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How can insurance protect you from financial loss?

RUDIKE [14]

Answer:

Answer:Insurance policies offer protection against economic loss, that is, loss or damage which can be measured in purely financial terms and compensated by money. When you buy homeowners property insurance.

Explanation:

When you buy homeowners property insurance, for example, you are insuring only the economic value of the home, i.e., the cost to repair or rebuild it.

6 0

3 years ago

• A student planning a career in business management wondered why it was important to learn cost and management accounting. How

ch4aika [34]

Explanation:

Let us understand what a cost accounting and management accounting deals with and how both are related to business management.

Cost accounting:

It deals with expenses and cost assessment in terms for producing or buying products.
Gives an idea of how to measure profit.
To determine the selling price and this would be challenging and profitable to the business and to the market.

Management accounting:

This helps the business people to make decisions, assess performance, and it is one step ahead of cost accounting.

Any business management people has to deal with money, take decision, assess the market, measure profit. So it is important to get a knowledge on Cost and management accounting.

6 0

4 years ago

Nero and Omar agree to buy natural gas to sell to Power Fuel Company and to share storage costs until Power Fuel can take delive

ryzh [129]

Answer:

The correct answer to the following question is option D) Confusion .

Explanation:

In this question Both Nero and Omar are trying to create confusion for the Power fuel company . They're trying to create the confusion for the power fuel because they're trying to take advantage of reducing their cost ,as Nero and Omar have made agreement between them to buy natural gas together and then sell it to power fuel.

6 0

3 years ago

The total cost function for a product is C(x) = 850 ln(x + 10) + 1700 where x is the number of units produced. (a) Find the tota

aksik [14]

Answer:

a. $6,245.04

b. 9,605 units

Explanation:

(a) Find the total cost of producing 200 units. (Round your answer to the nearest cent.)

Given C(x) = 850 ln(x + 10) + 1700 ............................... (1)

Since x = 200 units, we substitute it into equation (1) solve as follows:

C(200) = 850 ln(200 + 10) + 1700

= 850 ln(210) + 1700

= 850(5.34710753071747) + 1700

= 4,545.04140110985 + 1700

C(200) = $6,245.04

Therefore, the total cost of producing 200 units is $6,245.04.

(b) Producing how many units will give total costs of $9500? (Round your answer to the nearest whole number.) units

To do this, we simple equate equation (1) to $9500 and solve for x as follows:

850 ln(x + 10) + 1700 = 9500

850lnx + In10 = 9500 - 1700

850lnx + 2.30 = 7,800

850lnx = 7,800 - 2.30

850lnx = 7,797.70

lnx = 7,797.70 ÷ 850

lnx = 9.17

x = e^9.17

x = 9,605

Therefore, 9,605 units will give total costs of $9500.

3 0

3 years ago

The cyclically-adjusted deficit as a percentage of GDP is 2 percent in Year 1. This deficit becomes 1 percent of GDP in Year 2.

Shkiper50 [21]

Answer:

The correct answer is (B)

Explanation:

Contractionary fiscal policy is applied by governments to reduce fiscal deficit. It is a type of financial approach that includes diminishing government expenditures and increasing taxes. The main idea is to increase revenue and decrease expenditures. Contractionary fiscal policy has led to a decrease cyclically-adjusted deficit as a percentage of GDP from 2% to 1%.

6 0

4 years ago