Answer:
Option A is correct
Explanation:
The 2 Option are:
<em>i. The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements
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<em>ii. The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements.</em>
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Delta insurance company is a typical insurance company that operates it business in line with the Insurance practice code in its operation country. Failure of perform those duties strictly will lead to revoke of operational license which will incur consequential loss for the Insurance Company.
Delta Insurers insures against peril of Vehicle, Fire, Burglary, Consequential loss, Business Interruption and so on.
The insurer however have its own mode of settling claims as stated in the Policy form. The statement might be stated in there that "<em>we typically affirms claims within 120 days after we receives proof of loss statements". </em>No insurer can states in its policy form that "<em>we typically affirms claims within 120 days after it receives proof of loss statements", t</em>his is against the code of conduct of Insurance business
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Answer:
Option C) Littman's $179 expense will be greater than $100,000
Explanation:
Data:
Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000
From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.
Answer:
$114,000
Explanation:
Given that,
Net credit sales = $2,250,000
Opening allowance for Doubtful Accounts = $36,000
Uncollectible accounts receivable written off = $90,000
Firstly, we need to find the excess amount to be adjusted to allowance for Doubtful Accounts. It is calculated as follows:
= Uncollectible accounts receivable written off - Opening allowance for Doubtful Accounts
= $90,000 - $36,000
= $54,000
Allowance amount:
= 10% of the balance in receivables
= 0.1 × $600,000
= $60,000
Therefore, the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017 is determined by summing up the excess amount and allowance amount.
= Excess amount to be adjusted to allowance for Doubtful Accounts + Allowance amount
= $54,000 + $60,000
= $114,000
Answer:
proposals are sales presentations, so make sure to detail your expertise and accomplishments
Explanation:
Based on the information provided within the question it can be said that the best advice or reminder would be to remember that proposals are sales presentations, so make sure to detail your expertise and accomplishments. Just as any other sales presentation you need to demonstrate that you know what you are selling so that the client garners faith that you can provide the services that you are selling and are not just telling them what they want to hear in order to make a sale.
Answer:
- <u><em>option C. 1331.</em></u>
Explanation:
The question asks for an estimate of 11.4³.
To calculate 11.4³ exactly to must multiply 11.4 × 11.4 × 11.4.
But to have an estimate, the easiest way is to round 11.4 to 11 and find 11³ = 11 × 11 × 11.
That is not a difficult operation.
That is equal to 11² × 11.
- 11² is a common square, which you should know that it is 121. Else, you can multiply 11 × 11 easily and obtain 121:
11 × 11 = (10 + 1) × 11 = 110 + 11 = 121
11 × 121 = (10 + 1) × 121 = 10 × 121 + 121 = 1210 + 121 = 1331
There you have your answer: option C. 1331.
