An insured has a duty to notify an insurer promptly after a covered event occurs
Indicate whether the statement is true or false
TRUE
You might also like to view...
A company has net sales on account of $1,200,000 . Net accounts receivable at the beginning of the year are $500,000 and net accounts receivable at the end of the year are $700,000 . The average number of days that the accounts receivables were on the books was
a. 8.7 days. b. 182.5 days. c. 304.0 days. d. 439.8 days.
The income statement account most likely affected by an AIS investment in customer relationship management (CRM) would be:
A. Cost of Goods Sold. B. Revenues. C. Selling, General and Administrative Expenses. D. Unearned Revenue.
The default format for a DATE column is ____________________
Fill in the blank(s) with correct word
During October, Fryer Corporation budgeted for 30,000 customers, but actually served 33,000 customers. Revenue should be $2.90 per customer served. Wages and salaries should be $27,200 per month plus $0.80 per customer served. Supplies should be $0.60 per customer served. Insurance should be $6,700 per month. Miscellaneous expenses should be $3,100 per month plus $0.10 per customer served.Required:Prepare the company's flexible budget for October based on the actual level of activity for the month.
What will be an ideal response?