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
Komok [63]
2 years ago
8

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
What two words are often associated with centrally planned economies?
yan [13]

Answer:

two words are socialism and communism

3 0
3 years ago
Read 2 more answers
Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to deter
skelet666 [1.2K]

Answer:

  • Project completion time: 21 weeks
  • Critical Path: B - E - G
  • ES, EF, LS, LF are shown below

Explanation:

The earliest start is the latest of the earliest finish times of the predecessors. The earliest finish is the sum of earliest start and duration.

The latest finish is the earliest of the latest start times of the successors. The latest start is the difference of latest finish and duration.

The slack is the difference between earliest start (or finish) and latest start (or finish).

Project duration is the earliest start of the "Project Done" task. For purposes of computing slack, this (project duration) is taken to be the latest finish of the immediate predecessors.

The critical path is the sequence of tasks with 0 slack.

8 0
2 years ago
Which of the following is true
inn [45]
 i think the aswer is (A) <span>Checks are the most widely accepted form of payment.</span> 
4 0
3 years ago
Molly sells bracelets to Jean's Place, a boutique store. Molly is scheduled to deliver 100 bracelets on July 1. On June 15, Jean
BabaBlast [244]

Answer: False

Explanation:

The contract is such that Molly agreed to bring bracelets if Jean would pay for said bracelets.

The terms of the contract therefore are that Jean would pay and Molly would deliver. Jean then calls Molly and says that they will be unable to pay which means that they are not going to be able to hold up their responsibilities in the contract.

Molly has the right to then cancel the contract because the other party will not be able to perform their obligations and face no repercussion for it.

6 0
3 years ago
On January 1, 2018, Ogleby Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for O
Olin [163]

Answer:

With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225. The right answer is c

Explanation:

According to the given data we have the following:

PV of lease=$750,578

Annual payment=$180,000

Rate of interesr=10%

The interest expense would be calculated as follows:

Interest expense = ( PV of lease - Annual payment ) * Rate of interest

Interest expense = ( $750,578 - $180,000 ) * 10%

Interest expense = $57,058

Therefore, With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225.

4 0
3 years ago
Other questions:
  • An individual has a disability income policy with a Change of Occupation clause when he changes to a new more hazardous job. He
    8·1 answer
  • The statement of owner’s equity contains the
    11·2 answers
  • Which is true? Group of answer choices Typically, only highly skilled statisticians perform trend and root cause analysis. Ultim
    7·1 answer
  • On June 1 st a hotelâ s balance sheet shows assets of $6,400,000 and ownersâ equity of $2,000,000 what is the amount of the hote
    7·1 answer
  • What category of the Thomas-Kilmann Conflict Mode Instrument involves giving in to the customer at the expense of the organizati
    5·1 answer
  • Batteries, Offshore Wind Lead Clean Energy Cost Cuts As Renewables by Mike Scott Batteries, Offshore Wind Lead Clean Energy Cost
    11·1 answer
  • In regression​ analysis, the coefficient of​ determination:
    15·1 answer
  • According to Adam Smith, a country has an absolute advantage in the production of a product when it _____.
    5·1 answer
  • Projects that provide the _____ are assigned the highest priority when setting priorities for systems requests. a. greatest bene
    8·1 answer
  • katie earns $2,000 per period. she contributes 6% per pay period to a 401(k) plan, $30 per pay period to a charitable contributi
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!