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3 years ago

For business and personal finance: What is insurance?

Business

1 answer:

maksim [4K]3 years ago

5 0

Answer:

Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.

From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.

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The decision about what goods and services will be produced in a market economy is made by

grandymaker [24]

<span>e. consumers and firms choosing which goods and services to buy or produce

hope it helps I think this is right </span>

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3 years ago

Presented below is the income statement of Cowan, Inc.: Sales revenue $372,700 Cost of goods sold 221,800 Gross profit $150,900

KATRIN_1 [288]

Cowan Inc

Statement of Cash Flows (Partial)

(Indirect Method)

Cash flows from Operating Activities

Net Income 43200

Adjustment to reconcile

net income to net cash

provided by operating activities:

Increase in accounts receivable (22000)

Decrease in Inventories 18600

Decrease in salaries payable

(Operating expenses) (8700)

Increase in accounts payable 13700

Decrease in income taxes payable (2700)

Depreciation expense 16700

Increase in deferred tax liability 4200 19800

Net cash provided by operating activities 63000

Cowan Inc

Statement of Cash Flows (partial)

(Direct Method)

Cash Flows from Operating Activities:

Cash Received from Customers (372700-22000) 350700

Cash paid to suppliers (221800-18600-13700) 189500

Operating Expenses Paid (80800+8700-16700) 72800

Taxes Paid (26900+2700-4200) 25400 287700

Net cash provided by operating activities 63000

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3 years ago

When compiling your list of references you should include _____. a. the name, title, and contact information for each b. a short

sladkih [1.3K]

A is your answer here

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3 years ago

Read 2 more answers

In relationship-based marketing, the focus is on enticing a buyer to make a purchase now based on such factors as low price, con

andrey2020 [161]

Answer: false

Explanation:

Relationship marketing looks at using customer service and quality of service as benchmarks in the companies marketing activities. They are developed at looking at lifetime relationship with clients. They are not about low price, convenience, packaging, or similar inducements now, these are factors for gaining a new client.

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3 years ago

Consider firms that introduce new products, such as DVDs in 2001. When firms introduce new products, how do they typically det

lyudmila [28]

Answer:

D. estimate price elasticity of demand by experimenting with different prices.

Explanation:

Price elasticity of demand is an economic concept which is a measure of the sensitivity of customers willingness to buy something to its price. If the customers readily change their buying behavior with a change in price of the product, it would mean that the demand for the product is elastic.

When firms are introducing new products, they generally determine the best selling price by experimenting with different prices and observing the buying behavior of customers. Then the choose the price which produces the maximum amount of revenue for the firm, which entails the price of the product and number of units sold.

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3 years ago