All categories

3 years ago

Define three different types insurance and why someone might purchase each type of insurance.

1 answer:

n200080 [17]3 years ago

7 0

Auto insurance: because if you crash your car it could be really expensive to pay for it yourself so thats why thats important.
Life insurance: Is if you die and the family you leave behind is dependent on your pay check. So they help keep your pay check coming in for your family.
Health Insurance: If you so suddenly need a surgery this insurance will help you pay for it instead of you taking out all of your money in order to help with your emergency.

You might be interested in

A company with 82,146 authorized shares of $5 par common stock issued 31,717 shares at $14 per share. Subsequently, the company

Kazeer [188]

Answer:

$16,492.84

Explanation:

Calculation to determine the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend

Amount transferred to Paid-in capital accounts=(Common stock*Stock dividend declared percentage)*Market price

Let plug in the formula

Amount transferred to Paid-in capital accounts=(31,717 shares*2%)*$26 per share

Amount transferred to Paid-in capital accounts=634.34*$26 per share

Amount transferred to Paid-in capital accounts=$16,492.84

Therefore the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend is $16,492.84

7 0

3 years ago

During the first quarter, Sheffield Company incurs the following direct labor costs: January $53,700, February $46,100, and Marc

DIA [1.3K]

Answer:

Explanation:

The journal entries are shown below:

For January month

Work in Progress Inventory A/c Dr $37,590

To Manufacturing Overhead $37,590

(Being assigned overhead recorded)

For February month

Work in Progress Inventory A/c Dr $32,270

To Manufacturing Overhead $32,270

(Being assigned overhead recorded)

For March month

Work in Progress Inventory A/c Dr $50,470

To Manufacturing Overhead $50,470

(Being assigned overhead recorded)

The computation of the assigned overhead is shown below:

= Overhead × predetermined rate

This formula should be used for all three months

4 0

4 years ago

At the green restaurants corporation, an employee survey reports efforts to increase worker satisfaction by redesigning jobs led

ra1l [238]

Based on the scenario, the most likely impact on these trends on the profits of Green Restaurants is that there will be a lower cost present by which this will likely lead their restaurant to gain and increase their profits, having a higher profits.

7 0

3 years ago

Which of the following will always be a relevant cost? Select one: a. Sunk cost b. Fixed cost c. Variable cost d. Opportunity co

Vsevolod [243]

Answer: Fixed Cost

Explanation: Fixed cost will always be a relevant cost because a business must incur fixed cost during the course of the business.

Fixed cost are cost that are not depended on sales or activity level of the organisation and they are incurred in as much as the business is operational.

Examples of fixed costs are:

Utilities, salaries, rent, depreciation etc.

Fixed costs has a high influence on the profit/ loss of any organisation.

3 0

3 years ago

Research suggests that, on average, acquisitions increased the market value of target firms by about ________ percent and ______

denpristay [2]

Answer:

B. 25; left the market value of the bidding firms unchanged.

Explanation:

Research suggests that, on average, acquisitions increased the market value of target firms by 25% and left the market value of the bidding firms unchanged.

This simply means, a target firm's market value increases by 25 percent as soon as a bidding firm shows interest in acquiring or buying it while the bidding firm' market value remains the same.

8 0

3 years ago