The answers of the given questions above are the following:
1. The insurance coverage is the amount your insurance company is willing to pay. The correct answer is option B. Insurance transaction involves the insured<span> assuming a guaranteed loss in the form of payment to the insurer in exchange for the insurer's assurance to reimburse the </span>insured<span> in the event of a </span>covered<span> loss.
2. The correct answer would be option D. Deductible
3. The correct answer would be option D. Allows young adults to stay on their parents' insurance until the age of 26. </span>
Answer:
Crucial or important?
Explanation:
Tell me if there's anything else to the question but I would say that it is very important to convince a person with understanding or appeal.
Answer:
Annual Interest will be $1,103.21
Explanation:
Reinvesting on 1% per working will enable a fund manager to compound the earning to 250 trading days per year.
Use following formula to calculate the the amount investment after compounding 250 days.
F = P ( 1 + r/n )^n
n is the number of period in a year. and r/n is the interest per day which 1%.
F = 100 ( 1 + 0.01 )^250
F = $1,203.22
Return = $1,203.22 - $100 = $1,103.21
Another way:
Effective Annual rate = ( 1 + 0.01)^250 - 1
Effective Annual rate = ( 1.01)^250 - 1
Effective Annual rate = 11.0321 = 1,103.21%
F = 100 x 1103.21% = $1103.21
Answer:
D. Positioning.
Explanation:
Positioning is a market strategy that tries to create a product with similar features to that of its competitors and tries to drive the image through marketing.
This ịs a very powerful marketing concept because it builds a product's reputation and makes it distinguishable from the products of other competitors. This is done to try to occupy the mind of its intended customers and get them to see the difference between their product and that of rival companies. This type of advertising has become very common.
Answer:
$1,113 ; $477
Explanation:
The computation of the allocation of premium for the three years is shown below:
For product cost, it is
= Premium for the three years × given percentage ÷ number of years
= $4,770 × 70% ÷ 3
= $1,113
And, for the period cost, it is
= Premium for the three years × given percentage ÷ number of years
= $4,770 × 30% ÷ 3
= $477
The period cost is mainly deals with the selling and administrative activities while the product cost is deals with the manufacturing operations