset over the useful life of the asset.

Your question is incomplete as you didn't provide the amortization table. Therefore, an overview of amortization will be given.

It should be noted that amortization is usually expensed on a straight-line basis. In such a case, the same amount will be expensed for every period over the life of the asset.

For example let's assume that Janet borrows $2000 at 4% for 2 years. The interest that will be paid will be:

= $2000 × 4% × 2

= $2000 × 0.04 × 2

= $160

The interest here is $160. Based on the question, since $100 has been paid, it should lead to a lower interest that will be paid on the loan.

Read related link on:

brainly.com/question/25443577

7 0

3 years ago

Two of the major disadvantages of the ________ organizational approach are that projects may lack focus and it can take longer t

SSSSS [86.1K]

Two of the major disadvantages of the functional organizational approach are that projects may lack focus and it can take longer to complete projects.

A project is any task, executed personally or collaboratively and possibly regarding research or design, this is cautiously planned to gain a specific purpose.

Definitely placed, a mission is a sequence of tasks that want to be finished to reach a particular final results. A undertaking also can be defined as a hard and fast of inputs and outputs required to obtain a selected aim. initiatives can variety from simple to complex and can be controlled via one individual or 100.

A mission definition (also called a task constitution) is a document that establishes the key targets and phrases of a task. proper mission definition paves the manner for on-time and on-budget shipping because it lowers the hazard of scope creep, budget overrun, and worker burnout.

Learn more about projects here:brainly.com/question/25009327
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8 0

2 years ago

A permanent fund classified under governmental funds ... A. Accounts for most of the basic services provided by the governmental

Wewaii [24]

Answer:

D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.

Explanation:

Based on the scenario been described in the question, we can say that a permanent fund classified under governmental funds are accounts for resources that are legally restricted so only earnings, not principal, may be expended. We have government funds as special service funds and debt service funds. so we this explanation, we can see that the best is option D which is the correct answer.

7 0

3 years ago

Read 2 more answers

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company

olchik [2.2K]

Answer:

Explanation:

The complete question:

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Month

1 2 3 4

Throughput time (days) ? ? ? ?

Delivery cycle time (days) ? ? ? ?

Manufacturing cycle efficiency (MCE) ? ? ? ?

Percentage of on-time deliveries 78 % 73 % 70 % 67 %

Total sales (units) 2330 2230 2116 2036

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Average per Month (in days)

1 2 3 4

Move time per unit 0.8 0.4 0.5 0.5

Process time per unit 3.4 3.2 3.0 2.8

Wait time per order before start of production 23.0 25.2 30.0 32.3

Queue time per unit 4.3 5.1 6.0 7.0

Inspection time per unit 0.6 0.9 0.9 0.6

Answer:

1. Compute the new throughput time.

2. MCE?

The answer has been attached as documents, please check through.

4 0

3 years ago