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Vesnalui [34]
2 years ago
10

An insurance company receives an application with some information missing and issues the policy anyway. What is this called?

Business
1 answer:
AnnyKZ [126]2 years ago
6 0

Answer:

The correct answer to the following question is Waiver .

Explanation:

The term waiver can be defined as a legally binding provision , in which either of the parties entered in a contract , in their own free will forfeits a claim, and other party would not be liable. These waivers can be in written from or in some sort of action. Here the insurance company has removed the potential liability of the person who has filled the application form.

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Little LampLighter Inc has a book value of $10 million in debt; its bonds are trading at $900 and there are 11,000 outstanding.
kumpel [21]

Based on the amount of debt and equity that Little LampLighter has, the weighted average rate of return would be 12.3%.

<h3>What is the weighted average rate of return?</h3>

First find the total value of debt and equity:
= 10 + 25

= $35 million

The weighted average return is:

= (10 / 35 x 8%) + (25 / 35 x 14%)

= 2.286% + 10%

= 12.3%

Find out more on weighted average rate of return at brainly.com/question/17284158.

#SPJ12

7 0
2 years ago
Sea Company reports the following information regarding its production cost. Units produced 47,000 units Direct labor $ 40 per u
ratelena [41]

Answer:

Unitary variable cost= $95

Explanation:

Giving the following information:

Direct labor $ 40 per unit

Direct materials $ 33 per unit

Variable overhead $ 22 per unit

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

Unitary variable cost= 40 + 33 + 22

Unitary variable cost= $95

6 0
2 years ago
An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets and equity,
pychu [463]

The correct answer is "ending inventory of one period is the beginning inventory of the next period."

An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets, and equity, but also the next period's statements because ending inventory of one period is the beginning inventory of the next period.

That is why the manager has to be strict regarding the inventory of a company. Inventory has a cost that can be translated into money. So accountants have to be perfect regarding the inventory. So yes, ann error in keeping the inventory affects the company in that the ending inventory of one period is the beginning inventory of the next period. An internal audit can reveal the mistakes in accurately keeping the inventory. So it is better to put extra attention in the process so nothing wrong would be revealed after the audit.

7 0
3 years ago
Your boss has asked you to email a client to let her know that the company will be late in delivering a report she’s requested.
Vika [28.1K]

Generally, it is important to be upfront, express regret that the company can't meet the deadline, and tell the customer how the problem will be fixed.

4 0
3 years ago
How does a monopoly's demand for labor shift if a second firm enters its output market and the result is a cournot duopoly equil
shusha [124]

Answer: The demand is shared with the new company that enters the market.

Explanation: The Cournot duopoly is an imperfect competition model, that is, the law of supply and demand is not freely used, in which two companies with equal costs compete with homogeneous goods in a static environment, that is, with the same characteristics.

For example: A leading brand of soda in the market, get a competitor that has the same characteristics. People will prefer one of the two brands and they will always lead the market, but they will have to divide the market.

8 0
3 years ago
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