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docker41 [41]
4 years ago
13

Understand payments involved with insurance.

Business
1 answer:
const2013 [10]4 years ago
8 0

Payments involved with insurance is a payment to the policy

Explanation:

Insurance policies work like loans in a sense only different in a way that they anticipate that not all that want to claim the insurance will ever need to cover their full costs according to it.

Insurance companies extract a monthly or an yearly payment from a person and in return bids to cover their medical or other expenses whenever it is required during an year to year basis with certain restrictions and terms and conditions in place.

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Which of the following bonds are issued by the U.S. government? corporate bondsjunk bondssavings bondsmunicipal bonds
hoa [83]
I believe that the bonds issued by the U.S government are the saving bonds. Corporate bonds are bonds issued by corporations in order to raise money for business expansion. Junk bonds are types of bonds that are lower rated however, they are potentially higher-paying. Municipal bonds are bonds issued by a state or local government for the purpose of financing social amenities and infrastructure such as improvements of highways, state buildings, libraries, parks and schools.
8 0
4 years ago
Which is the preferred method of payment for making a hotel room reservation?
Contact [7]
Credit cards are the preferred hotel room reservation.
6 0
4 years ago
Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in
Nady [450]

Answer:

Amount                                              Debit($)                            Credit($)

Assets

Cash                                                   37,641

Office Supplies                                   890

Prepaid Insurance                             4,600

Office Equipment                              12,900

Liabilities

Accounts Payable                                                                        12,900

Equity

Y. Min, Capital                                                                               18,000

Y. Min, Withdrawals                           3,329

Revenue

Engineering Fees Earned                                                             36,000

Expenses

Rent Expense                                     <u>7,540</u>

Total                                                   66,900                                66,900

Explanation:

Trial Balance sheet includes all the accounts available in ledger.

Assets, Liabilities, Equity Revenue and expenses are added, however they are not given in our case

Amount                                              Debit($)                            Credit($)

Assets

Cash                                                   37,641

Office Supplies                                   890

Prepaid Insurance                             4,600

Office Equipment                              12,900

Liabilities

Accounts Payable                                                                        12,900

Equity

Y. Min, Capital                                                                               18,000

Y. Min, Withdrawals                           3,329

Revenue

Engineering Fees Earned                                                             36,000

Expenses

Rent Expense                                     <u>7,540</u>

Total                                                   66,900                                66,900

4 0
3 years ago
A farmer shows up at a tractor dealership with $150,000 to buy a tractor priced at $148,875. The excess after buying the tractor
aniked [119]

The amount that the farmer paid for the tractor, which is the net price after discounts, is $126,543.75.

<h3>What is the net price?</h3>

The net price is the difference between the sticker price and the discount of 15% received off the sticker price.

<h3>Data and Calculations:</h3>

Sticker price of tractor = $148,875

Discount reduction 15%

Amount paid = $126,543.75 ($148,875 x 1 - 0/15)

Thus, the farmer paid $126,543.75 for the tractor at the dealership.

Learn more about net price at brainly.com/question/17003148

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6 0
2 years ago
Joe came into a sizeable inheritance about 5 years ago. His investment advisor representative recommended putting the majority i
nlexa [21]

Answer:

C) "Variable annuities include investments in various products, normally mutual funds, so the value of the variable annuity will fluctuate with increases or decreases in the values of the products held within the variable annuity."

Explanation:

Joe's investment adviser should have discussed what type of investment he was recommending and why he was recommending them. If Joe wants to know more about his investments, his IAR has a fiduciary obligation to explain how a variable annuity works.

Variable annuities are a type of investment vehicle, which allows tax deferral on investment growth. Variable annuities are called variable because the investor decides which investment he will take and the value of the investments vary in time.

Usually variable annuities include different mutual funds, and if the price of the shares of the mutual funds vary, so will the value of the annuity.

6 0
3 years ago
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