They were insolvent by 12 - Study guides, Class notes & Summaries

FAC1601 Assignment 3 (DETAILED ANSWERS) Semester 2 2023 - DUE 2 October 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . The following information pertains to The Roses CC and covers questions 1 – 9: David and Patrick are the only members of a Close Corporation trading as The Roses CC (Roses CC). They both have an equal interest of 50% each in the CC. The CC has a 28 February financial year-end. You have been appoint...

Insurance - Answerassurance given to the insured by the insurer to lessen the financial damage suffered during an insured occurrence Peril - Answerthe cause of a financial loss (ie. fire, water, earthquake) Risk - Answerthe chance of financial loss Purpose of insurance - Answerto allow the spread of risk of few among many Indemnity - Answerrestoring the insured to the same financial position as they were in immediately prior to the loss; insurer will pay the actual amount of loss, no...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pay out period. 106. Question #90627 During the waiting (elimination) period: AThe insure...

BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premise is being repaired or rebuilt. When property is moved to newly acquire...

Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements - answer-Which of the following risks allows the perpetrator to hide the theft in the accounting records? a. Checks issued payable to cash b. Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements c. Lack of matching documentation d. Checks made payable to authorized signer Checks created a...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pa...

When are appraisers needed? to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser must be knowledgeable in... history, economics, construction,...

QUESTION 1 1.1 Discuss the meaning of the term “ubuntu”. Ubuntu is an African indigenous philosophy that is the measure of human behaviour. It is the ideal to live life selflessly and to make sacrifices for others who, in turn, will live selflessly. It places the well-being of the individual in all transactions. It is similar to the audi alteram partem rule, which means that both sides of the story must be heard. Ubuntu is attributed to co...

Georgia Property and Casualty Insurance Exam Questions and Answers Latest 2024 (GRADED) BPP building coverage - correct answer insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences - correct answer the larger of $1000 or 10% Coverage C. Limit does not apply if ...

1 ALL PRACTICE EXAM QUESTIONS - LIFE, ACCIDENT AND SICKNESS - GA STATE LICENSE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ How much participation does a Noncontributory plan require? Correct Answer: 100% The insured hands control of the policy to another person (usually the agent) Correct Answer: constructive delivery Filing a request with the insurer - Recording Method, or by endorsement Correct Answer: beneficiary change can be made by doing what? The app...