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Artemon [7]
2 years ago
13

Of the types of insurance discussed in this video which are required by law? Select all that apply. Collison O Comprehensive D U

ninsured Motorist SR-22 Personal Injury Protection Bodily Injury and Property Damage Liability​
Business
1 answer:
Xelga [282]2 years ago
6 0

The types of insurance that are required by law are Bodily injury and property damage liability and personal injury protection.

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

Insurance refers to the contract under which an individual is entitled to receive financial protection from the insurance company. Life, health, homeowners, and auto are the common forms of insurance.

These policies are used to hedge the risk of financial losses. The types of insurance required by law are Bodily injury and property damage liability and personal injury protection.

Learn more about Insurance here:

brainly.com/question/989103

#SPJ1

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The days' sales uncollected ratio is used to: Multiple Choice Estimate how much time is likely to pass before the amount of acco
olchik [2.2K]

Answer:

The days' sales uncollected ratio is used to:  Estimate how much time is likely to pass before the amount of accounts receivable is received in cash

Explanation:

The days' sales uncollected ratio is an Asset Management ratio which calculates the length of time that it to collect credit from a customer and the first option is correct.

7 0
3 years ago
Charles wants to start a décor business and takes a loan of $35,000 from the bank to set up the business. Once the business is u
miv72 [106K]

Answer:

Sole Proprietorship

Explanation:

Charles is planning to start a sole proprietorship business. It is the most common form of business ownership.

This is the form of business owned, managed and operated by a single individual. Here, there is no distinction between the business and the owner. The owner of the business will have total control of all the profits incurred in the business and solely be responsible for all losses incurred as well.

5 0
3 years ago
Chuck has $2,500 invested in a bank that pays 4% annually. The length of time it will take for his funds to double is closest to
Arada [10]

Answer:

The answer is 17.67 years.

Explanation:

Present value is $2,500

Future value of the money to be double of the present value. This means the future value will be $5,000($2,500 x 2)

Interest rate is 4%

Number of years or periods to reach this $5,000 is unknown. So we are looking for this.

To compute this number of periods, lets use Financial calculator.

I/Y = 4; PV= -2,500; FV= 5,000; CPT N= 17.67 years.

Therefore, the number of years to accumulate to $5,000 is 17.67 years

7 0
3 years ago
Being aware of your expectations is an example of a. For introducing mindfulness to young children
ohaa [14]

Being aware of one's expectations is to keep them in check and to ensure that they are realistic. This is one of the ways to practice <u>Effective Parenting.</u>

<h3>Dangers of Unrealistic Expectations</h3>

Some of the dangers of unrealistic expectations are:

  • Friction
  • misunderstandings
  • frustrations
  • damage to the self-esteem of the kids and stifle healthy mental development of the kids

See the link below for more:
brainly.com/question/5345351

8 0
2 years ago
Which of the following is typically considered a disadvantage of sole proprietorships? Multiple Choice Income taxes are paid by
matrenka [14]

Answer:

The answer is: Owner is personally liable for all debts of the business.

Explanation:

Sole proprietorship is the oldest type of business, where a single person is the owner of a business.

Some of the advantages of sole proprietorship are:

  • the simplest and most flexible business structure.
  • owner has complete control and full decision making powers
  • easy to close down the business
  • profits are taxed at the owner´s tax rate

Some of the disadvantages of sole proprietorship are :

  • owner is personally liable for all debts of the business .- if the business goes bankrupt, usually the owner does also
  • death or illness of the owner will lead to the end of the business.
  • difficulties in raising capital from outside sources
7 0
2 years ago
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