1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VladimirAG [237]
2 years ago
12

Which statement best describes how insurance works?

Business
1 answer:
Brilliant_brown [7]2 years ago
7 0

Insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.

<h3>What is insurance?</h3>

Insurance involves securing an item against accident or any damages.

An individual can insure properties such as Land, building or Life by paying certain amount of money which serves a premium.

Therefore, insurance companies collect and hold a customer's premiums and pay claims from that money in the event that the customer has a loss.

Learn more on insurance below,

brainly.com/question/25855858

#SPJ1

You might be interested in
Too Young, Inc., has a bond outstanding with a coupon rate of 6.9 percent and semiannual payments. The bond currently sells for
dlinn [17]

Answer:

7.43%

Explanation:

Where the debt is publicly traded , the cost of debt is equal to the yield to maturity

Approximate yield to maturity = [coupon +(face value - market price )/ number of years to maturity ]/ [{face value + market price]/2]*100

Face value - 2000

Market price - 1905

years to maturity= 30 years

Coupon =( 6.9%*2000)/ 2 = 69

Workings

[69 + (2000-1905)/30] / [(2000+1905]/2 *100)

([69+3.17]/[(3905]/2*100)

(72.17/1952) * 100 = 3.70

Annual yield = 3.7*2= 7.4%

7.4 % being an approximate yield value , the closest option is 7.43%

8 0
3 years ago
Can I earn by brainly?
Snowcat [4.5K]

Answer:

huh?

Explanation:

4 0
2 years ago
Read 2 more answers
¿Un producto tiene una EPD de 0,73. Qué podemos decir acerca de la Elasticidad de este producto? Explique.
kifflom [539]

Answer:

En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio.

Explanation:

La elasticidad precio de la demanda (EPD) indica en qué medida los cambios en el precio alteran la demanda de productos o servicios concretos. En otras palabras, la elasticidad precio de la demanda señala cuánto varía la cantidad demandada de un bien cuando varía su precio.

Se calcula comparando el valor porcentual del cambio en el precio con el del correspondiente cambio en la demanda. Es decir, se define como el cambio porcentual en la cantidad demandada dividido por el cambio porcentual en el precio.

Si la EPD > 1, se dice que la demanda del bien es elástica y la cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.  La cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.

Si la EPD < 1, se dice que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. La demanda de un bien es inelástica cuando la reacción de los consumidores ante un cambio en el precio no es significativa.

Si la EPD = 1, se dice que la demanda del bien tiene elasticidad unitaria y la cantidad demandada aumenta (disminuye) en la misma proporción en que baja (sube) el precio.

<u><em>En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. </em></u>

4 0
2 years ago
when pietro, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management functi
Arte-miy333 [17]

When pietro, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management function of planning.

This statement is true.

Planning means looking ahead and chalking out the  future courses of action to be followed. It is a preparatory step of every management . It is a systematic activity which determines the process of  when, how and who is going to perform a specific job.

Planning is a detailed programme which is related to  future courses of action.

To know more about planning here:

brainly.com/question/22590420

#SPJ4

5 0
1 year ago
Answer this question on the basis of the given information for an economy in 2016. dollar value of resource extraction activity
Flura [38]
<span>Basis of the given information for an economy in 2016. Dollar value of resource extraction activity = $20 billion Dollar value of production activity = $50 billion Dollar value of distribution activity = $80 billion Dollar value of final output = $110 billion Gross output for this economy in 2016 equals $260 billion.</span>
6 0
2 years ago
Other questions:
  • Tanner Company, a subsidiary acquired for cash, owned equipment with a fair value higher than the book value as of the date of c
    5·1 answer
  • When an asset is sold, a gain occurs when the?
    13·1 answer
  • Your salmon dish has a food cost of $4.76, and your price includes a markup of 300%. You decide to decrease your percentage mark
    6·1 answer
  • 13. A kitchen sink should always be
    10·1 answer
  • Steady As She Goes Inc. will pay a year-end dividend of $3.40 per share. Investors expect the dividend to grow at a rate of 5% i
    13·1 answer
  • The ________ consists of systems analysts, specialists from the relevant end-user business areas, application programmers, and p
    6·1 answer
  • An investor who purchases stock in a closely held corporation with a small number of outstanding shares should be MOST concerned
    15·1 answer
  • National Inc. manufactures two models of CMD that can be used as cell phones, MPX, and digital camcorders. Model Annual Sales in
    13·1 answer
  • Why do companies use a predetermined overhead rate rather than an actual overhead rate?.
    5·1 answer
  • Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P = 123 - 3Q. The total cost function f
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!