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tia_tia [17]
3 years ago
15

The Commissioner is empowered to examine the records of any person transacting insurance in the State as an agency, an agent or

broker of record. If the Commissioner does examine a person, the expense of that examination will be paid by
Business
1 answer:
zvonat [6]3 years ago
6 0

Answer:

The person examined.

Explanation:

The California insurance code

This Insurance Code is known as a set of statutes set up by the state legislature and is responsible for the regulation of the business of insurance in California. The Commissioner does not have the authority to change the Insurance Code and only the state legislature has the authority to write or amend the Insurance Code.

The Insurance Commissioner

This office is elected by the people and usually serve up to two 4-year terms. The Commissioner's term runs concurrently with that of the Governor.  The Commissioner has the authority to conduct examinations of an agent or insurer's books and records at any time.

The Insurance Commissioner's Duties and Responsibilities

1. File and keep all books and papers as required by law

2. Responsible for the Issue of  Certificates of Authority to companies that meet the requirements of state law

3. Issue, refuse, revoke or suspend licenses or Certificates of Authority etc.

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14. Lassiter Industries has annual sales of $220,000 with 10,000 shares of stock outstanding. The firm has a profit margin of 7.
kakasveta [241]

Answer:

Price earning ratio is 16

Explanation:

Profit Margin = (Net profit / Net Sales) x 100

7.5% = Net profit / $220,000

Net Profit = $220,000 x 7.5%

Net Profit = $16,500

Earning Per share = $16,500/ 10,000 = $1.65 per share

Price-sales ratio = Market value /  Sales value

1.20 = Market value / 220,000

1.20 x 220,000 = Share price

Share price = 264,000 / 10,000 =

Share price = 26.40

Price Earning Ratio = 26.40 / 1.65 = 16

8 0
3 years ago
how much of a stock's $30 price is reflected in pvgo if it expects to earn $4 per share, has an expected dividend of $2.50, and
Kruka [31]

The amount of the stock price that will be reflected in the PVGO is $10

The value of an organization's potential future growth is symbolized by the acronym PVGO, or "present value of growth opportunities." It represents the potential value for the organization by reinvesting its earnings back into the business.

Expected Dividend payment (D) = $2.50

Total Earnings (E) = $4

Rate of return (ROR) = 20%

Step 1. Using no growth rate (GR), computing the stock price (SP)

Since the growth rate is not specified, 0% is taken as the default value.

The stock price (SP) = E/ROR

= $4 / 20%

Stock price = $20.

Step 2. Computing the SP reflected in PVGO.

So, total SP with no GR

= $30 - $20

Stock price with no growth rate = $10

Hence, the $10 will be reflected in the PVGO

Learn more about PVGO:

brainly.com/question/28434542

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7 0
1 year ago
a self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as
12345 [234]

A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as long as neither they nor their spouse was eligible for employer-sponsored health insurance. This deduction claimed to Claim a non -refundable tax credit based on the cost of the insurance.

insurance is a settlement that transfers the risk of monetary loss from an individual or business to a coverage organization. They acquire small quantities of money from clients and pool that cash collectively to pay for losses. Coverage is split into essential classes: belongings and Casualty coverage (percent).

Coverage plans are beneficial to each person seeking to defend their family, property/property, and themselves from economic chance/losses: coverage plans will help you pay for clinical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future.

In coverage phrases, the threat is the chance something harmful or unexpected ought to appear. This might involve the loss, theft, or harm of precious assets and assets, or it may involve someone being injured.

Learn more about insurance  here brainly.com/question/25855858

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7 0
1 year ago
In which era of the marketing evolution did firms begin to focus on what consumers wanted and needed before designing, making, o
Alex

The era of the marketing evolution  in which  firms begin to focus on what consumers wanted and needed before designing, making, or selling a product is market-oriented era.

<h3>What is the market-oriented era?</h3>

It  should be noted that around the year  1940s when industries realized that focusing only on their business needs  and as a result of this the customers are unsatisfied.

However, the  businesses' marketing tactics  that is been engaged that time is identifying what customers need and effectively customizing activities .

Find out more on market-oriented era at brainly.com/question/12439497

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4 0
2 years ago
Corazon Company purchased an asset with a list price of $14,000. Corazon paid $500 of transportation in cost, $800 to train an e
Licemer1 [7]

Answer:

15,160

Explanation:

Net 20 terms: Full amount ready between 20 days, occasionally written as n/20.

Terms 2/10. n/30: with a 2% discount for settlement within 10 days, net 30 implying that the full amount will be ready between 30 days.

The terms 1/10, n/30: with a 1% discount for settlement within 10 days time, net 30 meaning the full amount is going to be ready between 30 days.

Terms 5/10, 2/30, n/60: 5% for settlement within 10 days, 2% for settlement in 11-30 days, full amount due within 60 days.

Net 30 Terms EOM: Payment will be ready in full 30 days after the end of the month (EOM) in which the invoice was given for.

7 0
3 years ago
Read 2 more answers
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