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3 years ago

What is the primary purpose of insurance

Business

2 answers:

Verdich [7]3 years ago

8 0

The answer is to protect you against financial loss.

jonny [76]3 years ago

4 0

The general purpose of insurance, is to provide economic protection against losses that may have happened due to a chance happening or event. An insurance policy provides this protection by gathering funds to meet those losses.

Hope this helps!

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Under what circumstances might stockholders be displeased with a corporation's performance?

Minchanka [31]

I would say the shareholders could disapprove of the performance of their company if it was to consistently to lose money over say several quarters with no signs of improvement or no encouragement by management that this was a temporary situation,

6 0

3 years ago

Of the automobiles produced at a particular plant, 40% had a certain defect. suppose a company purchases five of these cars. wha

Stells [14]

The expected value for the number of cars with defects can be obtained by multiplying the probability of success (i.e. the percentage of products with defects - 40%) by the number of cases (i.e. the number of cars purchased – 5).

40 / 100 X 5 = 2

Therefore, the expected value for the number of cars with defects will be the percentage of products with defects is 2

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4 years ago

Bright Future Investment Fund has a balance of $1, 205 on January 1. On May 1, the balance is $1, 230. Immediately after this ba

lilavasa [31]

Answer:

The fund balance at the end of the year is $22,075.

Explanation:

Let X denote the end-of-year balance. During the year, the balance grows as follows

1,205 → 1,230+ ($800) = 2,030

The time-weighted yield rate for the one yearperiod is 11.1%

11.1 = $\frac{1230}{1205}$ * $\frac{X}{2030}$

1230x = 27152265

x = $\frac{27152265}{1230}$

x = $22,075

7 0

3 years ago

You are depositing $3,000 in a retirement account today and expect to earn an average return of 7.5 percent on this money. How m

GrogVix [38]

If we're expecting 7.5% of an increase of our $3,000 in 40 years, then we need to figure out how much of an increase we will get for the 5 plus years.

1.We're constantly dividing until we get the left side to 5 (years).

7.5% -- 40 (Half of 40 is 20, so let's divide by 2 on both sides)

3.75% -- 20 (Half of 20 is 10, so let's divide by 2 on both sides)

1.875% -- 10 (Half of 10 is 5, so let's divide 2 on both sides)

0.9375% -- 5 (We've reached our goal!)

2. Now we have to plug in.

$3,000 x 7.5 = 22,500 (Initial)

Our New Problem with 45 Years Total:

Answer: $3,000 x 8.4375 = $25,312.5

(I never completed a problem like this before, so I hope that this helps. Goodluck.)

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3 years ago

What is one reason that a person might want to be an entrepreneur?

kupik [55]

Answer:

They can be their own boss.

6 0

3 years ago

Read 2 more answers