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Tanya [424]
3 years ago
11

Insurance underwriters sell insurance. True or False?

Business
1 answer:
Archy [21]3 years ago
8 0

Hello there!

Answer:

Your answer would be FALSE

Explanation:

The reason why your answer would be FALSE is because Insurance underwriters are NOT the ones that sell insurance to customers. The person that sells insurance to people are Insurance Agents.

What an insurance underwriter does is decide which types of insurance a company should have and which types of insurances the company shouldn't have. They're specifically not the ones that you call or see when you get insurance.

For example, when you call an insurance company, the person that picks up the phone is an Insurance Agent for the company. Insurance underwriters don't necessarily deal with customers because that is not their job task.

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The statement of retained earnings or the statement of stockholders' equity reconciles the net income, dividends paid, and the c
sdas [7]

Answer:

1.

Option B is the correct answer.

2.

Dividends Paid = $55 million. Thus, option C is the correct answer.

Explanation:

1.

The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.

2.

The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.

Closing balance of retained earnings = Opening balance of retained earnings  +  Net Income for the period  -  Dividends Paid

700  =  595  +  160  -  Dividends Paid

700 + Dividends Paid =  755

Dividends Paid = 755 - 700

Dividends Paid = $55 million

4 0
3 years ago
Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline purchased in the United States is 8 milli
miss Akunina [59]

Answer:

Option (C) is correct.

Explanation:

Elasticity of demand refers to the responsiveness of change in quantity demanded with any change in the price level.

Elasticity of demand:

= (change in quantity ÷ old quantity) ÷ (change in price ÷ old price)

=[(12 - 8) ÷ 8] ÷ [($3 - $2.25) ÷ $3]

= 0.5 ÷ 0.25

= 2

Therefore, the price elasticity of demand is 2.

4 0
3 years ago
Faisal and Torie each want to make an investment, but they have different needs. Based on the information, which investment opti
umka21 [38]

The types of investments used by Faisal and Torie are D. Money markets and savings accounts.

Both have the same savings goal, although nominally different.

<h2>Further explanation </h2>

Investment is a term that has several meanings related to finance and economics. This term also relates to the accumulation of assets/property in the form of future income expectations. Sometimes, investment is also commonly referred to as capital investment.

Investment Benefits:

  • Add Assets
  • Meeting Future Needs
  • Saving Lifestyle
  • Avoiding Account Debit Involved

Investment type :

  • Deposit
  • stock
  • Bond
  • Mutual fund
  • Property investment
  • Gold

Learn More

investment, savings, assets brainly.com/question/7162202

benefits and types of investments brainly.com/question/7162202

Details

Class: Middle School

Subject: business

keywords: investment, stocks, savings

5 0
3 years ago
PC​ Solutions, Inc. provides services to corporate and individual customers. During the month of​ June, the corporate business s
lord [1]

Answer:

The contribution margin from each customer of the individual business segment is $24.75

Explanation:

Contribution margin from each customer of the individual business:

Customers = 400

Revenue = $35000

Variable cost = $25100

Total Contribution margin = Revenue – Variable cost

                                            = $35000 - $25100

                                            = $9900

Contribution margin from each customer of the individual business :-   = Total Contribution margin/customers

= $9900/400

= $24.75

Therefore, The contribution margin from each customer of the individual business segment is $24.75

3 0
3 years ago
Wait a little while and the fruit will fall into your hand meaning
svetlana [45]
That mean good things will happen to you...( I think)
5 0
3 years ago
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