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Vinil7 [7]
3 years ago
6

The Superintendent can examine an authorized fraternal benefit society and property/casualty insurance company once every:______

___
A) 12 months.
B) 18 months.
C) 3 years.
D) 5 years.
Business
1 answer:
IgorC [24]3 years ago
8 0

Answer:

correct option is C) 3 years

Explanation:

solution

superintendent authorizing a person to act  as an insurance producer

all records must be kept available for inspection or examination by the superintendent for a period  of at least 3 years after completion of the respective transaction

and for the purpose of investigation or examination by the  superintendent

so superintendent examine once every 3 years

correct option is C) 3 years

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MC TOOLS makes hammers.
Nataliya [291]

Answer:

$1,143,000

Explanation:

materials per hammer = $9 x 0.5 pounds = $4.50

units sold during March = 500,000

units sold during April = 500,000 x 101% = 505,000

May's sales = 510,000

beginning inventory of finished goods in April = 190,000

beginning inventory of raw materials in April = 260,000

production schedule for April:

budgeted sales = 505,000

- beginning inventory = -190,000

+ desired ending inventory = 510,000 x 40% = 204,000

units to be produced during April = 519,000

materials required during April:

scheduled production = 519,000 hammers

raw materials required = 259,500 pounds

- beginning inventory = -260,000 pounds

+ desired ending inventory = 510,000 x 0.5 x 50% = 127,500 pounds

raw materials purchases 127,000 pounds

price per pound $9

raw materials expenditures during April = $1,143,000

6 0
3 years ago
Winsor Clothing Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of
natulia [17]

Answer:

The correct answer is 40.6 days. None of the options is correct.

Explanation:

The average collection period of the accounts receivable is how long it takes the company to collect its accounts receivable. It is expressed as: (Average accounts receivable / Net credit sales) x 365 days.

Average collection period = [($760,000 + $840,000)/2 / $7,200,000] x 365 days =  40.6 days

This means it takes the company 40.6 days to collect its accounts receivable.

5 0
3 years ago
What is the purpose of science technology and society​
mixas84 [53]

Answer:

Science, Technology and Society (STS) is an interdisciplinary field that studies the conditions under which the production, distribution and utilization of scientific knowledge and technological systems occur; the consequences of these activities upon different groups of people.

Explanation:

4 0
3 years ago
Read 2 more answers
Aaron and Michele, equal shareholders in Cavalier Corporation, receive $25,000 each in distributions on December 31 of the curre
anygoal [31]

Answer:

Cavalier Corporation

Aaron’s distribution that will be taxed as a dividend is:

= $25,000

Explanation:

a) Data and Calculations:

Amount received in distributions by Aaron and Michele each = $25,000

Proceeds from the sale of an appreciated asset = $60,000

Proceeds to be received 50% in the next year = $30,000

Proceeds to be received 50% in the second year = $30,000

Basis of asset = $15,000

Capital gains = $45,000 ($60,000 - $15,000)

Cavalier's current-year E & P = $40,000

Accumulated E & P = $0

7 0
3 years ago
Rogers Company reported net income of $44,417 for the year. During the year, accounts receivable increased by $5,230, accounts p
damaskus [11]

Answer:

c. $44,417

Explanation:

The computation of the  Net cash provided by operating activities for the year is shown below

Cash flow from operating activities

Net income $44,417

Less Increase in account receivable -$5,230

Less Decrease in account receivable -$3,590

Add depreciation expense $48,113

Net cash provided by operating activities $83,710

hence, the correct option is c.

6 0
3 years ago
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