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3 years ago

What is the benefit of purchasing a generalized insurance policy?

Business

2 answers:

Semenov [28]3 years ago

5 0

Answer:

The correct answer is letter "B": rules out buying extra policies in the future.

Explanation:

General insurances provide coverage in almost every field such as automotive, home, health, travel and so on but, it does not provide insureds any benefit in front of death. In that sense, insureds do not need to purchase one insurance per each field. They would suppose to need only life insurance in addition to general insurance.

Alika [10]3 years ago

4 0

<span>The benefit of purchasing a generalized insurance policy is that </span><span>rules out buying extra policies in the future. This will help the consumer to have a peace of mind because the consumer will be assured that they will get something out of this in the future.</span>

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3. What fallacy is illustrated by the following statement? "This work is driving me crazy!"

disa [49]

<h3>Statement by Fallacy</h3>

"This work is driving me crazy!"

The above sentence is said by Fallacy a worker of a cafe in a busy shopping mall, She tries her best to serve the customers but the customers are quite rude and that is the reason why she said such a dialogue.

<h3>Customer Behaviour</h3>

Fallacy wants the customers to act kindly and be a little patient, but that is completely the opposite of what is reality.

She is unable to leave the job as it is a well paid job and she is not able to find another job that can pay her this much salary.

Learn more about Business at brainly.com/question/26675384

3 0

2 years ago

At the end of the year, the deferred tax asset account had a balance of $4 million attributable to a temporary difference of $16

Alex

Answer:

1 . Dr ncome tax expense 7

Dr Deferred tax asset 4

Cr Income tax payable 11

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

Explanation:

Preparation of Journal entries

JournalDebitCredit

(In million)

1 . Dr ncome tax expense 7

($11-$4=7)

Dr Deferred tax asset 4

($16× 25% = $4)

Cr Income tax payable 11

($44 × 25% = $11 )

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

(3/4 × $4) = $3 million

Deferred tax asset= ($16× 25%)

Deferred tax asset= $4 million

Income tax payable= ($44 × 25%)

Income tax payable= $11 million

5 0

3 years ago

Dagny taggart has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30minus−year term with monthly pa

Sophie [7]

First we have to calculate the monthly payment on the mortgage which is calculated as =PMT(rate,nper,pv) in excel

Monthly payment = PMT(0.054/12,30*12,400000) = $2,246.12

To calculate the amount of principal for the first three months, we construct the amortization table as shown below:

Month Payment Interest Principal Outstanding

0 400000

1 $2,246.12 1800 $446.12 $3,99,553.88

2 $2,246.12 1797.992446 $448.13 $3,99,105.75

3 $2,246.12 1795.975857 $450.15 $3,98,655.60

Total Principal $1,344.40

The total amount of principal that dagny will pay during the first three months of her mortgage is closest to: $1,344.40

7 0

3 years ago

Which of the following statements are TRUE about credit scores?

Westkost [7]

Answer is a , credit scores reflect how likely individuals are to repay Thier debts.. you buy a house , and say they need a credit check. it's to be sure that you're reliable to pay the bills or rent.

7 0

3 years ago

On August 15, we purchased equipment for $5,000. We paid $1,000 down with the remainder to be paid later. What account(s) would

vodka [1.7K]

Answer:

a. Cash and accounts payable

Explanation:

The journal entry to record this given transaction is shown below:

Equipment A/c Dr $5,000

To Cash A/c $1,000

To Account payable A/c $4,000

(Being the equipment is purchased for cash and on account)

Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account

6 0

3 years ago

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