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shtirl [24]
3 years ago
8

When somebody buys an insurance policy, that person is seeking to transfer risk away from herself and pass it on to the insuranc

e company?
Business
1 answer:
Sonja [21]3 years ago
3 0
Exactly, when someone buys an insurance policy that person is making sure that whatever happens to him/her, there is the policy to compensate for something that will be lost. He/she is transferring the risk away and pass it on to the insurance company for safekeeping. 
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Answer:

2018 loss for 1,500

2019 gain for 4,000

Explanation:

purchase at 715,000

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adjusting entry december 31th

loss on investment          1,500 debit

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january 3rd, 2019

cash                                717,500 debit

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to record gain on investment

6 0
3 years ago
3 State three legal obligation of a buyer to a supplier ?​
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Answer:

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8 0
3 years ago
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nikitadnepr [17]

Answer:

deposits

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4 0
3 years ago
Why is it important for insurance companies to have a large pool of people paying premiums?
Sloan [31]

Answer:

The premium payments of all the insured clients will cover the costs for the emergencies of the few who need it. The more people that pay premiums, the less likely each insured client will experience an emergency.

7 0
2 years ago
Art invested $100 two years ago at 8 percent interest. The first year, he earned $8 interest on his $100 investment. He reinvest
nikitadnepr [17]

Answer:

Option 4- Interest on Interest

Explanation:

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4 0
3 years ago
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