All categories

2 years ago

Insurance underwriters sell insurance. True or False?

Business

1 answer:

Archy [21]2 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.

You might be interested in

Brown Company manufactures luggage sets. Brown sells its luggage sets to department stores. Brown expects to sel 1,700 luggage s

Svetradugi [14.3K]

Answer:

sales budget for January and February are given below

Explanation:

given data

luggage sets = 1700

sell = $180 each

luggage sets = 2050

sell = $180

to find out

sales budget for January and February

solution

Sales Budget

January February

Budgeted luggage sets to be sold 1,700 2,050

Sales price per unit 180 180

total sales 306000 369000

here sale is sold Budgeted luggage × Sales price

3 0

2 years ago

A decrease in demand for cameras would likely be caused by

nignag [31]

A decrease in demand for cameras would likely be caused by increased abilities in cell phones for filming

3 0

3 years ago

9- 23. Someone argues that an advantage of vouchers would be to allow high school students to learn to weld and operate a mill i

Amiraneli [1.4K]

Answer:

The correct answer is letter "D": vouchers as an efficient and equitable use of public resources.

Explanation:

School vouchers are monetary public resources allocated to private education. States provide parents a certain amount of money so their children go to a private school or, in other cases, that money can be used for homeschooling. The money provided covers part of private schooling only.

Therefore, <em>if a person focuses on providing students technical knowledge that could be useful for students when they join the workforce instead of allocating resources for private regular shooling, that individual is likely to consider that vouchers are not used efficiently neither it brings effective results.</em>

3 0

3 years ago

A corporation has $7,000,000 in income after paying preferred dividends of $500,000. The company has 1,000,000 shares of common

Finger [1]

Answer:

Price earning ratio= 8 times

Explanation:

Price earning ratio = Price per share /Earnings per share

Price per share = 56, EPS =?

Price per share =56, EPS = Total earnings available to ordinary shareholders/Number of shares

7,000,000/1,000,000= $7 per share

Price earning ratio = 56/7= 8 times

Price earning ratio= 8 times

8 0

3 years ago

Here I Sit Sofas has 7,100 shares of common stock outstanding at a price of $94 per share. There are 600 bonds that mature in 30

Zinaida [17]

Answer:

Weight of debt = 57.83 %

Explanation:

given data

number of shares = 7,100

price = $94 per share

number of bonds = 600

mature time = 30 year s

coupon rate = 6.8 percent

bonds par value = $2,000

sell = 108.5 percent

stock outstanding = 6,000 shares

stock outstanding price = $47 per share

to find out

capital structure weight of the debt

solution

first we get here Equity market value that is express as

Equity market value = number of shares × price per share

Equity market value = 7100 × $94

Equity market value = $667,400

and

current debt value will be here as

current debt value = number of bonds × price per bond

current debt value = 600 × (1.085 × 2000)

current debt value = $1,302,000

and now Preferred stock value will be

Preferred stock value = stock outstanding × stock outstanding price

Preferred stock value = 6,000 × $47

Preferred stock value = $282000

and total capital will be as

Total capital = Equity market value + current debt value + preferred stock value ..................1

put here value

Total capital = $667,400 + $1,302,000 + $282000

total capital = $2251400

so here Weight of debt will be

Weight of debt = debt value ÷ total capital ..............2

Weight of debt = $\frac{1,302,000}{2251400}$

Weight of debt = 0.578306

Weight of debt = 57.83 %

6 0

2 years ago