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1 year ago

Which of the following is a benefit of insurance?.

1 answer:

8 0

The ability to receive compensation for losses is insurance's most obvious and crucial benefit. An insurance strategy is a policy used to reimburse people and associations for covered misfortunes.

What is an advantage of having insurance?

By shielding you from potential financial losses or liabilities brought on by unanticipated occurrences, insurance primarily serves to preserve your current wealth.

Describe three advantages of term insurance.

The advantages of purchasing term insurance include the ones listed below: Affordable Premium for a Large Guaranteed Sum. Simple to comprehend. Numerous Options for Paying Out Death Benefits.

Insurance serves a number of purposes, including risk sharing, capital formation, economic development, and other things. Insurance has nothing to do with loans.

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An international children’s charity collects donations, which are used to buy clothing and toys for children in need. The charit

MatroZZZ [7]

Answer:

Required 1

General Journal

Cash $8,500 (debit)

Donations Revenue $8,500 (credit)

Cash and Checks received as Donation Revenue

Wages Expenses $3,000 (debit)

Cash $3,000 (credit)

Wages to employee paid

Note Payable $3,420 (debit)

Cash $3,420 (credit)

Repayment of Short Term Loan

Supplies $4,920 (debit)

Cash $2,080 (credit)

Note Payable $2,840 (credit)

Purchase of Toys on cash and on credit

Supplies $4,020 (debit)

Donations Revenue $4,020 (credit)

Donations revenue received in form of Toy Supplies

Required 2

Net Income is $9,520

Explanation:

Calculation of Charity’s preliminary net income.

Donations Revenue ($8,500 + $4,020) $12,520

Less Expenses :

Wages ($3,000)

Net Income/ (Loss) $9,520

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3 years ago

Market pressures tend to move prices toward a(n) _____. price that causes shortages price that causes surpluses equilibrium pric

torisob [31]

Equilibrium would be the answer

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3 years ago

Read 2 more answers

.Others at work see me as assertive. need answers for application

svp [43]

Answer:

yes

Explanation:

It is an ability to defend your rights without hurting those of others. An assertive person, therefore, is the one who can express his emotions, needs, and opinions to others without being forceful in any way

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3 years ago

Based on the Information that follows, prepare the cost of goods sold section of a multiple-step income statement.

Shtirlitz [24]

Answer:

Cost of goods sold = $105,060

Explanation:

a) Data and Calculations:

Cost of goods sold section of the multi-step income statement:

Merchandise Inventory, January 1, 20-- $37,000

Purchases 102,000

Purchases Returns and Allowances (4,200)

Purchases Discounts (2,040)

Freight-In 800

Merchandise Inventory, December 31, 20--(28,500)

Cost of goods sold $105,060

b) The cost of goods sold comprises the beginning inventory, purchases and freight-in costs incurred during the period, less purchases returns and discounts, and the ending inventory. It represents the cost incurred directly for the goods sold. This means that indirect costs are not included in the cost of goods sold. Such costs are usually deducted as period costs before arriving at the net income.

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3 years ago

Which of the following are examples of reportable incidents? choose all that apply

Andrews [41]

Answer:

a healthcare provider failing to respond to a patient’s alarm

a malfunctioning heart monitor

a healthcare provider’s unexplained absence

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3 years ago