Answer:
The driver will pay $10,000, because the insurance company can pay max $75,000 as regulated in term "insurance limit 100/250/75"
Explanation:
the insurance limit 100/250/75 coverage, which translates into $100,000 coverage per person for bodily injury, including death, that you cause to others; $250,000 in bodily injury per accident; and property damage up to $75,000.
4% was the actual rate of return of the separate account between the second and third month if the client's third check was also for $125. A client has a a variable annuity with an assumed interest of 4%.
Regardless of market conditions, an annuity is a financial product that is created and backed by an insurance company and offers guaranteed monthly income payments for the duration of the contract. An annuity can be tailored based on a number of factors, including as how long you anticipate living, the commencement date of your payments, and whether you wish to leave your income stream to a beneficiary after your passing.The fundamental purpose of annuities is to augment more conventional retirement income sources like Social Security and pensions. Tax-deferred growth is one of the common traits. Until you start taking withdrawals or getting recurring payments, you won't have to pay income taxes on the returns from your annuity investments.
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Answer: Accounting
Explanation:
Accounting is one of the business process that helps in interpreting and identifying the various types of financial data in an organization or corporation.
The main objective of the accounting is that it manage all the financial based performance in the company and also the cash flows system in the business.
According to the given question, the accounting is known as the functional area that summarized the data or information and also give advises to the manager on the various types of financial based matters in an organization.
Therefore, Accounting is the correct answer.
Answer:
A rights offering
Explanation:
Current shareholders can participate in a rights offering, by which they can purchase additional shares of the corporation. During a rights offering, current shareholders are given the first option to buy newly issued shares before those shares are offered to the general public.
