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
elena-s [515]
3 years ago
13

How does a deductible affect insurance?

Business
1 answer:
Alex73 [517]3 years ago
6 0

The deductible is the amount a person must pay before their insurance will start to pay. For instance, say you have a $1,000 deductible on your car and you have a wreck that causes $3,000 worth of damage. the driver would have to pay the $1,000 first and then the insurance will help cover the other $2,000 at the rate the policy stipulates.

As for pricing, the insurance policies with higher deductibles (meaning the subscriber pays more for losses), the insurance premium would be cheaper than those policies with a smaller deductible.

You might be interested in
Tuity fruity beverage​ company's operating activities for the year are listed below. purchases ​$140 comma 500 operating expense
Greeley [361]

Answer:

$135,100

Explanation:

Given :

Cost of purchasing: $140,500

Operating expenses :$80,600

beginning inventory:$12,900

Ending inventory:$18,300

sales revenue :$300,700

Gross profit of the year can be determined by

Cost of purchasing + beginning inventory - Ending inventory

=140,500 + 12,900 -18,300

=$153,400-$18,300

=$135,100

8 0
3 years ago
If the japanese yen appreciates against the u.s. dollar,
Burka [1]

Answer:

If the Japanese yen appreciates against the U.S. dollar,

a. Japanese businesses gain by a decrease in the dollar price of exports to the United States.

b. Japanese consumers gain by a decrease in the yen prices of U.S. exports to Japan.

c. Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.

d. U.S. consumers gain by a decrease in the dollar price of Japanese exports to the United States.

8 0
1 year ago
How do I become a business man?​
rjkz [21]

It depends. Do you want to start a business? If so, it costs alot of money. First you need to decide what you want you business to be, then you have to build a corporation and hire workers.

8 0
3 years ago
Read 2 more answers
Janis starts a small quilting and embroidery business. She purchases a technologically advanced quilting machine and an embroide
QveST [7]

Answer:

B. Cash Flow problem

Explanation:

Cash flow problem occurs in a business when the business struggles to pay back debts. It happens when a business cannot longer cover its debt payments and operational expenses. It is very common in new and growing business, because during growth period in a business, expenses are larger than receivables.

Janis in this case is facing cash flow problems as she is not getting enough clients and receivables to pay back the expenses her equipment is bringing in. The major solution to cash flow problem for short term/temporary issues is Financing.

7 0
3 years ago
The ratio of earnings to sales for a given time period is a​ firm's profit margin.
slega [8]

Answer:

The answer is: True

Explanation:

The profit margin of a business can be calculated using the following formula:

  • gross profit margin = (gross profit / net sales ) x 100
  • net profit margin = (net income / net sales) x 100

The difference between them is that the gross profit margin only considers the difference between net sales and COGS, while the net profit margin includes other expenses.

7 0
3 years ago
Other questions:
  • Mike Tyson earned about $200 million over his 15-year boxing career, but by 2003 he was in financial trouble. This is an example
    7·1 answer
  • A company has 10.1 million shares of common stock outstanding, 450,000 shares of 5 percent preferred stock outstanding, and 235,
    8·1 answer
  • Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in
    13·1 answer
  • You own 180 shares of stock in Halestorm, Inc., that currently sells for $82.45 per share. The company has announced a dividend
    6·1 answer
  • A registered investment adviser and its representatives have been registered in a State for the past 5 years. The current regist
    5·1 answer
  • Suppose Barry is maximizing his utility from consuming used paperback novels and audio books. The price of a used novel​ = $4 an
    11·1 answer
  • Aletha had an accident in which she fell into hot cooking grease. despite many operations and treatments, her face, neck, and ha
    14·1 answer
  • Suppose ​$50 comma 000 is deposited at a bank. The required reserve ratio is 20 ​percent, and the bank chooses not to hold any e
    5·1 answer
  • Tan Corporation issued $600,000,000 of 7% bonds on November 1, 2015, for $644,636,000. The bonds were dated November 1, 2015, an
    9·1 answer
  • If you have a balance of $1,000 on your credit card, and the interest rate is 17¾% a year, in order to pay off the $1,000 in 5 y
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!