1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zepler [3.9K]
3 years ago
10

A newspaper reporter wrote that ""Lloyd’s of London is an association that provides physical facilities and services to the memb

ers for selling insurance. The insurance is underwritten by various syndicates who belong to Lloyd’s."" Describe Lloyd’s of London with respect to each of the following: a. Liability of individual members and corporations b. Types of insurance written c. Financial safeguards to protect insureds
Business
1 answer:
frosja888 [35]3 years ago
3 0

Answer:

a. Limited legal liability

b. Individual, Corporations

c. Limited only to a small number of Jurisdictions

Explanation:

a. The individuals and corporations who belong to the Syndicate made up by the Lloyd's of London will all have a limited legal liability. The Corporations who have Limited Liability or they have Limited Legal Liabilities can also join the formed syndicate.

b. The type of insurances written under this syndicate will be type of memberships that will include

      i. Corporations

      ii. Individual Members

      iii. Scottish limited Partnerships

c. The Lloyd;s of London is only licence to underwrite the insurance only in a small number of Jurisdictions in US Members.

You might be interested in
Suppose that because of the popularity of Jack Brown's, Aaron decides to open a third restaurant and issues another round of $10
Anettt [7]

The price of the new bonds given the face value and interest rate is $8,928.57.

<h3>What is the price of the bonds?</h3>

Bonds are debt instruments issued by a firm with the purpose of raising capital to carry out projects. The price of the bonds can be determined by discounting the face value of the bonds by the interest rate.

The price of the bonds = face value of the bonds / ( 1 + interest rate)

$10,000 / (1.12) = $8,928.57

To learn more about bonds, please check; brainly.com/question/8917277

6 0
2 years ago
An industry is considered to be global to the extent that its industry position in one country is dependent upon the industry po
Minchanka [31]

Answer:

False.

Explanation:

False, Because a global company is the one that operates in different countries. It does not have to depend on the position of industry in other countries. If a company is operating in different countries then it is a global company. Moreover, in the case of a global company, the company sells its product in that country without changing its quality. For example, a global company selling soda in different countries. In this case, the company will not compensate for its product according to the culture of that country rather it will impose its business model.

5 0
3 years ago
What percentage of federal tax revenue comes out of individuals paychecks?
Karolina [17]

Answer:

OPTION C = 51%

Explanation:

<em>Percentage of federal tax revenue which comes out of individuals paycheck</em>

<em>=individual income tax+corporate income tax</em>

given that,

individual income tax=42%

corporate income tax=9%

Hence, Percentage of federal tax revenue which comes out of individuals paycheck

=42%+9%

=51%

6 0
4 years ago
Read 2 more answers
A(n) ________ is(are) prepared ________ adjusting entries have been journalized and posted. A : adjusted trial balance; after B
andreev551 [17]

Answer:

A : adjusted trial balance; after

Explanation:

As we know that the trial balance shows an equal balance in both the debit and credit side

The adjusted trial balance also does the same but it would be prepared when the adjusting entries are passed.  

In both, the trial balance, the total of debit and the credit columns should always be equaled and matched    

Hence, the correct option is a.

7 0
3 years ago
Suppose that Techno TV produces LCD televisions. At a price of $2,000 per television, Techno determines that its optimal output
Lera25 [3.4K]

Answer:

B. Reduce output in the short run

Explanation:

Recession is a period of temporary economic decline during which there is a reduction in economic activities like buying and selling and so on.

So the best decision for techno to take if there are fears of recession is to reduce the amount or quantity of goods they are producing in the short run, because recession is only a period of TEMPORARY decline and not permanent decline.

8 0
4 years ago
Other questions:
  • Heads Up Company was started several years ago by two hockey instructors. The company’s comparative balance sheets and income st
    7·1 answer
  • In the event that Only1Corp. obtains control of all the natural gas producers in the US, it would most likely Group of answer ch
    9·1 answer
  • Black owned and resided on the premises at 1803 North Monroe Street in the city of Lawn. He had purchased the house from Green i
    5·1 answer
  • With a cobb-douglass production function, the marginal product of capital will increase if:
    6·1 answer
  • The person or group most responsible for a product meeting is:
    6·1 answer
  • Requiring industries to recycle 25% of plastics in their manufacturing process is an example of:
    9·1 answer
  • On december 31 2019 the ledger of lopez company contained the following account balances:Cash $31,500 Maria Lopez, Drawing $12,0
    8·1 answer
  • Garth Company sold goods on account to Kyle Enterprises with terms of 2/10, n/30. The goods had a cost of $600 and a selling pri
    5·1 answer
  • 1._____________is the difference between earned income and costs. 2. An organization that produces or distributes a good or serv
    14·1 answer
  • Cranston Corporation makes four products in a single facility. Data concerning these products appear below: Products A B C D Sel
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!