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kherson [118]
3 years ago
10

What is meant by access payment​

Business
1 answer:
miskamm [114]3 years ago
3 0

Answer:

Excess Payment means the portion of the aggregate of any cash plus the fair market value (as determined by the Board of Directors, whose determination shall be conclusive evidence of such fair market value and described in a Board Resolution) of other consideration payable in respect of any tender offer or other negotiated transaction by the Company or a Subsidiary for all or any portion of the Common Stock that is in excess of an amount equal to the product of (x) the number of shares of Common Stock with respect to which the aggregate tender offer or negotiated purchase consideration is payable times (y) the Reference Price.

Explanation:

Goodluck!!

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Insurance policies often contain a covenant of good faith and fair dealing. Even if the clause is not in the policy, often court
Oxana [17]

Answer:

The <em>covenant of good faith and fair dealing</em> simply requires all the parties to a contract to deal in an even-handed manner such that one party's action does not frustrate the other or prevent the other from getting the benefits of that contract.

In insurance, this covenant is sometimes captured under the heading <em>Uberrima fides</em>. This is a Latin phrase meaning <em>"Utmost Good Faith".</em>

In insurance, this covenant is legally binding on all parties to ensure they each reveal every information that is material to the acceptance or rejection of the risk (on the part of the Insurer) whilst on the part of the Insured the insurer is required to be explicit regarding the terms of the policy as well as the calculations by which the premium is arrived at.

For example, if an Insurance company is looking at covering someone under it's Life Insurance Policy, the person taking out the contract must disclose whether or not the Insured has any latent health issues which might shorten their lifespan. If there is such a condition, the Insurance company may still take on the risk albeit at a relatively higher rate than a client without such medical conditions.

 

An Insurance Company may breach this covenant if they delay or refuse to reasonable settle claims due to the Insured. It may also arise if the Insurance company by some technical manipulation intentionally under settles an Insurance claim.

If for instance, a Comprehensive Insurance Policy files a valid claim, the Insurer may be liable for negligence and or intentional wrongdoing.

Cheers!

6 0
3 years ago
Minimum wage started at 25 cents per hour in 1938 and has risen
harina [27]
They can simply ask their boss for a raise or just wait it out and soon enough you’ll get a raise.
8 0
3 years ago
When the amount of revenue collected in advance decreases during an accounting period:(A) Accrual-basis revenues exceed cash col
otez555 [7]

Answer:

The correct answer is letter "A": Accrual-basis revenues exceed cash collections from customers.

Explanation:

Revenue collected in advance are profits collected usually at the beginning of a contractual agreement that implies obligations from the firm for a certain time. For instance, insurance companies charging a one-time payment for an annual policy fall into this category.

The accrual basis of accounting states that profits are reported on the income statement as they are earned. In that case, if the revenue collected in advance decreases, the accrual-basis revenues will be higher than the cash collections from customers under the advanced payment method.

5 0
3 years ago
Huey has eaten two hamburgers and is considering a third.The marginal benefit in his decision is the pleasure from consuming
krok68 [10]

Answer:

C

Explanation:

A rational consumer would keep consuming as long as he continues to derive satisfaction from consuming one more unit of a product..

For example, if you have eaten two hamburgers and you are contemplating whether to consume one more unit of hamburger or not.  one of the factors you would consider is if you would derive a marginal benefit from one more consumption. If you would, you would consume one more hamburger and if you would not, you won't consume the hamburger

6 0
4 years ago
Kansas Plating Company reported a cost of goods manufactured of $260,000, with the firm's year-end balance sheet revealing work
eimsori [14]

Answer:

c) $5,000

Explanation:

Kansas Plating Company

Cost of Goods Manufactured.

DM used $40,000

Add Direct labor $70,000

Add Overhead $180,000

Total Manufacturing Costs 290,000

Work in Process Inventory

Add Begin. Inv. 5000

Avail. for mfg. 295,000

Less End. Inv. 3,500 0

Cost of goods mfg 260,000

As the beginning balances of materials direct labor and FOH are given we add these to get total manufacturing costs and also the ending balances are given of Cost of Goods Manufactured and ending Inventory we calculate backwards to get to the Work In Process opening Inventory.

5 0
3 years ago
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