Life insurance replacement companies must keep records of all materials dealing with replacement on file until the next regulation examination by the commissioner or for how long?
Answers
The specific duration for which life insurance replacement companies must keep records of all materials dealing with replacement on file can vary based on regulations in different jurisdictions.
However, a common requirement is to keep these records on file until the next regulation examination by the commissioner. The purpose of retaining these records is to ensure compliance with regulatory requirements and enable examination and review by regulatory authorities.
It is advisable for life insurance replacement companies to consult the relevant insurance laws, regulations, and guidelines specific to their jurisdiction to determine the exact duration for record retention to comply with regulatory requirements.
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Related Questions
Outline any other THREE qualities of a successful entrepreneur
Answers
Answer:
Robust Work Ethic.
Deep Passion.
Creativity. ...
Motivated Self-Starters. ...
Easygoing Attitude. ...
Eager to Learn.
you can choose any three you want :)
Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Answers
Answer:
The net present value (NPV) of the decision to grant credit is $2,938,157.89.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.
Calculate the NPV of the decision to grant credit.
The explanation of the answer is now given as follows:
Number of new orders = 125 units
Percentage of repeat order = 30%
Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units
Credit price per unit = $11,100
Variable cost per unit = $9,700
Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400
Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000
Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500
Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89
Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89
Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.
10)
How might a mission statement help Donna with her new
business?
Answers
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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what is identify if customers needs are being met
Answers
The process of determining which and how a customer desires a product to perform is known as customer needs identification. Customer needs are non-technical and reflect the customers' perception for the item rather than the actual design specifications, though they are frequently related.
Customer needs are a customer's motivations for purchasing a product, brand, or service, or the features of a product, brand, or service that entice them to buy. And it is these customer needs which every company or organisation strives to meet.
A target market is an assortment of prospective customers to whom you intend to sell goods or services. Each group is subdivided into smaller sections. Age, location, income, and lifestyle are commonly used to categorise segments.
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How much money did Amazon make on Cyber Monday?
Answers
This online shopping surge directly impacted Cyber Monday. Data from Adobe Analytics shows that customers spent $10.8 billion online during Cyber Monday.
Data in computing refers to information that has been converted into a format that is useful for transmission or processing. Data is information transformed into binary digital form for use with computers and transmission media of the present. Both the singular and plural forms of the subject data are acceptable. Computer science's analytics discipline looks for useful patterns in data using math, statistics, and machine learning. The process of analytics, also known as data analytics, entails sorting through enormous data sets to find, decipher, and share fresh information. Data analytics is the science of examining unprocessed data to draw inferences about that data. A company can increase productivity, maximize profit, or make better decisions based on data analytics to improve performance.
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fill the blank _____ are facts that lend believability to claims of value and benefit.
Answers
The term that fills the blank to the sentence are facts that lend believability to claims of value and benefit" is "evidence."Explanation: Evidence is the collected body of data that backs up a claim. Evidence is used to support or refute arguments, theories,
proposals, and other kinds of information, usually in academic fields. It is produced by researchers, scholars, and students through experiments, surveys, observation, and other methods. Evidence helps to make ideas more persuasive, as it provides concrete support for the claims being made.A piece of evidence can be anything from statistics to a personal story that helps to support a point being made.
In order for evidence to be convincing, it must be accurate, reliable, and relevant to the topic being discussed. In academic writing, evidence is used to support claims made in research papers, essays, and other scholarly works.Explanation: Evidence is the collected body of data that backs up a claim. Evidence is used to support or refute arguments, theories,
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Document 7: According to the author, what aspects of life are improved under communism?
Answers
According to the author mentioned in the pictures, aspects related to benefits such as medical care and social insurance improve under communism.
What is communism?Communism is a socio-economic ideology that advocates for the establishment of a classless, stateless society, where the means of production are collectively owned and controlled by the community as a whole. According to the author, Harry Schwarts, in The New York Times article from 1952, several aspects of life are improved under communism. These aspects include:
Free medical care: The author states that under communism, the worker receives free medical care. This implies that healthcare services are provided by the government without any cost to the individual, ensuring access to medical treatment and services for all workers.Unemployment protection: The author mentions that the communist worker does not have to worry about being unemployed. This suggests that the government provides some form of social safety net or employment guarantee, ensuring job security for workers and protecting them from the risk of unemployment.Social insurance for old and disabled people: The author highlights that under communism, old and disabled people receive social insurance. This indicates that the government provides support and financial assistance to elderly and disabled individuals, likely in the form of pensions or other social welfare programs, to help improve their quality of life.Nurseries and kindergartens: The author mentions that the government provides nurseries and kindergartens for the children of working mothers. This suggests that the government takes responsibility for childcare services, making it easier for working mothers to pursue their careers while their children receive care and education in dedicated facilities.It's important to note that this excerpt reflects the perspective of the author in 1952 and focuses on the positive aspects of life under communism. Different viewpoints exist, and there are various interpretations and evaluations of the impacts of communism on different aspects of life and society.
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Which Important personal quality does Jane seem to possess?
Jane is friendly and kind toward her coworkers. She makes interesting conversation with them during lunch. Her attitude helps to maintain a
harmonious atmosphere at work. Jane thus possesses an important personal quality known as
Answers
Answer:
kindness
Explanation: sorry im guessing by what the paragraph tells me..
Answer:
courteousness
Explanation:
These are all attributes of a courteous individual.
(Easy & Urgent) Drag each label to the correct location on the image.
Match the factors to the type of financing adopted by the business.
Options Tiles:
A business with a poor credit rating.
A business in its growth stage.
A business which is not keen to
give up any part of its ownership.
A highly taxed company
A business which does not want
any obligation to pay back any
part of the investment
Boxes:
Equity Financing
Debt Financing
Answers
Answer:
first 2 go in dept financing the last 3 go in equity financing.
Explanation:
Hope this helps correct me if i'm wrong :)
Last month, Tech Industries sold its product for $50 per unit. Fixed production costs were $25,000, and variable production costs amounted to $10.50 per unit. Fixed selling and administrative costs totaled $15,000, and variable selling and administrative costs amount to $2.00 per unit. Tech Industries produced and sold 5,000 units last month.
Answers
Answer:
Operating profit = $147,500
Explanation:
Missing question is "What is the total operating profit?
Operating profit = Sale unit(Selling price - Variable Cost) - Fixed expenses
Operating profit = 5,000 * ($50 - $10.50 - $2.00) - $25,000 - $15,000
Operating profit = 5,000*$37.5 - $40,000
Operating profit = $187,500 - $40,000
Operating profit = $147,500
Show transcribed data
Which one of the following contains the selected steps of the accounting cycle in the correct order? 1. Journalize the transactions. 2. Post transactions to ledger accounts. 3. Analyze transactions. 4. Prepare financial statements. 5. Prepare a trial balance.
3,2,1,4,5
3,1,2,5,4
1,2,3,5,4
3,1,2,4,5
Answers
The correct order of the selected steps in the accounting cycle is:
1. Analyze transactions
2. Journalize the transactions
3. Post transactions to ledger accounts
4. Prepare financial statements
5. Prepare a trial balance
First, in the accounting cycle, you need to analyze the transactions. This involves examining and understanding the financial transactions that have occurred.
Next, you journalize the transactions. This step involves recording the transactions in the general journal, which includes the date, accounts involved, and amounts.
After journalizing the transactions, you need to post them to the ledger accounts. This step involves transferring the information from the general journal to the respective ledger accounts.
Once the transactions are posted to the ledger accounts, you can proceed to prepare the financial statements. Financial statements provide a summary of the company's financial position and performance.
Finally, you prepare a trial balance. The trial balance is a list of all the account balances in the ledger, which helps ensure that debits equal credits and that the books are in balance.
Therefore, the correct order of the selected steps is 3, 1, 2, 4, 5.
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The material loading charge is expressed as a percentage of the total estimated cost of materials for the year.
Differences in tax rates between countries can complicate the determination of the appropriate transfer price.
In time-and-material pricing, the material charge is based on the cost of direct materials used and a material loading charge for related overhead costs.
The cost-plus pricing model gives consideration to the demand side
Answers
In business, pricing strategies play a crucial role in determining profits and customer satisfaction.
One such strategy is time-and-material pricing, which considers both the cost of direct materials used and a material loading charge for related overhead costs. The material loading charge is expressed as a percentage of the total estimated cost of materials for the year. Transfer pricing between countries can be complicated due to differences in tax rates. As a result, determining the appropriate transfer price becomes more challenging, which can affect international trade and business relations.The cost-plus pricing model is another approach that takes the demand side into consideration. This model aims to strike a balance between covering production costs and meeting market demand to achieve a fair and competitive price for customers. In summary, pricing strategies such as time-and-material and cost-plus pricing models help businesses optimize their profits and cater to market demands. However, factors such as material loading charges, tax rate differences, and international regulations can influence the determination of these prices.
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required Journal entry
received rs 18000 from debtors and discount allowed him Rs 2000
it's urgent
please help me(mark as BRAINLIEST)
Answers
Mwlqlqmqnqn im not sure...
Explanation:
Nakwqqhthats
Employers must provide a stairway or ladder if the elevation between two surfaces on a site is.
Answers
Employers are required to provide a stairway or ladder at all worker points of access if there is an elevation change of 19 inches (48 cm) or more and no ramp, runway, embankment, or personnel hoist is provided.
What are the elevated work surfaces OSHA regulations?The final rule codifies OSHA's guidance for companies using RDS for elevated work. Employers are not allowed to utilize RDS over 300 feet above grade unless they can show that doing so would be impractical or provide a greater risk than utilizing another system.
OSHA, how tall may a platform be without a step?Now that we are clear on how OSHA defines a platform and that any exposed side or edge that is four feet or higher than a lower level need fall protection to prevent employees from falling, let's talk about guardrail specifications for work platforms.
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A partner withdrew 4,000 per month from 1 July, 2016, on beginning of every month. counts are closed at 31st March, 2017. Calculate interest on drawings while rate of interest is 10% per annum.
Answers
The interest on the drawings is ₹1500. (Option C)
Amount drawn per month = ₹4000
Number of drawings = 9 (From July 2016 to March 2017)
rate of interest per annum = 10%
Interest on the drawings
We can solve this problem utilizing the mathematical technique outlined below.
This equation may be solved using the following approach.
We know that,
Using the average method,
∴ Interest on drawings = Total drawing × interest rate × [(longest outstanding time+ shortest outstanding time) / 2 * 12
Total drawing = ₹4000×9
= ₹36000
Time = (\(\frac{1+9}{2}\)) months
= 5 months
Interest on the drawings = ₹ 36000 × 0.1 × \(\frac{5}{12}\)
= ₹ 1500
Thus, the interest on the drawings is ₹1500. (Option C)
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How do bonds generate income for investors?
A. Bonds depreciate in value.
B. Bonds protect investors from bankruptcy.
C. Bonds pay interest to the bank that sold the bond.
D. Bonds pay a specified amount to the investor at maturity.
Answers
Answer: D) bonds pay a specific amount to the investor at maturity
Explanation:
Bonds generate income for investors: B. Bonds protect investors from bankruptcy.
Bonds are considered to be safer investments as compared to the stocks because the bondholders can claim on the money generated by deposition of bonds in the event of bankruptcy. It becomes one of the source of income in scarcity of money. Bonds depreciates in value with time. The value of the bond reduces with as that of its face value. Bonds pay principle interest to the bond holder rather than to the bank. There is no surety of getting a specified amount after the maturity of bond as the value of bond depreciates with the time.Hence, option B is correct.
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Business Cycle
A
B
D
С
Public Domain
Which point of the business cycle represents a peak?
00
E
Answers
Answer:
A $ E
Explanation:
Business cycles are the fluctuations in economic activities, as indicated in varying GDP values. A full business cycle will have the economy experience periods of boom or peak and trough, which is the downturn.
The peak season is when the economy is operating at its optimal level. The economy is experiencing increased activities resulting in a high GDP value. Business and people incomes are high, while the rate of unemployment is low. The economy is flourishing at the peak period. In the graph points, A and E represents the peak.
Answer:
The answer is E.
Explanation:
A peak is the turning point from growth to decline, in which production has reached the highest level. In the graph, both A and E peak.
Also, I took the quiz and got a 100%.
The Rest of the Question:
Public Domain
Which point of the business cycle represents a peak?
B
C
D
E
A CVS/pharmacy store is an example of a ________ business. Group of answer choices national multinational local regional boutique
Answers
Answer:
A CVS/pharmacy store is an example of a national business.
Explanation:
Explain why a positive attitude, high -esteem, and enthusiasm contribute to career success
Answers
Answer:
A positive attitude, high-esteem, and enthusiasm contribute to career success because they make the worker approach their activities, projects and ideas with a positive mindset, trusting in their abilities and anticipating a positive result, facing and overcoming their fears and always looking to the good side of things.
On the other hand, if the person were pessimistic or had a bad attitude, they would face their projects with doubts and fears, putting them aside in the face of the first adversities.
in 2007 a company sold 35,000 mp3 players at $150 each. in 2008 the same company sold 40,000 mp3 players at $170 each. this information suggests that:
Answers
This information indicates that the company experienced an increase in sales from 2007 to 2008. The number of MP3 players sold increased by 5,000 and the price per unit increased by $20.
This suggests that the company was able to increase its sales by offering a higher quality product at a slightly higher cost. The company has also probably increased their advertising and marketing strategies to make more people aware of their product. Overall, this information suggests that the company was able to capitalize on the increased demand for MP3 players by offering a higher quality product at a competitive price.
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when an allocation of resources maximizes total surplus, the result is said to be efficient.
Answers
It is True that when an allocation of resources maximizes total surplus, the result is said to be efficient.
This is based on the governmental policies indicators, which state that the equilibrium of supply and demand maximizes total surplus.
This is because, at the equilibrium of supply and demand, the output point is deemed efficient.
This situation is because there is no other price and quantity combination that can lead to a higher level of total surplus.
Hence, in this case, it is concluded that the statement above is True.
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What are the total expenses for Forks Gym for the month of March?
$500
$3500
$2000
$1000
Answers
Answer:
7,000 is the answer
Explanation:
Select the correct location on the image.
Which box on a W-4 notes an employee's filling status?
Answers
Box number 3 on a W-4 notes an employee's filling status?
What is a W-4?
An IRS form known as a W-4, also known as a "Employee's Withholding Certificate," instructs employers how much tax should be deducted from each employee's paycheck. Employers utilize the W-4 to calculate some payroll taxes and remit the taxes on behalf of employees to the IRS and the state (if applicable).
If your employer already has a copy of your W-4 form on file, you do not need to fill one out again. Additionally, you are not required to complete a new W-4 annually. But you'll probably need to complete a new W-4 if you start a new employment or wish to change the withholdings at your current position. In either case, it's a good justification for reviewing your withholdings.
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When loan payments are amortized, the total amount you owe every month
Answers
Answer:
Since amortization means the period repayment of a loan, with a specific amount going to the principal and interest payments, the amortization schedule amounts to a total fixed monthly payment of $836.03 over the life of the mortgage loan.
Explanation:
At the time when the loan payment should be amortized so the total amount owed is the periodic payment.
The following information related to the periodic payment is:
At the time when there is owe amount for each amount and the payment regarding the loan should be amortized so it is a periodic payment. Also, from that some part of the payment is belonged to the interest and principal amount.Therefore we can conclude that at the time when the loan payment should be amortized so the total amount owed is the periodic payment.
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A clothing store sends out messages to cell phones of loyal customers informing them about offers. What can be a probable reason for the advertising to fail?
A.
limited details of offer
B.
precisely targeted audience
C.
instant feedback
D.
personalized message
Answers
Answer:
B. (Precisely targeted audience)
Explanation:
By telling only a fraction of people about the offers you arent creating enough buzz and letting a lot of people know about it.
Answer:
A. Limited Details of Offer
Explanation:
Got 100% on the test.
Also it's just common sense that Loyal Customers would not buy something that have limited details about.
on december 3,2001, spot japanese yen were sold at $0.008058. suppose the 180-day forward japanese yen was selling at a 1.91% annualized premium, what is the 180-day forward rate of the yen?
Answers
The 180-day forward rate of the yen is $0.017608.
To calculate the 180-day forward rate of the yen, we need to consider the spot rate and the annualized premium.
First, let's convert the annualized premium to the 180-day premium. Since there are 360 days in a year (180-day forward rate = 180/360), we can calculate the premium as follows: 1.91% * (180/360) = 0.00955.
Next, we'll add the premium to the spot rate to find the 180-day forward rate. In this case, the spot rate is $0.008058. So, $0.008058 + $0.00955 = $0.017608.
In summary:
1. Convert the annualized premium to the 180-day premium: 1.91% * (180/360) = 0.00955.
2. Add the premium to the spot rate: $0.008058 + $0.00955 = $0.017608.
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Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?
Answers
Answer:
200 i think sorry if im wrong
Explanation:
Explain the difference between uninsured and underinsured.
Answers
As the demand for goods and services decreases, job growth
a. increases
b. decreases
c. remains the same
d. none of the above
Please select the best answer from the choices provided
Answers
The growth of jobs declines when the demand for products and services declines. Therefore. option(b): "decreases" is the correct answer.
This movement of increases and decreases related to demand and job growth is related to cyclic unemployment.
An economy's demand for products and services often drops when GDP growth slows, which in turn raises cyclical unemployment.
The demand for labor will rise or shift to the right as the demand for goods and services rises in order to meet the demands of employers for production.
Therefore, option (B): "decreases" is the correct movement of job growth according to a decrease in demand for goods and services.
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1. A parent company sells land to its wholly-owned subsidiary in 2015, reporting a gain of $35,000. In 2020, the subsidiary sells the land to an outside developer and reports a gain of $60,000. In the 2020 consolidation working paper, the elimination of this transaction will result in: A. A $35,000 decrease in beginning retained earnings B. A $60,000 increase in investment in subsidiary C. A $95,000 decrease in land D. A $35,000 increase in gain on sale of land
Answers
Answer:
Explanation:
A $60,000 increase in investment in subsidiary