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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.

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Which type of wan connection is not shared with other users and has continuously available communications channels?
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Which of the following is true of​ cartels?
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option c is correct

Explanation:

option c is correct

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On January 2, 2020, Pronghorn Company sells production equipment to Fargo Inc. for $52,000. Pronghorn includes a 2-year assuranc
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Answer:

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Cr Warranty Liabiltiy $640

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Preparation of the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.

January 2, 2020

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Cr Sales Revenue $52,000

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