promt
what is insurance?​

Answers

Answer 1

Answer:

is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

Answer 2

Answer:

Insurance is a contract in which an insurer promises to pay the insured party a sum of money if an event occurs in the future and in return for regular small payments known as premiums

Explanation:


Related Questions

Select all that apply Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select question. Batch processing accumulates source documents for a period of time and then processes them all at once. Online processing enters and processes data as soon as source documents are available. A disadvantage of online processing is timeliness. An advantage of online processing is timeliness. Accounting systems differ with regard to how input is entered and processed. An advantage of batch processing is the lack of updated databases for management to use when making decisions.

Answers

Answer:

I. Batch processing accumulates source documents for a period of time and then processes them all at once.

II. Online processing enters and processes data as soon as source documents are available.

III. An advantage of online processing is timeliness.

IV. Accounting systems differ with regard to how input is entered and processed.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

Hence, activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.

The correct statements that best describes data processing in accounting includes;

I. Batch processing accumulates source documents for a period of time and then processes them all at once.

II. Online processing enters and processes data as soon as source documents are available.

III. An advantage of online processing is timeliness.

IV. Accounting systems differ with regard to how input is entered and processed.

What is the risk you are taking when investing in bonds? How can you minimize this risk?

Answers

Answer:

Risk: The bonds you own will decline if interest rates rise, interest rate risk.

Minimalize:

- Don't buy bonds when interest rates are low or rising. Buy when stable.

- Stick to short term issues (3 - 5 years)

- Buy bond with different maturity dates

Explanation:

Good luck <3

Dalia Ramirez Anchondo deposits $ 200 into her savings annuity every paycheck. She gets paid weekly. The credit union will pay Dalia 4% compounded quarterly. What is the future value of Dalia in 4 years.


Help me!!!!

Answers

Answer: $41,418.96‬

Explanation:

There are four quarters in a year and the interest rate is a yearly rate that should be converted to a quarterly rate:

= 4% / 4

= 1%

Delia gets paid $200 a week. There are 12 weeks in a quarter so the quarterly contribution is:

= 200 * 12

= $2,400

The number of quarters she invests is:

= 4 * 4years

= 16 quarters

As this payment is constant, it is an annuity.

Value after 4 years will be:

= Annuity * Future value interest factor of annuity, 1%, 16 periods

= 2,400 * 17.2579

= $41,418.96‬

XYZ Ltd has sent Sh.250000 of goods on wholesale price to its branch at Karatina. The Karatina branch manager has marked up the price up 40%. Find the list price of the goods at Karatina branch.

Answers

Answer:

the list price is 350,000

Explanation:

The computation of the list price of the goods is shown below:

As we know that

Markup percentage = (Selling price - cost price) ÷ Cost price

0.40 = (Selling price - 250,000) ÷ 250,000

100,000 = Selling price - 250,000

So, the selling price is 350,000

hence, the list price is 350,000

Select the correct answer from each drop-down menu.

Fill in the correct terms to complete the description of Mischa going through the home-buying process Mischa wants to buy a home.

She has looked at the housing market. Now she needs to find a ______ to become _______ for a mortgage. By doing so, Mischa will know how much she has to spend on a house.

A.real estate agent
B.lender
C.closeing company
D.title company

a.eligible
b.wait listed
c.credit checked
d.prequalified ​

Answers

Answer:

C

Explanation:

C

Because there are so many options in the transportation industry, you don’t really need any goals or plans when you enter it.

True
False

Answers

Answer:

i would say false because u always need goals in your life

Explanation:


Explain to the management of SSSMM the impact of the following socio-
economic issues on their business.

a.Inflation

b.Dumping

Answers

Answer:

inflation

Explanation:

this a process by which prices of a particular goods are high

Internet privacy has become a major issue. In fact, in Europe there are privacy laws to limit how much information websites can collect from users without their permission. The United States does not have comparable laws to protect consumer privacy on the Internet. Collecting this information is beneficial for firms because then they can tailor marketing messages that better fit its users' needs. These better marketing campaigns can provide them with a competitive advantage. Acme Corporation uses cookies and other devices to collect information. Its privacy policy explicitly informs users that it collects information. However, most people do not read through the policy. Lately, some consumers have complained because they are worried that their information could be compromised. They question the security of the site. Acme wants to restore confidence and prove that it has controls in place. Refer to Scenario 3.2. What type of environmental force does this issue involve?

Answers

a. Greyhound bus system

name both anime characters
WRONG ANSWERS ONLY!!!!!!!!!!

Answers

Answer:

it vegata loll..............

Answer: it’s definitely bakugo

Explanation:

Once a company has located several vendors, the next step in the purchasing process is to

A. prepare a purchase order

B. choose a specific product

C. complete a balance sheet

D. compare the vendors

Answers

Answer:

D

Explanation:

Licensee Keira is acting as a limited service agent to list the property only. Her first meeting with the client takes place at his home. He gives Keira a brief tour, highlighting all of the great things that will make the home sell, and quickly moving the conversation away from problem spots (stains on the ceiling from the leaky roof). Shortly after Keira lists the property, she gets a call from a buyer’s agent asking about stains on the ceiling and the roof’s condition. What should Keira do?

Answers

Answer:

Disclose the condition of the roof, as she is aware of the leak.

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION

Tell the buyer's agent she is acting as a limited service agent and to ask the seller.

Tell the buyer's agent she has no knowledge of the property's condition.

Disclose the condition of the roof, as she is aware of the leak.

Go to the property and inspect the roof more closely.

Keira been a limited service agent owes a duty to disclose fact as regards materials property that she is aware of. Since, the seller talked about the condition of the roof when they met, her failure to disclose the fact about it could make her to be guilty of misrepresentation

Companies must consider profit margin before buying for organizational use.

True
False

Answers

Answer:

true

Explanation:

marketing professionals and managers share the same long term for the company

Which of the following statements concerning service guarantees is FALSE? A service guarantee is a mechanism to build customer loyalty. A service guarantee is a way to avoid compensating customers for a service failure. A service guarantee is a tool to clarify exactly what the service must provide. A service guarantee is a way to define a service and ensure satisfactory delivery to the customer.

Answers

Answer:

A service guarantee is a way to avoid compensating customers for a service failure.

Explanation:

the directors want to give R500 000 to a local school.Give Two reasons why companies take such decision.​

Answers

Answer:

To make investments that will grow over time and provide education for less fortunate children

To have a good public image so they can get more customers.

What does a credit bureau do?

It records borrowers' payment histories.
It protects borrowers' deposits.
It regulates credit unions.
It protects against fraud.

Answers

Answer:

b

Explanation:

please mark me as brainlist and be happy

Which of the following management orientations accurately characterizes a company that bases its decisions primarily on market research?

A. Ethnocentric orientation

B. Polycentric orientation

C. Reglocentric orientation

D. Geocentric orientation

Answers

Answer: Geocentric orientation

Explanation:

The management orientation that accurately characterizes a company that bases its decisions primarily on market research is the geocentric orientation.

A company that uses a geocentric orientation sees the whole world as a global market. We should note that a geocentric company makes its products and develops a marketing mix that's standardized for the global market.

Able orally agreed to pay Carr $800 to restore Able's antique car within 18 months, even though it was possible for him to complete the restoration in 10 months. The agreement is: a. unenforceable, because it covers services with a value in excess of $500. b. unenforceable, because it covers a time period in excess of one year. c. enforceable, because personal service contracts are exempt from the Statute of Frauds. d. enforceable, because the work could be completed within one year.

Answers

Answer:

Enforceable because the work could be completed within one year.

Explanation:

An enforceable contract is a contract between two parties that is legally binding.

Carr could complete the restoration of the car in 10 months but Able paid Carr $800 to restore Able's antique car within 18 months.

The agreement is enforceable because the work could be completed within one year.

Option d. is correct.

to insure goods to send them overseas it costs the exporter 5/2% of the value of the goods. if the goods are valued at 16.400$, what will be insurance cost?​

Answers

Answer:

the insurance cost is $410

Explanation:

The computation of the insurance cost is shown below:

Given that

The exporter charged 5 by2% of the value of the goods for insured the goods

And, the goods are valued at $16,400

So the insurance cost is

= $16,400 × 5 ÷ 2%

= $16,400 × 2.5%

= $410

hence, the insurance cost is $410

Why are cooperatives formed?

Answers

To work together for the greater good of a community.
Be us to people can work together to the the same output with less work

look at the picture ​

Answers

Okay, Lets get started.

For number one lets make a company named "Bluberry"

One way we use technology is for creating our websites, Employing people, and to talk to our workers.

2. BlueberryBoss and BerryPIcker

The rest I have no Idea how to help with.

URGENT: Creating and using a checklist makes home maintenance and repair projects more _______. (10 letters)

Answers

Troubleshooting means finding and fixing a problem ,hope this helps

Answer:

productive

Explanation:


Human resources can be categorized into ____ groups?

5

3

2

4​

Answers

Answer:

The real answer is 7. But 5 is an answer in this case

Explanation:

lunch in Jamie's dorm is an all-you-can-eat buffet, served from 11 a.m. until 1 p.m. By noon, the buffet is picked over, and by 12:30, there are very few popular items left. The garbage bins, though, are full of food. If the cafeteria changed its policy so that students had to pay for each item chosen, students would: Select one: a. make the same selections as before, but eat more of what they select. b. select only the most expensive items in the buffet. c. encounter shortages earlier in the day. d. only select an item if its marginal benefit is greater than or equal to its price.

Answers

Answer:

d

Explanation:

A rational consumer would only consume goods for which her marginal benefit is equal or greater than the marginal cost.

Marginal benefit is the benefit derived from consuming one extra unit of a good

Marginal cost is the cost of consuming one more unit of a good

Because the buffet is all you can eat, there is no marginal cost for putting more food on your plate. Thus, students would tend to over-serve. This would lead to wastage of food.

If the policy is enacted, students would only consume goods for which their  marginal benefit is equal or greater than the marginal cost. As a result, wastages would reduce.

the items they would select would be dependent on the marginal benefit they would derive from consuming the food item

Bramble Corp. has $3960000 of 9% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest on January 31 and July 31. On July 31, 2021, the holders of $1250000 bonds exercised the conversion privilege. On that date the market price of the bonds was 106 and the market price of the common stock was $37. The total unamortized bond premium at the date of conversion was $289000. Bramble should record, as a result of this conversion, a

Answers

Answer: Credit of $217480 to Paid-in Capital in Excess of Par

Explanation:

The following information is given in the question as:

Debit: Bonds payable = $1,250,000

Debit: Premium on bonds payable = $92480

Credit: Common stock = $1,125,000

Credit: Paid in capital in excess of Par = $217480

The above were calculated as:

Common stock = ($1250,000/$1,000) × 30 × 30

= $1250 × 90

= $1,125,000

% Conversion will be:

= $1,250,000 / $3960000 = 0.32

Unamortized bond premium will then be:

= 0.32 × $289,000

= $92,480

Paid in capital in excess of par will be:

= $1,250,000 + $92,480- $1,125,000

= $217,480

Therefore, the answer will be to

"Credit of $217480 to Paid-in Capital in Excess of Par"

What do banks pay to their savings account customers?
● A. Interest 《《
○ B. Profits
○ C. Commission
○ D. Dividends​

Answers

Customers of banks' savings accounts receive interest payments. As a result, choice (A) is the right answer.

What is interest rate?

An interest rate is the sum of interest that is accrued each period as a percentage of the principal amount that has been lent, deposited, or borrowed.  The total interest on a loaned or borrowing sum is calculated by the principal amount, the interest rate, the regularity of compounding, and the period of time the loan, deposit, or borrowed took place.

The rate calculated over a year is the annual interest rate. Other interest rates, such as monthly or daily rates, also apply but are typically annualized. The borrower is prepared to pay a fee—the interest rate—for the right to receive money sooner rather than later if they need it or desire it.

Learn more about interest rate, from:

brainly.com/question/14445709

#SPJ2

Calico Company has two operating departments: Department A and Department B. Department A occupies 30% of the floor space of the company but accounts for 75% of the sales of the company. Department B occupies 70% of the floor space of the company but accounts for 25% of company sales. Cleaning expense (an indirect expense of the company), which consists primarily of vacuuming the carpet is $30,000 each year. How much cleaning expense should be allocated to Department B

Answers

Answer: $21000

Explanation:

Based on the information given in the question, the cleaning expense should be allocated to Department B will be the percentage of floor space occupied by Department B multiplied by the cleaning expense. This will be:

= 70% × $30,000

= 70/100 × $30,000

= 0.7 × $30,000

= $21000

Best Reinsurers assumes, under a treaty, all homeowners and personal auto business underwritten by Aurora Insurance Company. On occasion, Aurora will underwrite some homeowners policies with very high value homes. Aurora underwriters have been directed through their underwriting guidelines not to cede high value homes (as in the directive) to the treaty. Although the treaty does not expressly exclude this business, the directive was developed to protect the treaty from unusually high losses. If an application is submitted for a home that falls within the directive and Aurora does not wish to retain the entire risk, what is the best method of handling this submission

Answers

Answer: C. Purchase facultative reinsurance and write the policy

Explanation:

The options are:.

A. Purchase another treaty and write the policy

B. Decline the business for reinsurance reasons

C. Purchase facultative reinsurance and write the policy

D. Cede the policy to the existing treaty if the risk is acceptable

Based on the information given, we should note that in a case whereby an application is submitted for a home which falls within the directive and Aurora does not wish to retain the entire risk, the best method of handling this submission will be to buy a facultative reinsurance and then write the policy.

A facultative reinsurance is the coverage that is bought by a primary insurer in order to cover a particular risk. Hence, it'll be used to cover the single risk in this case.

Text written for advertising and marketing campaigns is referred to as

A. content.

B. context.

C. copy.

D. collateral.

Answers

Answer:

the correct answer is context

5 role of development banks in economic development​

Answers

The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.

Monica recently got a promotion to a management role with greater scope and responsibility. She wants to be as effective as possible in her new job. Which of the following could help her improve her ability to manage her new subordinates?
A) Updating her résumé as an exercise to reflect on her career path to date and what her next step should be
B) Taking an extension class in how to read a company’s financial statements
C) Reflecting on the effects of her past actions to evaluate how they affected herself and others
D) Understanding that her management style has gotten her a promotion so she should not change anything

Answers

Answer:

C) Reflecting on the effects of her past actions to evaluate how they affected herself and others

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

In this scenario, Monica recently got a promotion to a management role with greater scope and responsibility. She wants to be as effective as possible in her new job. Thus, what could help her improve her ability to manage her new subordinates is reflecting on the effects of her past actions to evaluate how they affected herself and others.

Generally, having a reflection on past decisions and actions would help anyone in a leadership position to assess or evaluate how they have affected their organization, subordinates and themselves either positively or negatively.

Other Questions
Let's assume our class is truly representative of the population at large. (a) Calculate the probability of having three right handed people in a sample of 10. Do this using R. (b) repeat, but this time calculate the probability of 3 or less right handed people in a sample of 10.n=17 right handed= 15 left handed=2 Couples who both have normal colour vision and have a child with colour blindness. Explain how this may happen, and state that the sex of the colour blind child must be. 20. Some urea diffuses out of the collecting duct, because the tubule is permeable to urea. This adaptation allows the interstitial fluid of the inner kidney to become more concentrated than the filtrate. In turn, more water is reabsorbed by blood. What a perfect system! The filtrate reaching the collecting duct is called urine. Is urine more or less concentrated than the initial filtrate Which of the following describes what John Brown tried to do in 1859?O A. Organize a rally in Haymarket Square in support of an eight-hourworkdayB. Start a slave revolt at Harpers FerryC. Organize a women's rights rally in Seneca, New YorkO D. Establish a settlement house for immigrants in BostonSUBMIT NEED HELP This is a picture of a coordinate graph.Which ordered pair describes a point that is located 4 units to the left of the origin and 6 units below the x-axis? (4, 6) (6, 4) (4, 6) (6, 4 Kim has a generally positive outlook on life. According to Barsade and Gibson, this is a(n) What is the distance from the origin to point A graphed on the complex plane below? Pls help mehThe diameter of a circle is 3 ft. Find its area to the nearest tenth.PLS FOLLOW THE RULESTROLL FOR POINTS= REPORTFIRST AND CORRECT ANSWER= BRAINLIEST( NO LINKS ) A survey of high school students with jobs asked whether the students saved some of the money they earned. 80% of the students said they saved some money. Out of 340 students, predict how many would save some of their earnings. 45 is what percentage of 150? A. 0.3% B. 3% C. 30% D. 35% Which statement about the area of a right triangle is true?F :The area formula for a right triangle is the base times the height because a rectangle can bedivided into two right triangles.G: The area formula for a right triangle is the base times the height because a right trianglecan be divided into two rectangles.H: The area formula for a right triangle is one-half of the base times the height because arectangle can be divided into two right triangles.J: The area formula for a right triangle is one-half of the base times the height because a righttriangle can be divided into two rectangles. find the y - intercept of the graph A chef cooked vegetables for 22 customers. The chef cooked 1/3 pound of potatoes and1/4 pound of green beans foreach customer.How many pounds of vegetables did the chef cook for these customers all together? Find the area please! In what area of the world did theEnlightenment period have its start?A. South AmericaB. EuropeC. Asiaright 2003 - 2021 Acellus Corporation. All Rights Reserved. what monetary policy would the federal reserve adopt to control inflation Lines 166170: Which words in these lines convey judgment? Explain the connotation of each word. A breve representsA. A stressed syllableB. metric footC. An unstressed syllableD. An accent What specific type of physical weathering is dominant on beaches? How do you do this equation? 2(m+7)= blank m+ blankUse properties of operations to complete the equivalent expression.