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2 years ago

What happens to the total amount of premium paid for an insurance policy when the payment frequency increases?

Business

1 answer:

Whitepunk [10]2 years ago

5 0

Answer:

C. Increases

Explanation:

When payment frequency increases, it results to lesser amount per payment which will lead to a higher total amount of premium paid. consider this general rule of thumb; the greater the number of payments, the higher the actual premium paid over the course of the year.

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The function of interest is to make lending money worthwhile and profitable for the __________.

Ymorist [56]

<span>The function of interest is to make lending money worthwhile and profitable for the lender. The government is monitoring the lender and they are not allowed to give a very high interest rate. Credits and loans are not socially acceptable in the society since this only profitable to the lender.</span>

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2 years ago

Read 2 more answers

Which of the following would an economist classify as capital? Group of answer choices lawyer's computer. $50 bill. 100 shares o

snow_tiger [21]

Answer:

lawyer's computer.

Explanation:

For the economist a stock is capital that can earn income or good that person holds and can sold for a particular price.

In this case the lawyer's computer is a good that the lawyer owns and can be exchanged for money. Also the lawyer can use the computer to help treat court cases thereby earning income.

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2 years ago

On January 2, 2019, Twilight Hospital purchased a $96,400 special radiology scanner from Crane Inc. The scanner had a useful lif

Aneli [31]

The preparation of the incremental analysis of Twilight hospital is presented below:

<u>Particulars Retain scanner Replace scanner Net income </u>

Annual

operating cost $318,000 $243,000 $75,000

($106,000 × 3) ($25,000 × 3)

New

scanner cost $110,000 -$110,000

Old scanner salvage -$45,500 $45,500

Total $318,000 $307,500 $10,500

In this way, the incremental analysis should be prepared.

Learn more about the salvage value here: brainly.com/question/15711481

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2 years ago

On January 1, 2021, Splash City issues $460,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and

Effectus [21]

Answer:

The journal entry is shown below:

Explanation:

Journal Entry.

Jan.1 Cash A/c Dr $460,000

To Bonds payable A/c $460,000

(Bond issue is being recorded)

Jun.30 Interest Expense A/c Dr $18,400

To Cash A/c $18,400 ($460,000×4% = $18,400)

(Interest is being recorded)

Dec.31 Interest Expense A/c Dr $18,400

To Cash A/c $18,400 ($460,000×4% = $18,400)

(Interest is being recorded)

3 0

3 years ago

Following are the average accounts receivable and net sales reported recently by two large bever age companies (dollar amounts a

Vlada [557]

Answer:

A) Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

The following table shows the accounts receivable turnover ratio of MCB and ABI:

Particulars MCB ABI

Net sales $8320 $17400

Average Accounts Receivable $720 $900

Accounts Receivable Turnover rate 11.5 19.3

Day's sale outstanding = Accounts receivable / Total credit sales × 365

The following table shows the days sale outstanding of MCB and ABI:

Particulars MCB ABI

Net sales $8,320 $17,400

Average Accounts Receivable $720 $900

Day's sale outstanding 31.58 18.88

Explanation:

3 0

3 years ago