All categories

2 years ago

For business and personal finance: What is insurance?

Business

1 answer:

maksim [4K]2 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.

You might be interested in

7. Assume that you manage a $10.00 million mutual fund that has a beta of 1.05 and a 9.50% required return. The risk-free rate i

Vadim26 [7]

Answer:

The correct answer is option (A).

Explanation:

According to the scenario, the computation of the given data are as follows:

First, we will calculate the Market risk premium, then

Market risk premium = (Required return - Risk free rate ) ÷ beta

= ( 9.50% - 4.20%) ÷ 1.05 = 5.048%

So, now Required rate of return for new portfolio = Risk free rate + Beta of new portfolio × Market premium risk

Where, Beta of new portfolio = (10 ÷ 18.5) × 1.05 + (8.5 ÷ 18.5) × 0.65

= 0.5676 + 0.2986

= 0.8662

By putting the value, we get

Required rate of return = 4.20% + 0.8662 × 5.048%

= 8.57%

4 0

3 years ago

aagen Inc. is a merchandising company. Last month the company's cost of goods sold was $92,000. The company's beginning merchand

Paladinen [302]

Answer:

the company purchase is $94,000

Explanation:

The computation of the total amount of the company merchanise purchase for the month is shown below:

Cost of goods sold = Beginning merchandise inventory + Purchases − Ending merchandise inventory

$92,000 = $14,000 + Purchase - $16,000

So, the purchase is

= $92,000 + $16,000 - $14,000

= $94,000

Hence, the company purchase is $94,000

4 0

2 years ago

The SCOR model looks at a firmâ€™s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as

Tpy6a [65]

Answer:

Source processes

Explanation:

The SCOR model looks at a firm´s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as being structured around five core management processes including Source processes which are processes that procure goods and services to meet planned or actual demand.

Supply chain operations reference (SCOR): It is a strategic planning tool that helps in identifying, improving and communicating supply chain management decisions within the company. It is a continuous improvement process and establishing a benchmark for the industry. It also works to develop a business process for satisfying customer´s demand. SCOR is based on five management process:

Plan
Sources.
Make.
Deliver.
Return.

Source process: This process of supply chain management is defined as steps to procure goods and services to meet the requirement for infrastructural arrangements.

8 0

3 years ago

mcgraw hill A(n) ______ can help employees feel that they are doing something worthwhile and are part of something important and

svlad2 [7]

Answer:

A(n) aspirational vision can help employees feel that they are doing something worthwhile and are part of something important and meaningful

Explanation:

What is aspirational vision?

Vision Statement. An organization would like to achieve or accomplished in the mid-term or long term future. It is intended to serves as as clear guide for choosing current and future courses of action.

6 0

2 years ago

Valotic Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget

Tcecarenko [31]

Answer:

Total Over budget = $112370

Total Under Budget= $ 56062

Explanation:

Valotic Tech Inc.

Budget Performance Report—Director, Consumer Products Division

For the Month Ended January 31, 2016

Budget Actual (Over) Under Budget

Customer service salaries $546,840 $602,350 (55,510)

Insurance & property taxes 114,660 110,240 4420

Distribution salaries 872,340 861,200 11,140

Marketing salaries 1,028,370 1,085,230 (56,860)

Engineer salaries 836,850 820,008 16842

Warehouse wages 586,110 562,632 23478

Equipment depreciation 183,792 183,610 182

Total $4,168,962 $4,225,270 (56308)

Total Over budget = $112370

Total Under Budget= $ 56062

Over budget means that the amount is spent more than the amount budgeted.

The Customer service salaries and Marketing salaries are over budgeted and the the director is expected to request supplemental reports of these to analyze where the amount has been overspent.

4 0

3 years ago