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Aleksandr [31]
3 years ago
7

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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Hughes Aircraft sold a four-passenger airplane for $380,000, accepting a 12% note for the purchase price. This transaction would
Semmy [17]

Answer:

a. Debit to Notes Receivable

Explanation:

Journal entry for selling an asset in return for notes receivable is;

Notes Receivable A/c                                                Dr.

    To Asset A/C

In the given case, an aircraft is sold in exchange for a note receivable. The journal entry would be:

12% Notes Receivable A/C                                Dr. $380,000

     To Aircraft                                                                             $380,000

(Being notes receivable received in exchange for aircraft sold being recorded)

Notes Receivable is an asset for the receiver as it represents amount which is due to be received. Whenever an asset account is debited, it increases their balance.

Aircraft is an asset. When an asset is sold, it is credited. Here the asset being a movable asset.

5 0
3 years ago
The use of __________ has increased productivity along the assembly line and within service-based businesses while simultaneousl
galben [10]

Answer:

Robots.

Explanation:

  • The use of mechanism and robotic arm has become a important determinate for the production and manufacturing process in todays 21st century.
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7 0
3 years ago
Which of the following is an example of a functional team? a. A plastic surgeon, a dentist, a nurse, and a health insurance spec
lisabon 2012 [21]

Answer:

the anser is c

Explanation:

no clue just did the test

8 0
3 years ago
Read 2 more answers
Which of the following mortgages would you prefer to hold if you were a lender and you expected inflation of uncertain magnitude
Elodia [21]

Answer: Option C

                             

Explanation: An adjustable mortgage (ARM) is a borrowing form in which the rate of interest charged to the remaining balance varies all across the loan's lifetime. The new interest rate is set for an amount of time with an adjustable-rate mortgage, after which it resets regularly, often quarterly or even monthly.

The mortgage can be given at the normal variable rate/base rate of the lender. There may be a clear and statutorily defined relation to the applicable index, but if the creditor does not provide a specific link to the underlying market or index, the rate may be adjusted at the option of the lender.

8 0
3 years ago
A simple scoring model is used to decide among three projects that we'll call A, B, and C. The total score for project A is 30,
Flauer [41]

Answer: D) Project A is better than project B for this company at this point in time.

Explanation:

Option D is the best option because we do not know that the basis for the scoring model directly translates to earnings. The scoring of Project A at 30 does not necessarily mean that it's expected to earn those amounts of revenue and therefore triple that of Project C. We do not know because the information is not complete.

What we do know is that A has the highest score out of all projects and this is why it is better to do Project A as opposed to Project B.

4 0
2 years ago
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