Ask question

Ask question

All categories

3 years ago

12

Which statement best describes the term insurance?

2 answers:

olchik [2.2K]3 years ago

8 0

B) It is a protection that guarantees to pay you in the event of financial losses.

lions [1.4K]3 years ago

4 0

Which statement best describes the term insurance?

B) It is a protection that guarantees to pay you in the event of financial losses.

Insurance protects a person and their assets in the event they have suffered loss, damage, illness or death. A person or company pays another company or government agency an insurance fee and the fee then covers their insurance. In the event you need to file a claim, you would pay your deductible amount and then the insurance policy will come into play and cover the loss of assets.

You might be interested in

An adviser has custody of a client's securities or funds if the adviser A) accepts prepayment of advisory fees or has discretion

fenix001 [56]

Answer:

B. Has authority to withdraw funds from a client's account for the benefit of the adviser for the payment of the quarterly advisory fees.

Explanation:

5 0

4 years ago

Indigo Corporation had the following tax information.

Andrei [34K]

Answer:

Explanation:

Given that:

Indigo Corporation had the following tax information.

Year Taxable Income Tax Rate Taxes Paid

2015 $294,000 35% $102,900

2016 332,000 30% 99,600

2017 399,000 30% 119,700

In 2018, Indigo suffered a net operating loss of $487,000, which it elected to carry back. The 2018 enacted tax rate is 26%.

The objective is to prepare the Indigo's entry to record the effect of the loss carryback.

The Income Tax Refund Receivable = Taxable income(2018) × Tax rate(2018) + ( net operating loss - Taxable income(2018) ) × Tax rate(2018)

(332000 × 30%)+(476000-332000) × 30%

The Income Tax Refund Receivable = (332000 × 0.30)+(476000-332000) × 0.30

The Income Tax Refund Receivable = 99600 + 144000× 0.30

The Income Tax Refund Receivable = 99600 + 43200

The Income Tax Refund Receivable = 142800

Therefore, Indigo Corporation ENtry can be prepared as follows:

Account titles Debit Credit

Income Tax Refund Receivable 142800

Benefit Due to Loss Carryback 142800

To record the effect of the loss carryback

8 0

3 years ago

Judy has realized that she does not like working for others. She wants to open a business i n which she will have maximum contro

qwelly [4]

Answer:

<em>Sole proprietorship</em>

Explanation:

Judy has realized that she does not like working for others . She wants to open a business in which she will have maximum control and the least fro, government regulations . <u>Sole proprietorship</u> is best suited for Judy's needs.

<em>Sole proprietorship is the form of business in which a single person is responsible for all the decisions , that single person have full control over the business . </em>

Sole proprietorship is the form of business which is easy to form with no legal formalities. There is a secrecy in Sole proprietorship . In Sole proprietorship the interference of the government is minimum .Sole proprietorship facilitate quick decision making as he /she does not need to concern with others. In the sole proprietorship , the individual need not share his profit with other person . The overhead cost in Sole proprietorship is less.

In you need not to work under anyone, you just need to open it and run according to you , you have full control over it , as no one can say anything to you .

3 0

4 years ago

what would the length of time you have had a checking or savings account help determine your credit score?

GenaCL600 [577]

It shows a pattern of responsibility.

If you have only had accounts for 1 month, it doesn't really give a full picture of whether or not you always make your payments on time, etc. However if you have had accounts for 20 years, creditors have more history to look through to determine if you are responsible.

Keep in mind, checking and savings accounts are not the primary type of accounts that creditors want to look at because those only deal with spending money you already have. Lenders really want to know how you handle money that you <em>borrow</em>, such as school loans, credit cards, rent payments, and auto loans.

8 0

4 years ago

Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to

melamori03 [73]

Answer:

The correct answer is A

Explanation:

Central planning is the planning where the centralized, large and the powerful government evaluates or determines the goals, strategy and the resource distribution and the economy or the society development. It is opposite of the capitalism and the free market.

Under the central planning, the problem of coordination, is the incentive problem, within the communist central planning states the idea which the entrepreneurs, workers and the managers could not gain personally through responding the surpluses or shortages or through improved as well as new products.

Therefore, the quotation is identifies as the coordination problem.

6 0

4 years ago