Unincorporated business - Study guides, Revision notes & Summaries

GA Insurance Adjuster Course Exam Questions and Answers 100% Pass Six Special Characteristic of Insurance Contracts - Correct Answer ️️ -Personal, Adhesion, Utmost Good Faith, Aleatory, Unilateral, Condition Coverage F - Correct Answer ️️ -Medical Payments Umbrella - Correct Answer ️️ -An umbrella policy provided liability coverage over and above the normal or base limits of liability in a policy. An umbrella policy is a type of excess policy Risk Transference - Correct Answe...

SOLUTION MANUAL FOR Financial Accounting 11th Edition Robert Libby, Patricia Libby, Frank Hodge Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports that information to decision makers. 2. Financial accounting involves preparation of the four basic financial statements and related disclosures for external decis...

Solution Manual for Financial Accounting 11th Edition Robert Libby, Patricia Libby, Frank Hodge. SOLUTION MANUAL FOR Financial Accounting 11th Edition Robert Libby, Patricia Libby, Frank Hodge Chapter 1-13 With Appendix A Solution Manual & MBA Supplement Solutions Manual Chapter 1 Financial Statements and Business Decisions ANSWERS TO QUESTIONS 1. Accounting is a system that collects and processes (analyzes, measures, and records) financial information about an organization and reports...

Reinsurance - an insurance company (the ceding company) paying another insurance company (reinsurer) to take some of the company's risk •Reinsurers help spread the insurer's risk CANHAM - Elements of an insurable risk C - Calculable A - Affordable N - Non-catasrophic H - Homogenous A - Accidental M - Measurable Insurance - Transfer of risk from a person or business to an insurer Risk - Uncertainty / Possibility of a loss Exposure - Risks for which the insurance company would be l...

Maine Real Estate Exam An employer is responsible for direction a ( ) as to both what is to be done and how it is to be done - correct answer employee Real estate licensees are almost always ( ) with their company - correct answer independent contractors Every real estate brokerage should adopt a ( ) that identifies and describes the types of real estate brokerage relationships in which the broke and affiliated licenses may engage - correct answer written company poilicy license laws a...

Finance - correct answer The study of investing Investing - correct answer Committing resources today in hopes of earning a profit in the future Goal of the firm - correct answer Maximize stockholder wealth or maximize the stock price Three elements of financial decision making - correct answer 1. Money 2. Time 3. Risk (Uncertainty) Risk - correct answer The chance that some unfavorable event will occur Risk/Expected Return relationship - correct answer In a financial market c...

Test Bank for Advanced Financial Accounting 13th Edition By Theodore Christensen, Complete All Chapters 1-20 | Newest Version. Chapter 1 Intercorporate Acquisitions and Investments in Other Entities 1) Assuming no impairment in value prior to transfer, assets transferred by a parent company to another entity it has created should be recorded by the newly created entity at the assets': A) cost to the parent company. B) book value on the parent company's books at the date of transfer. C) fa...

Sales Associates knowledge should include Property transfer, market conditions, how to market real estate and businesses Al licensed or certified appraiser is always required when an original loan is federally related If a sales Associate moved from Florida to San Diego to work for the same Broker The commission must be notified within 60 days A Florida Resident is defined as a person who has been/intends to reside in Florida for 4 months Individiuals who earned a...

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

Proprietorship correct answers Oldest/Simplest Form of Business -Unincorporated Business owned by One Person or Husband and Wife -Default Setting Advantages to Proprietorship correct answers -Easy to maintain -One owner -No Registration with the Government -Profits are Exclusive to Owner (Must withhold Self-Employment Taxes) Disadvantages to Proprietorship correct answers -Personally Liable(Debts and Liabilities) -Limited Financing Options -Difficult to attract long-term Employees ...