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2 years ago

What would casualty insurance policy cover?

2 answers:

8 0

Casualty insurance covers a broad range of property and injury losses. In home and vehicle casualty policies the plan covers things like injury cause while on the property or by the vehicle.

djverab [1.8K]2 years ago

5 0

Answer:

hi your question lacks options hence i will give you a summary of Casualty insurance policy cover

Casualty insurance policy is an insurance policy that covers a wider range of most or any kind of accident/casualty incidents.

Explanation:

Casualty insurance policy takes care of all or part of the losses encountered by an individual,group of individual, cooperate entity or organization or even the Government. in this type of insurance policy loss incurred in the damage of property or people is covered in it.

The Casualty insurance policy includes several insurance policy like car insurance, housing insurance, theft insurance, life insurance, Elevator insurance and so other forms of insurance. infact casualty insurance is the mother of all kinds of insurance policy because it covers every other form of insurance .

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Greenfield, Inc. agrees to make lease payments of $220 at the end of each month for 48 months for the use of a machine. Assuming

Anna35 [415]

Answer:

The Present value of the lease payment is $ 6,713.28

Explanation:

Given as :

The payment amount at the end of every months = $ 220

The total months = 48 months , i.e 4 years

The rate of compounded yearly = 12 %

Let The present principal value = P

∵ $ 220 is the payment at the end of 48 months

∴ Total amount in 48 months = $ 220 × 48 = $ 10,560

Now , from compounded method

The Amount after 48 months = Present value × $(1+\frac{\textrm Rate}{100})^{\textrm Time}$

So , $ 10,560 = P × $(1+\frac{\textrm 12}{100})^{\textrm 4}$

Or, $ 10,560 = P × $(1.12)^{4}$

So , $ 10,560 = P × 1.573

∴ P = $\frac{10560}{1.573}$ = $ 6,713.28

Hence The Present value of the lease payment is $ 6,713.28 Answer

8 0

2 years ago

Write about your last week ( over 50 words)

Ivenika [448]

So last week, my cousin turned 17 on Thursday, June 25th. I know ironic the same day Michael Jackson died. So I go to her house for a little get together with some of her friends. Now I am pretty antisocial and spent the party alone most of the time eating food. Anyways, I also started my Harvard summer classes last week for biology, it’s a lot of work but worth it in the end.

6 0

2 years ago

Read 2 more answers

Barry has just become eligible for his employer-sponsored retirement plan. Barry is 40 and plans to retire at 65. Barry calcula

snow_lady [41]

Answer:

$713,449.15

Explanation:

Barry’s total personal amount to invest = Initial amount + additional amount

= $4,500 + 1,140

Barry’s total personal amount to invest = $5,640

Since Barry’s employer would match this amount, total amount to invest will be;

Total amount to invest for Barry = $5,640 + $5,640 = $11,280

The new amount Barry will have at retirement can be calculated using future value of an annuity formula stated as follows:

FV = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)

Where,

FV = Future value of the amount at the retirement

M = Total amount to contribute yearly by Barry and his employer = $11,280

r = Rate of return = 7% = 0.07

n = number of periods = 65 – 40 = 25 years

Substituting the values for into equation (1), we have:

FV = $11,280 × {[(1 + 0.07)^25 - 1] ÷ 0.07}

= $11,280 × {[(1.07)^25 - 1] ÷ 0.07}

= $11,280 × {[5.42743264012289 - 1] ÷ 0.07}

= $11,280 × {4.42743264012289 ÷ 0.07}

= $11,280 × 63.2490377160413

FV = $713,449.15

Therefore, Barry would have $713,449.15 at retirement if he could invest an additional $1,140 per year that his employer would match.

7 0

2 years ago

A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 200 units is $4

sattari [20]

Answer:

It must shut down

Explanation:

Even at the lower average variable cost, which is 3.50 dolllar will be lossing money given a market price of 3.00 dollar

Considering is not making enough to cover the variable cost the best option is to shut down and only take a hit for the fixed cost until it can totally exit the market. If it tries to produce it will only make thinks worse as producing generates more losses

6 0

2 years ago

Windathon, Inc. expects sales volume totaling $500,000 for June. Data for the month follows:

ivann1987 [24]

Answer:

Here the variable cost can be computed using the following formula:

Variable cost = (Sales commissions + Shipping expense + Miscellaneous selling expenses) ×Sales

Variable cost = (4% + 1% + 3/4%) x $500,000 = $28,750

Fixed cost = Sales manager's salary + Advertising expense + Miscellaneous selling expenses

= $30,000 + $25,000 + $2,100

= $57,100

Total selling expense budget = Variable cost + Fixed cost

= $28,750 + $57,100

= $85,850

8 0

2 years ago