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Mrrafil [7]
4 years ago
12

What is the relationship between insurance and successful financial management? Why is insurance important?

Business
2 answers:
Mila [183]4 years ago
4 0
Insurance is important because you are insuring items or things that mean something to you, or to protect others,insurance can help in case any accidents happen and you <span>couldn’t get that item back.</span>
harkovskaia [24]4 years ago
3 0

Successful financial management is the proper use of your money to maximize your income, whether in the financial market or a productive investment such as a trade or factory. Efficient financial management also consists of emergency planning and protection against unexpected situations that could put your assets at risk. Like for example a fire. It is in this sense that insurance is important. Insurance is a contract you make with an insurer to protect your assets if that event occur. For example, if you take out fire insurance, if a fire occurs in your home or business, the insurer will reward what you have lost financially, according to the terms of the contract.

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What are the costs of “freebie” items?
Oliga [24]

Answer:

The costs of a “freebie” item includes resources to make, a person's labor, and the cost to the store to offer it to us as free.

Explanation:

3 0
4 years ago
A stock had returns of 12 percent, 16 percent, 10 percent, 19 percent, 15 percent, and -6 percent over the last six years. What
OleMash [197]

Answer:

10.68%

Explanation:

Data provided in the question:

Returns on stock : 12%, 16%, 10%, 19%, 15%, -6%

Now,

Geometric average return on the stock is calculated as:

Geometric average return = ({(1 + r_1)\times(1 + r_2).......\times(1 + r_n)})^\frac{1}{n}- 1

Thus,

For the given returns on stock

Geometric average return

=[ (1 + 0.12)\times(1 + 0.16)\times(1 + 0.10)\times(1 + 0.19)\times(1 + 0.15)\times(1 + (- 0.06)) ]^{\frac{1}{6}}-1

= [ 1.12\times1.16\times1.10\times1.19\times1.15\times0.94 ]^{\frac{1}{6}}-1

=  [1.8384056768]^{\frac{1}{6}}-1

= 1.1068 - 1

= 0.1068

or

= 0.1068 × 100%

= 10.68%

6 0
3 years ago
Jewell-rung was a canadian corporation that imported and sold men's clothing wholesale. haddad was a new york corporation that m
Oxana [17]
<span>Lost profits are consequential damages. Haddad is right that a buyer may not recover consequential damages that it could have prevented by cover. But Jewell-Rung offered legitimate reasons for not covering: the only Lakeland garments now available to it were those made by Olympic. Olympic would not sell a competitor the garments at reasonable prices. Further, Jewell-Rung could not rely on the quality of the garments manufactured by a different company. Jewell-Rung's failure to cover was reasonable and the company was entitled to prove its lost profits. Jewell-Rung Agency, Inc. v. Haddad Organization, Ltd</span>
6 0
3 years ago
The definition of inventory includes which of the following items? (Select all that apply.) a) items used currently in the produ
Yanka [14]

Answer:

Items a) and b)

a) items used currently in the production of goods to be sold items

b) held for resale items currently in production for future

Explanation:

Inventory consists of current assets to be used in production of final goods or are the ones which are final goods and held for sale.

In the given case also, statement a includes raw materials, which are used to make the final good to be sold, which is a part of inventory.

Further, statement b includes work in production or final goods which are currently in production but would be resold.

The items which are kept for their use as like machinery or furniture or which shall be disposed are not inventory but are in fixed assets category.

3 0
3 years ago
Zoe would like to be able to save for night courses at the local college. Which of these would be a good way for Zoe to make mor
Amanda [17]

Answer:

Spend 10% on clothing and 10% on entertainment.

Explanation:

There are some expenses that you can lower that will not radically affect your lifestyle while other expenses should be more important.

For example, you shouldn't try to save money by eating less or going to live in an ugly place where you pay a very small rent.

If you want to save money, then you should cut some costs from non essential expenses like entertainment and new clothes.

3 0
3 years ago
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