Items stipulated in the contract that the insurer will not provide coverage for are found in the
A Exclusions clause.
B Insuring clause.
C Benefit Payment clause.
D Consideration clause.
A Exclusions clause.
Exclusions are restrictions of coverage as stated in the policy.
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The general ledger account for Accounts Receivable shows a debit balance of $25,000 . Allowance for Uncollectible Accounts has a credit balance of $1,500 . Net sales for the year were $250,000 . In the past, 3 percent of sales have proved uncollectible, and an aging of accounts receivable resulted in an estimate of $10,000 of uncollectible accounts receivable. Using the accounts receivable aging
method, the entry to record the Uncollectible Accounts Expense is: a. Uncollectible Accounts Expense 10,750 Allowance for Uncollectible Accounts 10,750 b. Uncollectible Accounts Expense 8,500 Allowance for Uncollectible Accounts 8,500 c. Uncollectible Accounts Expense 10,000 Allowance for Uncollectible Accounts 10,000 d. Uncollectible Accounts Expense 11,500 Allowance for Uncollectible Accounts 11,500
In general, when rates in the financial markets increase, the prices (values) of financial assets decrease.?
Answer the following statement true (T) or false (F)
Gardner Machine Shop estimates manufacturing overhead costs for the coming year at $318,000
The manufacturing overhead costs will be allocated based on direct labor hours. Gardner estimates 5,000 direct labor hours for the coming year. In January, Gardner completed Job A33, which used 70 machine hours and 23 direct labor hours. What was the amount of manufacturing overhead allocated to Job A33? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $1,463 B) $4,452 C) $5,915 D) $4,543
Changing Organizational Culture (Scenario)Mary has been asked by the company president to change the organizational culture to reflect the company's new organizational goals. As executive vice president, she certainly understands the goals, but is really not sure that she understands what to do about the culture.Mary also found out that in order to build a strong new culture, she should do all but which of the following?
A. hire employees who fit in with the company's culture B. develop socialization practices to build culture C. encourage a high turnover rate among employees D. have management make organizational values clear