The reason for risk pooling which is beneficial for the insurance industry is best described as it brings together many individuals' premiums so that there is money to cover a selected few losses.
Option B is the correct answer.
<h3>Who is a policyholder?</h3>
The policyholder is an individual who takes an insurance policy from an insurance company. He pays insurance premiums against their respective policies.
The insurance contract is an agreement between the individuals and insurance company to indemnify them at the happening of the specified event and individuals also agreed to pay the insurance premiums on time. The risk pooling allows the insurance company to get insured many people against a small amount of money called an insurance premium.
Therefore, risk pooling is valuable for the insurance company in respect of the insurance policies.
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Answer:
Every day we perform series of activities in which few are very important while other may not be. But to perform every activity, we need to design the things systematically. We prioritize our activities as per their importance and then we take the action to make it fruitful. As per their value and importance we may develop following types of plan in our daily life;
Strategic or operational plan: Strategic or Operational Plan means an arsenal plan which tells how we can achieve the ultimate goal of our given task by creating clear and defined steps. As an operational plan, if we have an important task in our hand then we have to create step by step action which is oriented towards achievement of overall objective. Eg: If Periodical exams are due for...
Answer:
The supply for the currency will be bigger while the demand for the currency will be lower causing the currency value to depreciate.
Explanation:
As current foreign investors move fund out of country X, they will have to exchange their invested fund denominated in country X's currency to another currency which will result in higher supply of Country X's currency in the market.
Fewer foreign investors also means the demand for exchanging foreign's fund for Country X's currency to further expand investment or to start a brand-new investment will be lower because these investor will keep its fund denominating in the currency of their investment destination.
The affects on both supply and demand of country X's currency will cause further depreciation of the currency.
Answer:
Cash 11,750 debit
Common Stock 11,750 credit
Supplies 341 debit
Cash 341 credit
Equipment 6,489 debit
Accounts Payable 6,489 credit
Cash 1,387 debit
Fees Earned 1,387 credit
Accounts Payable 6,498 debit
Cash 6,498 credit
Cash 2,491 debit
Fees Earned 2,491 credit
rent expense 525 debit
Cash 525 credit
Cash 1,046 debit
Accounts Receivables 1,046 credit
Dividends 1,000 debit
Cash 1,000 credit
Cash T-accounts
<u>Debit Credit </u>
11750
341
1387
6498
2491
525
1046
1000
<u> 16674 8364 </u>
Bal 8310
Explanation:
To record journal entries we should always make sure debit colum equals credit column.
Also, each account can only be used one time per entry and with one value.
The T-account represent all the movement of an account.
We list each debit and credit made to that account in the course of the accounting cycle.
Then we calcualte the difference and determinated the balance.
