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3 years ago

Insurance can help you:

Business

2 answers:

Lana71 [14]3 years ago

6 0

Answer: B. financially protect against unexpected accidents

Explanation:

Insurance is known to be an agreement between an insurance company and an individual or person known as the insured. In this form of agreement, the insured pay a certain amount of money to the insurance company and the insurance company in turn cover up the expenses or cost of the insured. Furthermore, the insurance company provides the insured with financial coverage against risk in case of unforeseen occurrences such as financial loss, death, accidents or illness. Thus, the amount of money which the insured paid is known as insurance premium.

Ede4ka [16]3 years ago

3 0

The answer is B. Financially protect against unexpected accidents

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In an economy without international trade, investment must equal ______ saving.

maks197457 [2]

Investment must equal national saving

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3 years ago

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which region gained the most from the exchanges of ideas and technologies facilitated by the mongol empire?

faust18 [17]

Answer:

$Europe$

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If we want to use a measure of inflation that foreshadows price changes before they affect prices at the retail level, we would

Elza [17]

Answer: Producer price index

Explanation:

The producer price index is used to know the average differences in prices that are received by local producers for their output.

To calculate the producer price index, the current prices gotten by the sellers of a good or service is divided by the prices of the good or service using a base year and multiplying the result by 100. The producer price index is also a measure of inflation in an economy.

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4 years ago

At the beginning of the year, a company predicts total overhead costs of $690,900. The company applies overhead using machine ho

nignag [31]

Answer:

$9,400

Explanation:

We know,

predetermined overhead rate for machine hour = $\frac{total overhead cost}{total machine hour}$

Given,

Total overhead cost = $690,900

Total machine hours = 1,470

Putting the values into the formula, we can get

predetermined overhead rate for machine hour = $\frac{690,900}{1,470}$

predetermined overhead rate for machine hour = $470

When we use a separate job, the overhead cost will be = predetermined overhead rate × total hours used by the job.

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3 years ago

A candle manufacturer produces 4,000 units when the market price is $11 per unit and produces 6,000 units when the market price

mario62 [17]

Answer:

The option (b) 2.4 is correct.

Explanation:

We can find price elasticity of demand by using the formula shown in the attachment attached with.

Since we know the quantities of product associated with the market price of the product, by putting values in the equation we have:

Price elasticity of Demand =

= [(6000 - 4000) / (6000 + 4000)/2] / [(13 - 11) / (13+11)/2]

Price elasticity of Demand = 2.4

So this is how we can find the price elasticity of supply which says that the producers will respond to prices drop by producing lower quantity of product.

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3 years ago