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3 years ago

Identify five financial risks that can be covered by insurance.

1 answer:

6 0

1. The building or the work place and it's called Property insurance
2. the works health and it's called Workers’ compensation insurance
3. Vehicle insurance (the business's vehicles)
4. Professional liability insurance (covers a business against negligence claims due to harm that results from mistakes or failure to perform)
5. Product liability insurance (if the business manufactures a product can have damage ones but with coverage available to be tailored specifically to a specific type of product)
6. Business interruption insurance (like if a flood happen then the business won't be able to operate for a while so they'll lose in income so business interruption insurance compensates a business for its lost income during these events)

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Torque Engine Company is considering opening a plant in China. It will cost $3,500,000 to set up the plant and $750,000 to train

lbvjy [14]

Answer: Benefits outweigh the costs by $50,000.

Explanation:

Given that,

Plant set up cost = $3,500,000

Cost to train employees = $750,000

Cost to build relationships = $100,000

Gross profit from plant(Benefits) = $4,400,000

Total costs = Plant set up cost + Cost to train employees + Cost to build relationships

= $3,500,000 + $750,000 + $100,000

= $4,350,000

Difference = Total benefits - Total costs

= $4,400,000 - $4,350,000

= $50,000

Therefore, benefits outweigh the costs by $50,000.

3 0

4 years ago

A receiving department compares inventory items received with copies of purchase orders. The purchase orders list the name of th

Anettt [7]

Answer:

The correct option is (a)

Explanation:

Purchase order is an order that is issued by the buyer to the seller indicating types, quantity and rate of products intended to purchase.

Here, receiving department needs to compare inventory with purchase order. Purchase order constitutes only names of vendor. In this case, receiving department will be able to identify those deliveries for which purchase orders were not issued.

Since, quantity is not mentioned, partial deliveries cannot be detected. Similarly, greater quantity deliveries can also be not identified.

8 0

3 years ago

A new york buyer is purchasing a property for $120,000. what will the seller pay in transfer tax if the rate is $4 per $1,000 of

Rudik [331]

The seller will pay $444 in transfer tax. Multiply the transfer tax rate. 0037 ($0.37 per $100) by the value of the property ($120,000) will the seller pay in transfer tax if the rate is $4 per $1,000 of the sales price.

After the seller has been paid and all payments have been made, the remaining amount is said to be net to the seller. Calculating the net-to-sellers ratio is very simple. Simply subtract the seller's costs and liabilities from the selling price.

To calculate the prorated tax amount, multiply the annual tax amount by 105%. Then he divides that number by the number of days in a year. The sales price must be held responsible for the amount of unpaid property taxes for the number of days the property was occupied prior to the date of sale.

Learn more about sales prices at

brainly.com/question/1153322

#SPJ4

4 0

2 years ago

Assume that Linda deposits in her checking account the $1,000 cash she was keeping at home for an emergency. If the required res

Sav [38]

Answer:

The answer is $5000

Explanation:

total change in MS =change in MB×MM

Money multiplier = 1/0.2= 5

Therefore total change = 1000* 5= $5000

6 0

3 years ago

When using the four-step process for organizing creative thinking, which step involves ideas beginning to flow?

mel-nik [20]

Th illumination stage is the stage at which the ideas from creative thinking began to flow.

<h3>What is a creative thinking?</h3>

This refers to a thinking process that is intented to gain a new insights and different ideas through existing information

The stages of the creative thinking includes:

Preparation
Incubation
Illumination
Evaluation
Verification

In conclusion, the illumination stage is the stage at which the ideas from creative thinking began to flow because the ideas are been illuminated from the mind.