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3 years ago

An insurance company is

Business

1 answer:

SVEN [57.7K]3 years ago

5 0

Answer:

a financial intermediary b/c they take premiums and use them to purchase financial securities

Explanation:

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments. The company calculates the risk of occurrence then determines the cost to replace (pay for) the loss to determine the premium amount.

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For a restaurant, the logical activity base for wages expense would be a. number of customers. b. number of employees. c. number

vovikov84 [41]

Answer: The answer is B, the logical activity base for salary expenses is Number of employees.

Explanation:

For a restaurant, the logical activity base for salary expenses is the number of employees because the more employees you have, the more salary expenses the company will have.

6 0

3 years ago

How Taxation and Legislation impact positively and negatively on a company.

Leto [7]

Taxation decreases the income earned by a firm by 28% it means this affects the business negatively and when taxation is paid it positively improve the economic growth

5 0

3 years ago

I like work at a besiness

Evgen [1.6K]

Answer:

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Explanation: Up at answer

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3 years ago

In its most recent financial statements, Del-Castillo Inc. reported $30 million of net income and $970 million of retained earni

Andrew [12]

Answer:

the firm pay 39 millions dividends to his shareholders during the year.

Explanation:

The retained earnings identity is as follow:

beginning RE + net income - dividends = ending RE

we plug our values into the formula:

970 + 30 - dividends = 961

we clear dividends:

970 + 30 - 961 = dividends

And solve:

dividends = 39

<u>Notes:</u>

For every account, we always have this similar identity:

a beginning balance

a type of transaction that increase their balance

another kind of transaction which decreased

and a final balance which is the net of the previous.

beginning + increase - decrease = ending

Always try to identify how each transaction impact the account and from there, setup the equation.

8 0

3 years ago

You just received an offer in the mail to transfer your $5,000 balance from your current credit card, which charges an annual ra

NARA [144]

Answer:

number of payment is 3.05 payment

so correct option is b 3.05 payments

Explanation:

balance = $5000

annual rate r1 = 18.7 % = $\frac{0.187}{12}$ = 0.01558

credit card charging r2 = 5.9% = $\frac{0.059}{12}$ = 0.004917

payments P = $250 month

to find out

How many fewer payments will you have to make to pay off this debt if you transfer the balance to the new card

solution

we first find time t both rate by total balance formula that is

balance = $P * \frac{1-(1+r)^{-t}}{r}$ ...........................1

here P is payment and t is time and r is rate

put here all value and find t for r1

balance = $P * \frac{1-(1+r)^{-t}}{r}$

5000 = $250 * \frac{1-(1+0.01558)^{-t}}{0.01558}$

take log both side

log 0.6884 = log 1 - log $(1+0.01558)^{t}$

t = 24.1519 .................2

and now put here all value and find t for r2

balance = $P * \frac{1-(1+r)^{-t}}{r}$

5000 = $250 * \frac{1-(1+0.00492)^{-t}}{0.00492}$

take log both side

log 0.9016 = log 1 - log $(1+0.00492)^{t}$

t = 21.1055 .....................3

so by equation 2 and 3

so no of payment will be 24.1519 - 21.1055

so number of payment is 3.05 payment

so correct option is b 3.05 payments

7 0

3 years ago