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nirvana33 [79]
2 years ago
8

Which scenario best describes purchasing property insurance? mitchell buys insurance to protect his new stereo system from theft

. carmen gets insurance to cover a car she recently inherited. lee buys insurance to protect her home in case of fire damage. jake gets insurance after his dog ruins a neighbor’s yard.
Business
1 answer:
hodyreva [135]2 years ago
6 0

The scenario that best describes the purchasing property insurance is Mitchell buying insurance to protect the new stereo system from theft.

<h3>What do you mean by Purchase?</h3>

Purchase refers to acquiring something or to buy something by paying an amount for it.

Purchasing property insurance provides benefits to gain more confidence and security and provide protection if something went wrong.

In the above scenario given, Mitchell bought insurance for the newly purchased stereo system. So, it is the best scenario for describing purchasing property insurance.

Therefore, A is the correct option.

Learn more about Purchase here:

brainly.com/question/14290962

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Which of the following investments would have the lowest present value? Assume that the effective annual rate for all investment
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Answer:

Investment D would have the lowest present value

Explanation:

A is smaller compared to E, This is because the money comes in later

The same argument holds for B and C, that is, B is lower compared to C because the money comes in later too.

A is also lower than B, this is because  of the annuity to be received later is larger.

D is just one payment, which means D is the right answer compared to A

This means investment D would have the lowest present value compared to all other investment choices.

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3 years ago
Multinat is a large corporation with its headquarters in Asia. It wants to open new divisions in Africa and Australia. The compa
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3 years ago
Identify the four institutional sources of contract
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8 0
4 years ago
An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of
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Answer:

It should cost $605,183.13 today.

Explanation:

Giving the following information:

Cash flow= $50,000

Number of years= 30

Interest rate= 7.25%

To calculate the present value, first, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {50,000*[(1.0725^30)-1]} / 0.0725

FV= $4,940,897.47

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 4,940,897.47/ (1.0725^20)

PV= $605,183.13

8 0
3 years ago
Working capital accounts include which of the following? (Select all that apply.) a. Current assets b. Current liabilities c. Eq
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A. Current assets and B. Current liabilities

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Current assets includes cash, accounts receivable and inventories of raw materials and finished goods

Current liabilities are accounts payable

3 0
4 years ago
Read 2 more answers
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