1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Afina-wow [57]
3 years ago
9

A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over the entire group. In this w

ay, each farmer is responsible for the average loss of the group rather than the actual loss that the farmer sustained. Which characteristic of insurance is embodied in this agreement?
Business
1 answer:
mixas84 [53]3 years ago
8 0

Answer:

pooling losses

Explanation:

This agreement embodies the concept of pooling losses. In this concept, each individual loss is spread over to the entire group. In order for this arrangement to be effective, a large number of farmers are required, so whenever a farmer suffers a loss, it will be mitigated due to the pooling over the large group.

You might be interested in
Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, it sold $700 of merchandise
Nutka1998 [239]

Answer:

1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

Explanation:

nov-02 sold 700

terms 2/15 n 30  

                700

Discount            2%

                   14

Net payment  686

Db Cash_____________686

Db Sales discount_______14

Cr Account receivable_______700

7 0
3 years ago
Read 2 more answers
Unscheduled absenteeism has climbed to its highest levels in XYZ Company last month. Inorder to reduce the costs associated with
____ [38]

Answer:

A) integrated paid time off

Explanation:

Integrated paid time off (PTO) is a policy employed by many organizations where all paid time off benefits are combined into one, equaling a total of the paid days off for holidays, vacation, sick leave, and personal days the employee would have received in a separate paid time off system.

3 0
3 years ago
If their gross income exceeds $600,
nataly862011 [7]

If Estates are required to file income tax returns if their gross income exceeds $600 and all corporations must file regardless of income. This is called <u> Tax filing requirements.</u>

<u />

<h3>What is Tax filing requirements?</h3>

Tax filing requirements can be defined as the requirement a person or a tax payer  is expected to meet or abide by while filing for tax return.

Tax payer must always check tax filing requirement in order to know whether they meet the requirement before filling for a tax return.

Therefore  this is called <u> Tax filing requirements.</u>

The complete question is:

Estates are required to file income tax returns if their gross income exceeds $600. All corporations must file regardless of income.

Learn more about Tax filing requirements here:brainly.com/question/14748046

#SPJ1

7 0
1 year ago
Question 2 of 10
son4ous [18]

It should be noted that a benefit of contributing to a retirement account is A. The amount of income that's taxable is reduced.

<h3>What is the benefit of retirement account?</h3>

It should be noted that employee contribution can help in reducing taxable income.

Contributions and investment gains won't be taxed until they're distributed.

Therefore, the benefit of contributing to a retirement account is the amount of income that's taxable is reduced.

Learn more about retirement on:

brainly.com/question/25707827

6 0
2 years ago
Which type of monetary policies would the federal reserve most likely use when the economy is struggling?
Alik [6]

Answer: A. Expansionary policies

Explanation:

Just did it for APEX

6 0
3 years ago
Read 2 more answers
Other questions:
  • Zenda is a financial advisor for an investment company and also has a private bookkeeping business. She recently read about new
    13·2 answers
  • SHAPE magazine is targeted at young women seeking healthier lifestyles. At a price of $3 per copy, 1.25 million copies are sold.
    7·1 answer
  • Distinguish between the short run and the long run. In the short​ run, ______. In the long​ run, ______.
    10·1 answer
  • Consider the following items: • Land • Accounts Receivable • Notes Payable (due in three years) • Accounts Payable • Retained Ea
    13·1 answer
  • On 12/31/2015, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $
    10·1 answer
  • 9. An arrangement that maintains the power of attorney in the event that the principal becomes
    11·1 answer
  • How do safe investments usually have a lower rate of return than riskier ones?
    15·2 answers
  • The profit earned from the sale of stock that has increased in value is known as
    15·2 answers
  • Suppose that today you buy a bond with an annual coupon rate of 10 percent for $1,120. The bond has 17 years to maturity. What r
    5·1 answer
  • Alan karbashian spends all day driving from customer site to customer site for sales meetings in his job with a national medical
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!