Answer:
A retroactive date endorsement
Explanation:
In Insurance, a retroactive date endorsement is used for most claims-made policy forms.
For a claims-made policies, the date which a professional liability coverage begins, covering for any incident that causes damage or harm to a third party on or after the date it occurred, provided the claims relating to it were filed with an active liability insurance coverage, is known as the retroactive date endorsement.
Hence, Bernice should add a retroactive date endorsement to the policy to protect the insurer against liability for such previous losses.
Answer:
(a) future value = $2041396.79
(b) future value = $862308.06
(c) financially suggest to invest early so that here amount fetch maximum returns
Explanation:
given data
rate = 9%
solution
when we invest = $100,000
time t = 35 year
so we get here future value FV
FV = Present value × ...................1
FV = $100,000 ×
FV = $2041396.79
and
when time will be 25 year
future value will be
FV = Present value × .................2
Fv = $100,000 ×
FV = $862308.06
and
we can see difference is large because of the compounding effect
so the financially suggest to invest early so that here amount fetch maximum returns
Answer: B. Cats in a bag
Explanation:
oligopolistic firms is a small number of firms who realize that they all constitute such a small number of firms that they enjoy a lot of power together. so together they are cats in a bag.
Answer:
the 4 key aspects
Explanation:
ethical, legal, economic and philanthropic.
Answer:
$87,120
Explanation:
The computation of the deferred tax asset for the NOL carryforward is shown below:
= (Loss for year 2021 - income for year 2020) × tax rate
= ($600,000 - $358,000) × 36%
= $242,000 × 36%
= $87,120
Since there is a loss in year 2021 and income in year 2022 which is to be adjusted and the same is shown above
Therefore the deferred tax assets for the NOL carryforward is $87,120