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laila [671]
3 years ago
15

Exsplain gross premium

Business
2 answers:
ohaa [14]3 years ago
7 0

Answer:

gross premium is a total premium paid by the policy owner.

Explanation:

Neporo4naja [7]3 years ago
3 0

The gross premium is the total premium paid by the policy owner, and generally consists of the net premium plus the expense of operation minus interest

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Al owned a family high-deductible health policy as part of his MSA for the entire year. What is his maximum permitted contributi
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Well according to my calculations and 20+ yrs of experience in business your answer should be 15,000
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3 years ago
If an employeeâs manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the e
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If an employee manager issued an explicit or strongly implied threat that submission to sexual demands is a condition of the employee's job, it would be an example of quid pro quo" harassment.

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3 0
1 year ago
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin
Digiron [165]

Answer:

$95,400

Explanation:

Step 1 : Find  the equivalent units of production in Ending Work in Progress

Materials = 18,000 x 100 % = 18,000 units

Conversion costs = 18,000 x 60 % = 10,800 units

Step 2 : Calculate the Cost of units in Ending Work in Progress

Cost of units in Ending Work in Progress = 18,000 x $2.75 + 10,800 x $4.25

                                                                    = $95,400

Conclusion :

The ending work in process inventory was $95,400.

3 0
2 years ago
If sixty $1,000 convertible bonds with a carrying value of $70,000 are converted into 9,000 shares of $5 par value common stock,
Vinvika [58]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $60,000

Premium on bonds payable A/c Dr $10,000

           To Common stock A/c $45,000

           To Paid in capital in excess of par A/c $25,000

(Being the conversion of bonds is recorded)

The computation is shown below:

For bonds payable

= sixty $1,000 convertible bonds

That means

= 60 × $1,000

= $60,000

For Premium on bonds payable:

= $70,000 - $60,000

= $10,000

For Common stock:

= 9,000 shares × $5

= $45,000

And, the remaining balance is credited to paid in capital in excess of par

6 0
3 years ago
The objective of a statistical process control​ (SPC) system is to A. provide a statistical signal when natural causes of variat
marysya [2.9K]

Answer:

D. provide a statistical signal when assignable causes of variation are present

Explanation:

The objective of a statistical process control​ (SPC) system is to provide a statistical signal when assignable causes of variation are present

7 0
3 years ago
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