Licensed and appointed agents represent
A) the state insurance department
B) the insurer
C) the National Association of Insurance Commissioners
D) the applicant or insured"
Ans: B) the insurer
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An electrical energy charge (the amount the user must pay for electricity) is based on:
a. a calculated estimate of the amount of electricity used, derived from previous years' usage b. square footage of the facility c. the actual metered amount of electricity used by a customer d. a flat per-month rate plus a negotiated amount for usage above and beyond that covered by the flat rate
It costs Garner Company $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 3,000 scales at $15 each. Garner would incur special shipping costs of $1 per scale if the order were accepted. Garner has sufficient unused capacity to produce the 3,000 scales. If the special order is accepted, what will be the effect on net income?
a) $6,000 increase b) $6,000 decrease c) $9,000 decrease d) $45,000 increase