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Aleonysh [2.5K]
3 years ago
9

If you cause a car accident, which type of insurance will require you to pay the least out of pocket

Business
2 answers:
Verdich [7]3 years ago
5 0

If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan

<h3>Further explanation</h3>

Deductible is the amount you pay for covered health care services before your insurance plan starts to pay. For example the $2,000 deductible pay. In this case you pay the first $2,000 of covered services yourself. After you pay the deductible, you usually pay only a copayment for covered services. There are two kinds of deductible plan such as low deductible plan and high deductible plan.  Plan type affects your eligibility to use a health savings account (HSA) The high deductibles tend to have lower premiums, whereas the low deductible tend to have higher premiums. Plans with higher deductibles tend to have lower monthly premiums than lower deductibles.

If you cause a car accident, which type of insurance will require you to pay the least out of pocket: B.Low deductible plan. It means if the health insurance plans carry a lower deductible, when you get sick, you pay less money up front before your plan starts paying

<h3>Learn more</h3>
  1. Learn more about deductible plan brainly.com/question/1845375
  2. Learn more about insurance brainly.com/question/11467163
  3. Learn more about car accident brainly.com/question/3100499

<h3>Answer details</h3>

Grade: 8

Subject: business

Chapter: insurance

Keywords: deductible plan, insurance, car accident, pocket, pay

WARRIOR [948]3 years ago
3 0
A low deductible plan is the type of insurance that will require the driver to pay less out of pocket. If a person has a high deductible plan, the out of pocket payment would be a lot higher. A low deductible plan has much higher premiums that must be paid. The high deductible insurance has much lower premiums. After a wreck that is caused by the driver, most insurances will raise the premiums paid. Unless you with an insurance company that accident forgiveness plans. The correct answer to this question is B. Low Deductible Plan. 
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Answer:

1. Transaction will have effects on Balance Sheet in the Assets Section and will be classified as an Investing Activity in the Statement of Cash flows.

2. Transaction will have effects on Balance Sheet in the Liability Section and will be classified as a Financing Activity in the Statement of Cash flows.

3. Transaction will have effects on Income Statement in the Revenue Section and will be classified as an Operating Activity in the Statement of Cash flows.

4. Transaction will have effects on Income Statement in the Revenue Section and will be classified as an Operating Activity of the Statement of Cash flows.

5. Transaction will have effect on Income Statement in the Expense Section and will be classified as a Financing Activity in the Statement of Cash flows.

Explanation:

1. Falcon purchases common stock of Wildcat. This is classified in the investments tab of the assets account. This will be reflected in balance sheet. The transaction is classified in the investing activity.

2. Falcon borrows from Wildcat and signs Notes payable this will have effects in balance sheet liability account. This is financing activity.

3. Falcon receives Dividend revenue from Wildcat. This will be reflected in income statements as revenue. It will operating activity.

4. Falcon provides services to Wildcat , this is reflected in income statement as revenue. This will appear under operating activity.

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7 0
3 years ago
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. The effect of g
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Answer: See explanation

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4 0
2 years ago
Finisher Inc. sells merchandise of $250,000 in 2020 that includes a three-year limited warranty. Warranty costs are estimated to
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Answer: See explanation

Explanation:

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(To record the warranty accrual)

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Suppose an economy’s national accounts are GNP = 100, C = 70, I = 40, G = 20 and EX = 20 where GNP is gross national product, C
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Answer:

Imports is 50.

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Total savings is 30.

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Explanation:

GNP is given as  100.

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The exports are given as 20.

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Answer:

Explanation:

Expenditure made to reduce costs; Expenditure made to increase revenue; Expenditure which is justified on non-economic grounds.

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