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Fynjy0 [20]
3 years ago
14

if an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Associatio

n, that would be considered
Business
1 answer:
sdas [7]3 years ago
8 0

Answer: An unfair trade practice

Explanation:

Insurance guaranty associations are the organizations that help in the protection of the interest of the insurance policyholders in a case whereby there's insolvency on the part of the insurance company.

In a scenario whereby an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, this is not appropriate and should be termed to be an unfair trade practice.

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Which of the following is not a type of fiduciary fund?
snow_tiger [21]

Answer:

The correct answer is a.Special service funds

Explanation:

This corresponds to funds used for social investment. All financial resources of a tax and non-tax nature that are generated, obtained or originated in the production or provision of goods and services that the Executing Units or public entities carry out, in accordance with the Law. They are oriented to the attention of public budget expenditures.

6 0
3 years ago
Why does the federal reserve choose to increase the money supply?
SVETLANKA909090 [29]

To control the supply of money to help stabilize the economy

Explanation:

An increase in the supply of money works both through lowering interest rates, which spurs investment, and through putting more money in the hands of consumers, making them feel wealthier, and this stimulates spending.

7 0
3 years ago
Help Please!!!!Jamir has decided that he needs a new car. He has found the model and color he wants for a purchase price of $25,
Leokris [45]

Answer:

He will have to come up with a bigger down payment

His monthly payments will be higher.

If Jamir leases the car, his down payment will be $1500.

If he purchases the car, his down payment will be 10% of purchase price which will be \frac{10}{100} *25,838 = $2583.80.

Hence his down payment will be higher if he purchases the car.

If Jamir leases the car, his monthly payments will be $290, as against the monthly payment of $432.46, which is higher.

0 0
3 years ago
Read 2 more answers
Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in
solmaris [256]

Answer:

Accrual basis of accounting

Explanation:

Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.

Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).

Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.

7 0
3 years ago
Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $120 per unit. T
azamat

Answer:

Following are the solution to the given question:

Explanation:

                                                  Income statement

sales                                                   39900\times 199 \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \  7940100\\\\

The less average cost of variable 39900\times 139  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 5546100 \\\\

margin for contribution                                                                       2394000\\\\

Lesser fixed costs                                                                                  629000\\\\

Income from of the company or tax                                                   1765000 \\\\

Lower-income tax by 25\%                                                                      441250 \\\\  

after-tax revenue                                                                                    1323750\\\\

8 0
3 years ago
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