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kenny6666 [7]
3 years ago
14

All the following statements concerning requirements to reinstate a lapsed life insurance policy are correct EXCEPT: Group of an

swer choices The lapse must have resulted from other than the surrender of the policy for its cash value. There is no time limit on when the policy may be reinstated. Evidence of insurability is required. All overdue premiums must be paid along with interest from the premium due dates.
Business
1 answer:
Assoli18 [71]3 years ago
6 0

Answer:

Correct Answer:

b. There is no time limit on when the policy may be reinstated.

Explanation:

In life insurance, which is an insurance against event in the life of the individual in question, it is expected that, the person will be paying his premium fee regularly.

<em>In a situation, there was a lapses, in-order to reinstate the life insurance policy, it must be reinstated within 1 year in-order to be valid.</em>

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Vulnerability assessment is a curvey of a system to identify:_____.
Mariana [72]

Answer:

Threats and the risks they pose.

Explanation:

Vulnerability assessment is the identification, evaluation, classification, quantification and also the prioritization of the risks or vulnerabilities in a system. One main importance of carrying out this assessment is to find out the potential risks in a system before attackers find them. Through this assessment future risks can also be averted.

3 0
3 years ago
Read 2 more answers
Alpha Corporation reported the following data for its most recent year: sales, $650,000; variable expenses, $500,000; and fixed
ss7ja [257]

Answer:

The company degree of operating leverage is 3

Explanation:

Degree of operating leverage= Contribution Margin / Net operating Income

When Contribution margin = Sales - Variable expenses= $650,000 - $500,000 = $150,000

Net operating income =  Sales - Variable expenses - Fixed expenses = $650,000 - $500,000 - $100,000 = $50,000

Thus, Degree of operating leverage= $150,000 / $50,000

= 3

4 0
3 years ago
Based on his​ preferences, Bill is willing to trade 5 movie tickets for 1 ticket to a basketball game. If movie tickets cost ​$1
Leviafan [203]

Answer:

Bill shouldnt trade movie tickets for basketball​ tickets, since  MRS > Pb/Pm.

Explanation:

Price ratio = Pb/Pm

                 = $46/$10

                 = 4.6

MRS = 5/1

        = 5

MRS > Pb/Pm

Therefore, Bill shouldnt trade movie tickets for basketball​ tickets, since  MRS > Pb/Pm.

4 0
4 years ago
Braynerd Chemicals sells 40 million shares of stock in an SEO—25 million being primary shares issued by the company and 15 milli
Bezzdna [24]

Answer:  $498.75‬ million

Explanation:

Of the 40 million shares sold by Braynerd Chemicals, 15 million were sold as secondary shares by investors in the company. The proceeds from these 15 million will therefore not go to the company but to the investors so they are not counted.

Gross total money raised will be;

= 25 million * 21.00

= $525 million

The Underwriter charges 5% of the gross amount as a fee so the Net amount raised will be;

Net Total = 525 * ( 1 - 5%)

Net Total = $498.75‬ million

8 0
3 years ago
During the taking of its physical inventory on December 31, 2014, Barry's Bike Shop incorrectly counted its inventory as $225,51
Kryger [21]

Answer:

The inventory would be increased by $55,283 and the profit has been decreased by the same amount.

Explanation:

The reason is that the closing inventory has been increased by the difference of the correct and incorrect amount which is:

Closing inventory difference = $225,513 - $170,230 = $55,283

This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.

6 0
4 years ago
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