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3 years ago

Which of the following does not constitute an insurable interest?

Business

2 answers:

bekas [8.4K]3 years ago

7 0

Answer:

B) you make an offer to buy your neighbor's house.

Explanation:

An insurable interest is something (a material or immaterial object) that an individual believes he should obtain insurance to protect himself from unforeseen events such as economic losses, death, etc.

For example, you can obtain insurance for your house or your car (material objects), a bank can obtain insurance for your mortgage (immaterial object), etc.

When you make an offer to buy something, there is nothing (no object) you can insure since you don't own anything yet.

Murrr4er [49]3 years ago

6 0

Answer:you make an offer to buy your neighbor's house.

Explanation:

As seen from the aforementioned alternatives which all have insurable interest.Thus they are expantiated;

1)Firstly,a savings and loan company holding a mortgage on your home has an insurable interest on interest of the property on insurance premium.

2)Secondly,your lease makes you liable for fire damage to your rented premises makes for an insurable interest which is in form of mortagee/morgator contract,even if it isn't your property,it makes you liable for an insurable interest.

3)Thirdly,you have custody of a valuable painting when the owner is away also makes you eligible for an insurable interest.Though here as carrier,it still gives the right to an insurable interest courtesy of the fact that it is in your custody.

Finally,you make an offer to buy your neighbor's house doesn't make you eligible for an insurable interest because it's just a matter of a vocal agreement,thus no transaction has been carried out and therefore,no property transferred to your custody either way.

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A stock has an expected return of 13.5 percent, its beta is 1.40, and the expected return on the market is 11.5 percent. What mu

uranmaximum [27]

Answer:

The risk free rate is 6.50%

Explanation:

The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.

The equation is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rM is the return on market

As we know the figures for r, Beta and rM, we will input these figures in the equation to calculate risk free rate.

Let risk free rate be x.

0.135 = x + 1.4 * (0.115 - x)

0.135 = x + 0.161 - 1.4x

0.135 - 0.161 = x - 1.4x

-0.026 = -0.4x

-0.026 / -0.4 = x

x = 0.065 or 6.50%

r = 0.1475 or 14.75%

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2 years ago

How does a history of colonization in sub-saharan africa influence sustainable economic development in the region today?.

nlexa [21]

Answer:

Economies based on the exploration of raw materials were established in Sub-Saharan Africa.

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2 years ago

1. Standard Oil of Connecticut, Inc., sells home heating, cooling and security systems. Standard schedules installation and serv

Yuki888 [10]

Answer:

The installers and experts are self employed because;

Standard Oil of Connecticut, Inc has no influence over the work other than finishing the venture by a specific time and the installers and experts can pick the days wherein they need to work.
The installers and specialists are occupied with various business as the business is into deals and The installers and experts are into administration.
The work isn't done heavily influenced by business. Professionals and installers are not managed by Standard Oil of Connecticut, Inc and they don't assess their work.
The devices are not given by the business and the installers and experts utilize their own gear and instruments.
The installers and experts are utilized for a specific time-span till the fulfillment of the undertaking and are not utilized for long.
The strategy for installment is through a set rate for every venture and not by time-frame.
The installers and professionals are authorized and affirmed by the state and are having particular abilities which are not increased through the business.

Every one of these conditions fulfill the necessities of self employed entity as indicated by measures utilized by the courts and doesn't fulfill the standards of representative.

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3 years ago

Choose the answer for the three drop-down menus in the picture

Natali5045456 [20]

Answer:

1. conservatively

2. elevator pitch

3. Smile

Explanation:

You want to dress formally at an interview not casual. An elevator pitch is where you briefly try to sell yourself, in this case you would want to sell yourself to the employer to showcase your qualifications so they hire you. Joking may not be appropriate at an interview but smiling makes you come off as nice.

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2 years ago

Read 2 more answers

Crane incurs a weekly payroll of $251000 that includes federal taxes withheld of $38200, FICA taxes withheld of $23970, and 401(

Salsk061 [2.6K]

Answer:

First let us define the nature of each of the following as per Balance sheet of a company:

Payroll payable- Liability

FICA taxes withheld- Liability

Federal taxes- Liability

410(k)- Liability

Explanation:

Effect of Transaction on assets and liabilities:

Payroll expense Debit will have no impact

Payroll payable, Federal taxes, FICA and 401(k) will increase the current liability.
And when they are subsequently paid, cash will be credited hence decreasing the current assets and all these current liabilities shall be debited, hence decreasing the current liability portion.

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3 years ago