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4 years ago

Which formula best describes the amount an insurance company will pay you for your loss?

2 answers:

6 0

A) Payment = Loss - Deductible
because you always need to pay your deductible so you won't get this amount of money back

Marysya12 [62]4 years ago

6 0

Answer:

The correct answer is letter "A": Payment = Loss - Deductible.

Explanation:

The insurance deductible is a specific amount the insured's payment must reach usually per year, so that the insurance company benefits start to apply taking care of the bills and services according to the insured condition. In the case where a particular insured submits too many claims within the same valid insurance period, deductibles work like cushions.

In that case, if a claim is covered by the insurance policy, they can pay the amount of a loss subtracting the deductible (Payment = Loss - Deductible).

You might be interested in

_____ is a practice where a store sends coupons to a customer, who has already bought a product from the store, for a more expen

Kaylis [27]

Answer:

Upselling

Explanation:

Upselling: The term "upselling" is described as a specific sales technique in which a seller generally induces different customers to buy or purchase items that are considered as more expensive, upgrades or any other "add-ons" while making an effort to create a profitable sale.

In other words, it is referred to as a practice or an effort to encourage various customers to buy high-end products. This is a method of persuading customers.

As per the question, the given statement signifies "upselling".

3 0

3 years ago

g 4. The price of a home is $197,000. The bank requires 20% down payment and four points at closing. The cost of the home is fin

Molodets [167]

Answer:

a. $39,400

b. $157,600

c. $6,304

Explanation:

a. Down payment

Bank requires 20% down payment

= 20% * 197,000

= $39,400

b. Mortgage amount

= Price of house - down payment

= 197,000 - 39,400

= $157,600

c. Amount at 4 points:

= Mortgage * 4%

= 157,600 * 4%

= $6,304

4 0

3 years ago

The Assembly Department started the month with 24,900 units in its beginning work in process inventory. An additional 309,900 un

OleMash [197]

Answer:

304900 units should be transferred to the next processing department during the month.

Explanation:

Work in process : As a name suggest, the Work in process (WIP) is a process in which the work is in under processing or we can say it is not 100 % completed. It can be incomplete in any cycle .

It includes various cost like - direct material , direct labor, overhead, etc.

To find out how much units is to be transferred, the following equation is used which is shown below.

= Opening Work in process inventory + Purchase of inventory - closing work in progress inventory

= 24,900 units + 309,900 units - 29,900 units

= 304900 units

Thus, 304900 units should be transferred to the next processing department during the month.

6 0

3 years ago

How to calculate gross margin Description AmountNumber of units sold 800 unitsSelling price per unit $500 per unitCost of goods

shutvik [7]

Answer:

$200,000

Explanation:

The computation of the gross margin is shown below:

As we know that

Gross margin = Sales - cost of goods sold

= (800 units × $500 per unit) - (800 units × $250 per unit)

= $400,000 - $200,000

= $200,000

We simply applied the above formula so that the gross margin could come

And the other items which are mentioned in the question are to be ignored as they are not relevant

8 0

3 years ago

You have just been promoted at work and you are now responsible for all marketing communication through the different Internet c

Brrunno [24]

Answer:

Plagiarism

Explanation:

Plagiarism is an illegal act of presenting another author's intellectual work or copyrighted items by using their ideas, thoughts, language or expressions, word for word.

The first issue you will need to address as you redesign the corporate blog is to ensure that you are avoiding copyright violations and plagiarism in order to avoid having many direct paragraphs from competitor websites and product manufacturing magazines.

7 0

3 years ago

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