1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SSSSS [86.1K]
2 years ago
6

Insurance can help you:

Business
2 answers:
Lana71 [14]2 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]2 years ago
3 0
The answer is B. Financially protect against unexpected accidents
You might be interested in
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserv
dlinn [17]

Answer:

Change in Excess Reserves $1,350,000

Change in Required Reserves $450,000

Explanation:

Preparation of the table to show the effect of a new deposit on excess and required reserves

Based on the information given since the REQUIRED RESERVE RATIO is 25%, which means that First Main Street Bank will hold 25% of its initial deposit leading to INCREASE in the REQUIRED RESERVE by the amount of $450,000 (25%*$1,800,000) while the remaining 75% (100%-25%) will be the EXCESS RESERVES of the amount of $1,350,000 (75%*$1,800,000).

Hence:

Amount Deposited: $1,800,000

Change in Excess Reserves=$1,350,000

Change in Required Reserves= $450,000

Therefore the effect of a new deposit on excess and required reserves will be:

Change in Excess Reserves $1,350,000

Change in Required Reserves $450,000

4 0
3 years ago
Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound opti
scoray [572]

Answer:

The highest net loss of $1,562.50 (i.e. – $1,562.50)

Explanation:

This can be calculated using the following equation:

Highest net profit possible = British pounds put option price per unit × Units of the pound option

                                                = $0.05 x 31,250

Highest net profit possible = $1,562.50

However, based on the information provided in the question, the option will not be exercised and this will result into the highest net loss of $1,562.50 (i.e. – $1,562.50).

7 0
3 years ago
The existing balance in Allowance for Doubtful Accounts is considered in computing bad debts expense in the A. direct write-off
AlexFokin [52]

The correct answer is choice b - the percentage of receivables basis.

When an accountant is calculating the bad debts expense they will take into account the balance in the Allowance for Doubtful Account when they are calculating on the percentage of sales basis.

8 0
2 years ago
In order to implement contractionary policy, the government and central bank must _____ goverment spending _______ taxes, and __
Vedmedyk [2.9K]

Answer:

increase, decrease, decrease

Explanation:

3 0
3 years ago
Venezuela Co. is building a new hockey arena at a cost of $2,500,000. It received a downpayment of $500,000 from local businesse
FromTheMoon [43]

Answer:

cash                             2,011,446 debit

unamortized bond cost  50,000 debit

            bonds payable               2,000,000 credit

            premium on BP                     61,446 credit

--to record issuance--

# Beg. Carrying //cash   // expense //Amortization// End.Carrying Value

1 2,061,446  210,000   206144.57 3855.43  2,057,590

2 2,057,590  210,000  205759.02 -4240.98  2,053,349

3 2,053,349  210,000  205334.93 -4665.07  2,048,684

4 2,048,684  210,000  204868.42 -5131.58  2,043,553

5 2,043,553  210,000  204355.26 -5644.74  2,037,908

Bonds payable          1,000,000 debit

premium on BP              24,342 debit

issuance cost expense 25,000 debit

interest expense           51,217.1  debit

loss at redemption        41.959,9‬ debit

  cash                                                     1,117,500 credit                      

  unarmortized bond issuance cost       25,000 credit

Explanation:

First, we solve the value collected which is the present value of the coupon payment and maturity

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 210,000.000

time 10

rate 0.1

210000 \times \frac{1-(1+0.1)^{-10} }{0.1} = PV\\

PV $1,290,359.0922

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   2,000,000.00

time   10.00

rate  0.1

\frac{2000000}{(1 + 0.1)^{10} } = PV  

PV   771,086.58

PV c  $  1,290,359.0922

PV m  $     771,086.5789

Total  $  2,061,445.6711

Now, we solve for the premium

2,061,446 - 2,000,000 = 61,446 premium

the interst expense will be calcualte as carrying value times market rate

the cash will be the same for every period thus 210,000

Finally, the difference will be the amortizationon the premium

If redem on July 1st 2016 we need to record the interst:

2,048,684 x .05 = 102.434,2/2 = 51.217,1

cash interest: 1,000,000 x 10.5% / 2  = 52,500

<em>Total cash</em>

52,500 interest

<u>1,065,000 bonds </u>

 1,117,500

portion of unamortized cost 25,000

face value 1,000,000

portion of premium: 48,684/2 = 24.342‬

the loss f redemption will be the difference between the interest expense, amoritzation on premiun and write-off of the face value with the amount of cash outlay.

8 0
3 years ago
Other questions:
  • To a greater or lesser degree, many governments can be considered pragmatic nationalists when it comes to foreign direct investm
    6·1 answer
  • Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the b
    12·1 answer
  • Allen Lumber Company had earnings after taxes of $630,000 in the year 2009 with 370,000 shares outstanding on December 31, 2009.
    15·1 answer
  • The return on shareholders' equity for... Income statement: 2018 Sales $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,0
    6·1 answer
  • Leslie Halverson is considering investing in the stock market. She wants to be sure to be able to get her money back whenever sh
    9·1 answer
  • The accounts receivable turnover is computed as __________ divided by __________.sales; accounts receivablesales; average accoun
    14·1 answer
  • The following information is available pertaining to Bonita Division, that uses a plant-wide overhead rate based on machine hour
    12·1 answer
  • G At the end of a month, how is over or under applied overhead reported on the financial statements
    5·1 answer
  • A $72 NSF check was returned from Mr. Smith, a company client. On a bank reconciliation, this would be shows as a(n)
    6·1 answer
  • Most financial securities have some level of ________ risk. Multiple Choice unsystematic asset-specific diversifiable industry s
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!