All categories

3 years ago

When you want to add coverage for something not included in an insurance policy, what would you add to your policy?

Business

2 answers:

Serggg [28]3 years ago

6 0

riders is your answer

Leya [2.2K]3 years ago

5 0

Riders are add-on options (Benefits) that can be added to a basic Insurance Policy

You might be interested in

From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have

Vilka [71]

Answer:

a) Marginal cost of waiting is greater than the marginal benefit of being served

Explanation:

For an economic perspective, customer leave a fast food restaurant as they find the marginal cost of waiting is higher than the cost of marginal benefit of being served at restaurant.

Marginal cost: In economics, it is a cost that is incurred for an additional unit of benefit received out of certain action or activity.

Marginal benefit: It is a benefit received for an additional unit of cost incurred during the activity taken place.

Therefore, customer have done analysis on the benefit of waiting in a queue for getting served at restaurant, which he found that marginal cost is greater than the marginal benefit of being served.

4 0

3 years ago

A corporation is concerned about their exposure to criminal liability after the most recent election cycle placed a number of ne

Angelina_Jolie [31]

Answer:

The strategy that would be least effective in reducing the company's criminal liability is:

D. It could donate to the election campaigns of the new members of Congress to establish goodwill.

Explanation:

While the other three options will effectively reduce the company's criminal liability exposure, option D is the least that is likely to have a positive or effective effect. This implies that option D is most likely to aggravate the criminal liability of the company as it will be regarded as bribery to cover up a crime.

4 0

3 years ago

Jim's Espresso expects sales to grow by 10.3 % next year. Using the following statements and the percent of sales method, forec

stepladder [879]

Answer:

Jim's Espresso

The forecasted costs will be :___________

a. Costs = $110,168

b. Depreciation = $6,575

c. Net Income = $70,482

d. Cash = $16,600

e. Accounts receivable = $2,283

f. Inventory = $4,511

g. Property, plant, and equipment = $11,085

Explanation:

a) Data and Calculations:

Sales growth = 10.3%

Balance Sheet

Assets Percentage of sales

Current Forecast

Cash and Equivalents $15,050 0.07357 $16,600

Accounts Receivable 2070 0.01012 2,283

Inventories 4090 0.01999 4,511

Total Current Assets $21,210

Property, Plant and Equipment 10,050 0.04913 11,085

Total Assets $31,260

Liabilities and Equity:

Accounts Payable $1,580

Debt 3930

Total Liabilities $5,510

Stockholders' Equity 25750

Total Liabilities and Equity $31,260

Income Statement: Current % Forecast

Year

Sales $204,560 1 $225,630

Costs Except Depreciation (99,880) 0.48827 (110,168)

EBITDA $104,680 0.51173

Depreciation (5,960) 0.02914 (6,575)

EBIT $98,720 0.48260

Interest Expense (net) (410) 0.00200

Pretax Income $98,310 0.48059

Income Tax (34,409) 0.16821

Net Income $63,901 0.31238 $70,482

The forecasts are based on sales of the current year and the next year.

5 0

3 years ago

Which of the following statements is true of a trial balance?A.A trial balance has the same format as a balance sheet.B.A trial

seraphim [82]

Answer:

A trial balance presents data in debit and credit format.

Explanation:

There are two sections in the trial balance, called columns of debits and columns of credits. The total columns of debit and credit should always correlate or matched. The debit columns report assets and expenditures side while revenues stockholder equity, and the liability side are reported in the credit column.

4 0

3 years ago

etermining Gross Profit During the current year, merchandise is sold for $990,000. The cost of the merchandise sold is $693,000.

otez555 [7]

Answer:

Results are below.

Explanation:

A: To calculate the gross profit, we need to use the following formula:

Gross profit= sales - cost of goods sold

Gross profit= 990,000 - 693,000

Gross profit= $297,000

B: Now, the gross profit percentage:

Gross profit percentage= (gross profit / sales)*100

Gross profit percentage= (297,000 / 990,000)*100

Gross profit percentage= 30%

C: Finally, a net income is reported in the income statement at the moment of the sale. It doesn't matter if the sale was paid or not.

6 0

3 years ago