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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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Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for

Shtirlitz [24]

Answer:

a. $17,978

b. $300,000

Explanation:

Conditions

The cotton country of lancaster, california has owned his home for ten years
purchased it for $178,000, cotton bought a $160,000 homeowner's insurance policy

the replacement cost of the home is now $300,000

a. hence,

the proportion of the house insured = $\frac{InsuranceAmount}{PriceOfThe Home} \times 100$ %

$= \frac{160000}{178000}\times 100$

= 89.89%

Percentage amount covered by the policy

= proportion of the house insured = 89.89%

Amount covered by the policy in dollars

= $20,000 × 89.89%

= $17,978

Amount of insurance on the home that cotton should now carry to be fully reimbursed for a fire loss = current value of the home

= $ 300,000

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3 years ago

Given the following data: Treasury Bill Maturity DTM Bid Asked Mar 90 1.20 1.15 If you invest $10,000 today at the risk-free ra

Oksi-84 [34.3K]

Answer: $10029

Explanation:

Based on the information given in the question, if $10000 is invested today at the risk-free rate, the amount that'll be received in 90 days will be calculated thus:

= Investment × (1 + Asked) × (DTM/360)

= 10000 + (1 + 0.0115) × (90/360)

= 10000 + 1.011 × 0.25

= 10029

Therefore, the answer is $10029

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3 years ago

What dose David works at a bakery b wall fox or c idk

MArishka [77]

Answer: a.bakery

Explanation:

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3 years ago

Read 2 more answers

The following costs are included in a recent summary of data for a company: advertising expense, $99,500; depreciation expense -

Lyrx [107]

Answer:

Total overhead= $267,000

Explanation:

Giving the following information:

advertising expense, $99,500

depreciation expense - factory building, $147,500

direct labor, $264,500

direct material used, $314,500

factory utilities, $119,500

sales salaries expense, $164,500.

The overhead costs are all costs incurred involved in the production, but can't be directly assigned to a single product line.

Total overhead= depreciation of factory + factory utilities

Total overhead= 147,500 + 119,500= $267,000

Depreciation is not a cash disbursement.

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3 years ago

If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other e

Oliga [24]

Answer:

b. fixed

Explanation:

-Dependent refers to a valariable that changes when other factors change.

-Fixed cost refers to a cost that doesn't change when the amount of goods produced increases or decreases.

-Opportunity cost refers to the benefit that you would have received from the option that was not chosen.

-Marginal cost refers to the change in the cost when you produce an additional unit.

According to this definitions and as the statement refers to a cost that doesn't change, the answer is that as output is increased or decreased, these fixed costs remain unchanged.

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3 years ago