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2 years ago

Insurance Reading Quiz

1 answer:

6 0

The statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.

<h3>What is disability insurance plans?</h3>

Disability insurance plans can be defined as an insurance plan that help to cover the cost of people that are physically disabled.

When a person is disable due to work hazard the employers may tend to provide short-term or long term disability insurance plans that will help to provide income to disable person.

Therefore the statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.

Learn more about Disability insurance plans here: brainly.com/question/16810465

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The principle of comparative advantage asserts that a. the world price of a good will prevail in all countries, regardless of wh

Free_Kalibri [48]

Answer:

b. countries can become better off by specializing in what they do best.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

5 0

3 years ago

If a loan is risky and extends for more than a year, the lender may ask for

yawa3891 [41]

collateral looks like the best option

3 0

3 years ago

Read 2 more answers

Which of the following processes is responsible for releasing the energy captured during photosynthesis? Select one: a. Eliminat

almond37 [142]

Answer: The correct answer is Option b.

Explanation:

Photosynthesis reaction is defined as the process in which plants make their own food with the help of carbon dioxide and water in the presence of sunlight. The energy is captured in the form of ATP during this process.

For the given options:

Option a: Elimination

Elimination reactions are defined as the reactions in which a kind of atoms or groups of atoms leave the molecule. This process is not seen in photosynthesis reaction.

Option b: Cellular respiration

Chemical energy stored in food is the source of the energy that is required to regenerate ATP. The process in which energy is released from food by a series of enzyme-controlled reactions is called cellular respiration.

Option c: Absorption

Absorption is defined as the process which involves a reaction between the substance being absorbed and the absorbing medium.

Option d: Digestion

Digestion is defined as the process by which complex food molecules are broken down into simple molecules that can be absorbed by the body for nutrition.

Option e: Transpiration

Transpiration is defined as the process where plants absorb water through their roots and then give off water vapor through the pores from their leaves.

From the above information, the correct answer is Option b.

5 0

3 years ago

Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $300,000 for extrac

Step2247 [10]

Answer:

Santa Fe's cost depletion expense for the current year is $90,000

correct option is b) $90,000

Explanation:

given data

Santa Fe paid = $300,000

Santa Fe recover = 5,000 pounds

Santa Fe extracted = 1,500 pounds

sold = $250,000

to find out

Santa Fe's cost depletion expense for the current year

solution

we get Santa Fe's cost depletion expense for the current year will be here as

cost depletion expense = $\frac{paid}{recover}$ × extracted .......1

put here value we get

cost depletion expense = $\frac{300000}{5000r}$ × 1,500

cost depletion expense = 60 × 1,500

cost depletion expense = 90,000

so Santa Fe's cost depletion expense for the current year is $90,000

correct option is b) $90,000

8 0

3 years ago

Maxim Corp. has provided the following information about one of its products:Date Transaction Number of Units Cost per Unit1/1 B

Vesnalui [34]

Answer:

$101,904.6

Explanation:

The computation of the cost of goods sold using the average cost method is shown below:

Beginnig Inventory 285 at $157 = $44,745

Purchases 485 at $177 = $85,845

Purchases 185 at $217 = $40,145

Total cost = $170,735

Now

Total number of units is

= 285 + 485 + 185

= 955

Now

Average Cost per unit is

= $170,735 ÷ 955

=$ 178.78

And, finally

Cost of goods Sold is

= 570 × $178.78

= $101,904.6

3 0

2 years ago