The ability to receive compensation for losses is insurance's most obvious and crucial benefit. An insurance strategy is a policy used to reimburse people and associations for covered misfortunes.
What is an advantage of having insurance?
By shielding you from potential financial losses or liabilities brought on by unanticipated occurrences, insurance primarily serves to preserve your current wealth.
Describe three advantages of term insurance.
The advantages of purchasing term insurance include the ones listed below: Affordable Premium for a Large Guaranteed Sum. Simple to comprehend. Numerous Options for Paying Out Death Benefits.
Insurance serves a number of purposes, including risk sharing, capital formation, economic development, and other things. Insurance has nothing to do with loans.
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Answer:
The answer is "Complete but not absolutely right".
Explanation:
In production technique segments, it should first calculate the cost of fuel per mile and afterward measure the depreciation.
Calculating Depreciation:
Answer:
The correct answer is option C.
Explanation:
An inferior good is a good that has a negative income elasticity. It means that when consumer's income increases the demand for inferior goods decreases and vice versa.
If macaroni and cheese is an inferior good, then an increase in consumer's income will cause the demand for macaroni and cheese to decrease. This decrease in demand will cause the demand curve to shift to the left.
Answer:
Annual depreciation= $41,470
Explanation:
Giving the following information:
Purchasing price= $393,000
Salvage value= $74,000
The machine would be run 30000 hours in the 5 years. The company ran the machine for 3900 actual hours in 2018.
To calculate the depreciation expense using the units of activity method, we need to use the following formula on each year:
Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated
Annual depreciation= [(393,000 - 74,000)/30,000]*3,900
Annual depreciation= $41,470
Answer: 1. W: Is it worth doing?,2. R: Is it real, 3. R: Is it real, 4. W: Can we win?,5.W: Can we win?-
Explanation:The R-W-W Framework is used to screen new products. R-W-W stands for:
Is it Real?
Can we Win?
Is it Worth doing? By matching each description to nthe correct R-W-W category, i have that
1) The new product would cost $12.50 to manufacture, and similar products sell for $9.00----- W: Is it worth doing?
2)Research shows that 85% of high school students enjoyed playing the new game.-----R: Is it real
3)The results of the last market survey showed only 35% of consumers were interested in the new product-----.
R: Is it real?
4)A smaller ergonomic mouse was used by 57% of data entry clerks who participated in the survey.
----W: Can we win?-
5)To manufacture the new product, the company may need to hire 10 more assemblers.-----W: Can we win?
