goods or services have been delivered. B. The selling price is fixed or determinable. C. Collection is reasonably assured. D. The cash payment has been received. 7. On October 1‚ 2013‚ Adams Company paid $4‚800 for a two-year insurance policy with the insurance coverage beginning on that date. As of December 31‚ 2013‚ which of the following account balances are correct after
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Health Data‚ 2010-2011). The present essay will assess positive and negative effects of the ruling. It will try to answer the question: what impact will the health insurance exchange‚ a strategic element of our president’s initiative‚ will have on hospitals and health care administration? According to Obama health insurance exchange will be "... a market where Americans can one-stop shop for a health care plan‚ compare benefits and prices‚ and choose the plan that’s best for them‚ in the same
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marks) “At the heart of every insurance transaction is a requirement that both parties exercise utmost good faith towards each other….The principle is…sometimes expressed by saying that insurance contracts are contracts uberrimae fidae.” (Petony‚ Graw‚ Lennard and Parker‚ Understanding Business Law‚ 5th ed‚ Lexis Nexis‚ 2011‚ p702) Required: a. Explain what is meant by “utmost good faith” and why it is of particular importance in the context of insurance contracts. (10 marks) b. How is
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Pet Insurance in West Virginia West Virginia is an excellent state to raise pets in‚ whether they are indoor or outdoor ones. The weather conditions do vary‚ as summers can be hot and winters can be downright snowy and frosty‚ so it is important to choose a pet that you know you can care for no matter what the conditions. West Virginia also offers vast amounts of farmland for men and women who wish to raise outdoor farm animals‚ such as sheep‚ pigs‚ cows‚ horses‚ chicken and turkeys. Many also own
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Life Insurance in Latvia‚ Key Trends and Opportunities to 2017: Order report by calling marketreportsstore.com at +1 888 391 5441 OR send an email on sales@marketreportsstore.com with Life Insurance in Latvia‚ Key Trends and Opportunities to 2017 in subject line and your contact details. Synopsis The report provides in-depth market analysis‚ information and insights into the Latvian life insurance segment‚ including: • The Latvian life insurance segment’s growth prospects by life insurance categories
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into account not only the amount of net profit‚ he earns but also the amount of standing or fixed charges which have been charged against the revenue for determining the amount of net profit. Of course‚ he may not get such incomes covered by the insurance policy which will not be affected by dislocation of his business on account of fire. e.g. income from investments‚ rent from the property let out etc. Loss of profit occurs because of loss of sales on account of dislocation of the business. Moreover
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I actually did previously have Growers insurance until I acquired in an accident. Despite the fact that I had formed a local insurance agent‚ because My spouse and i experienced to file my promise after hours‚ I actually experienced to speak to a generic claims call centre. Then‚ since I begun what he claims using the 1-800 number‚ My spouse and i was required to complete other process like that. By that point I used to be requesting myself why I used to be paying a premium to have a local agent
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with budget cuts of around $ 716‚000‚000‚ a tax increase‚ and also increase the cost of medications. Health insurance exchange will be set up to try to organize the programs and offer different choices for health care plans. Overall‚ Obamacare will affect people that already have insurance by making their costs continue to rise. Obamacare is estimated to make the cost of insurance skyrocket‚ but no one truly knows. Obamacare is mostly modeled after Romneycare. Obamacare is going to cost
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Performance Investment Product Corporation (PIPC) In 2007 there was a scandal involving a foreign exchange firm Performance Investment Product Corporation wherein the owner of the company‚ Michael H.K. Liew a Singaporean National fled the country taking with him fund’s of the investors amounting to US$140 million to US$250 million. (James‚ PIPC investors lose money as Michael Liew disappears‚ 2007) The firm was established in the Philippine as an online Forex trading service in 1998. (James‚ Updates
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Medicare is insurance under the Social Security system insuring a vast majority of people over the age of 65. Majority of those on Medicare also have medigap policy‚ a supplemental private insurance. According to Hillier‚ S. & Barrow‚ G.M.‚ “Such policies are sold by private companies to help cover the “gaps” in health-care protection for which Medicare does not provide.” The required core benefits of the medigap policy include: Daily Medicare co-payment of $191 for hospital days 61 through 90‚ and
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