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vodka [1.7K]
3 years ago
15

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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A customer purchases $340 worth of merchandise from The GAP using a gift card. What is the journal entry The Gap records?
OLga [1]

Answer:

Option (d) is correct.

Explanation:

Given that,

Customer purchases $340 worth of merchandise from The GAP using a gift card.

A gift card is having an amount of money that is used by the gift card holder for the purpose of purchasing goods. So, in the books of GAP, the value of gift card is debited as an unearned revenue and the sales revenue is credited.

The journal is as follows:

Unearned revenue A/c Dr. $340

         To sales revenue A/c         $340

(To record the merchandise sold for a gift card)

6 0
3 years ago
At Aalten Technologies, bottlenecks in the assembly line occur according to a Poisson process with an average of 0.50 bottleneck
RideAnS [48]

Answer:

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

Explanation:

Given:

Average bottleneck 1 hour = 0.5

Find:

Probability (at least one bottle neck occurs during 8 hours of operation)

Computation:

Expected events in 8 hour = 8(0.5)

Expected events in 8 hour = 4    

Probability (at least one bottle neck occurs during 8 hours of operation) = p(X≥1)

Probability (at least one bottle neck occurs during 8 hours of operation) = 1-p(X=0)

Probability (at least one bottle neck occurs during 8 hours of operation) =1-exp(-4)[4⁰]/0!

Probability (at least one bottle neck occurs during 8 hours of operation) =1-0.0183

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

5 0
3 years ago
Explain how public disclosure is used as a tool to prevent market failures.
deff fn [24]

Answer:

The correct answer is Provide info that people want.

Explanation:

Externalities are caused when the production or consumption of a good or service has a cascading effect that is not purely reflected in its price and therefore there is no appropriate compensation to be paid for it. If the price does not include the true costs of the good or service there will be a market failure. Importantly, externalities can be positive or negative. To prevent refusals, governments must add certain taxes to assets to cover their social cost.

4 0
3 years ago
LEED-certified buildings could be described by all of the following, except ________.energy efficientlimit pollution and recycle
Zinaida [17]

Answer:

The answer is: construction costs much less than for conventional buildings

Explanation:

Leadership in Energy and Environmental Design (LEED), is an international certification program that focuses on new "green" commercial buildings projects and is based upon a points system. It rates buildings on energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, etc.

So the more points you earn, the greener your buildings is.

5 0
3 years ago
Compared to money market accounts, CDs are _____ liquid and have _____ interest rates? A. less; higher B. more; higher C. less;
Fudgin [204]

Answer: A. less; higher

Compared to money market accounts, CDs are less liquid and have higher interest rates.

Explanation:

Certificates of deposit (CDs) refer to a saving certificate issued by a federally chartered bank which has a fixed interest rate and fixed date of withdrawal (the maturity date). There exists restriction in accessing the funds until the maturity date of the investment. The maturity rates vary from 30 days to six months or more and the amount of the face value also vary greatly. Certificates of deposit (CDs) are less liquid and have higher interest rates. Interest rates are  the amount charged by a lender to a borrower for using his or her assets.

7 0
3 years ago
Read 2 more answers
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