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2 years ago

What is the relationship between insurance and successful financial management? Why is insurance important?

Business

1 answer:

Furkat [3]2 years ago

5 0

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Insurance is an important aspect of risk management in business. Insurance is related to successful financial management because when a business is insured, it can weather times of loss and unforeseen occurrences without losing its strength. Insurance is important because it helps businesses to mitigate loss.

Insurance is an aspect of risk management in business where a policyholder pays an agreed sum to the insurer, with the intent of lightening any unforeseen losses they may encounter in the future.

Insurance is important because businesses come with risks that could be sudden and unexpected.

The pool of funds generated by the insurance company from other insurers will be used to attenuate the loss that the business will face.

Conclusively, if businesses will thrive for a long time, insurance is very beneficial.

Learn more here:

brainly.com/question/13769098

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Arturiano [62]

Breaking bulk is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to consumers and end users

<h3>What is breaking bulk?</h3>

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2 years ago

If abc company earned $280,000 in net income and paid cash dividends of $40,000, what are abc's earnings per share if it has 80,

Nadya [2.5K]

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3 years ago

Which of the following is a good example of inflation?

Ulleksa [173]

Answer:

D. It cost you $85 to gas up your car this month. But last month it only cost you $50.

Explanation:

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4 years ago

Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending

Assoli18 [71]

Answer:

reported as income for all three years is $7,000

Explanation:

given data

cost of the ending inventory = $181,000

market value inventory = $160,000

to find out

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solution

we get here Income per year that is

Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year ..............................1

put here value we get

Income per year = $\frac{181000 - 160000}{3}$

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4 years ago

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Tcecarenko [31]

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3 years ago