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sdas [7]
4 years ago
8

Characteristics of insurance that distinguish insurance contracts from other general contract

Business
1 answer:
Mars2501 [29]4 years ago
8 0

Answer:

When attempting to get a better understanding of insurance, there are four unique characteristics that need to be done and they are conditional, unilateral, adhesion, and aleatory.

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Determine the insurance rate amount per thousand
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Million dollar question. does money equal happiness? Explain with a paragraph
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It depends on the person I would definitely be happy but that’s just me
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3 years ago
On March 12, Klein Company, Inc. sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. Th
Bess [88]

Answer:

a) Sales returns and allowances $600

Accounts receivable $600

b) Merchandise inventory $350

Cost of goods sold $350

Explanation:

The Journal entry and their narrations are shown below:-

a. Sales Returns and Allowances Dr, $600

             To Accounts Receivable               $600

(Being sales return is recorded)

b. Merchandise Inventory Dr,                 $350

             To Cost of Goods Sold                   $350

(Being merchandise inventory is recorded)

3 0
3 years ago
"Dubas Co. is a U.S.-based MNC that has a subsidiary in Germany and another subsidiary in Austria. Both subsidiaries frequently
OverLord2011 [107]

Answer:

$525,000

Explanation:

The computation of the net inflow or outflow is shown below:

= Total outflow - total inflow

where,

Total outflow = ∈2,000,000 × $1.05 = $2,100,000

Total inflow =  ∈1,500,000 × $1.05 = $1,575,000

Now put these values to the above formula  

So, the value would equal to

= $2,100,000 - $1,575,000

= $525,000

This amount shows a net outflow as total outflow is greater than the total inflow.

3 0
4 years ago
Why should managers invest any excess cash
lisov135 [29]

Answer:

Usually, this would apply to a family business.

Explanation:

to Invest excess cash for a family owned business is a wiser choice because that "cash" according 2 the USA, would be classified as income, which makes u pay more in taxes. If u invest, the taxes are lower 4 business owners.

3 0
3 years ago
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