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Doss [256]
3 years ago
10

Your best friend says they don’t think insurance is important. Explain to them why it is important to have insurance. How is hav

ing insurance important for successful financial management?
Business
2 answers:
Free_Kalibri [48]3 years ago
5 0

Answer:

They are an investment method capable of strengthening the economy of users and families in the face of the high prices of private medical care.

Explanation:

One of the most important reasons is that the insurance company guarantees the insured the medical payments that arise in case of illness, accident or during a consultation with the doctor. This is a benefit that the user obtains when paying a premium for an insurance policy, which can be contracted for life or renewed every year.

Patients have the option of configuring the different benefits of medical insurance according to the budget, so they can choose health care and health plans that best suit their needs.

ValentinkaMS [17]3 years ago
4 0
Well, for one if you were to get in a car crash good insurance  would pay for the damages and even replace your car......If you were to get injured insurance would pay for the hospital bill....so insurance is food because it saves you thousands of dollars and pays for some of the heavy stuff in life.
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Lambert Company purchased $140,000 of goods in September and expects to purchase $130,000 of goods in October. Lambert typically
igor_vitrenko [27]

Lambert's expected cash disbursement in October for purchases of goods = $138,000

Solution:

Given,

Lambert Company purchased $140,000 of goods

Expects to purchase $130,000 of goods

Lambert must make the following payments:

Rent                               $5,000

Wages                             14,000

Utilities                            3,000

Telephone                          400

Loan on equipment          1,200

Lambert uses the company's payment card to acquire a desktop device for $4,500. Usually, the credit card balance must be charged in full in the next month. September payment card transactions contributed to $6,000.

Now , To find Lambert's expected cash disbursement in October for purchases of goods :

$5,000 + $14,000+ $3000+ $400+ $1200 =  $23600

= $23600  +  80% of the Sept order of $140,000 ($112,000) + 20% of the Oct order of $130,000($26,000)  

= $161,600 + the $6000 credit card = $167,600

Purchase of goods is  $112,000 & $26,000  =  $138,000

6 0
3 years ago
"Forman and Berry are forming a partnership. Forman will invest a building that currently is being used by another business owne
dimaraw [331]

Answer:

The amounts to be recorded for the building and for Forman's Capital account are $80,000 and $60,000 respectively

Explanation:

According to the accounting principles, the fixed assets should be recorded at cost or market value whichever is lower

So, in the question, it is mentioned that the building has a market value of $80,000  so by $80,000 the building is recorded.

And, for the Forman's Capital account, the $60,000 should be recorded because we have to deduct the $20,000 building mortgage from the market value of the building so that the accurate value can be come.

3 0
3 years ago
The Hollywood Branding staff has an idea for a corporate giant in the household cleaning products industry; a reality show using
Orlov [11]

Answer:

c)

Explanation:

Based on the information provided within the question it can be said that this worry stems from the concern that TV networks could be charged with deception of the public by failing to disclose the details of product-placement deals. This is due to the fact that if the network does not tell the public the details of the product deals or even that they are being sponsored, then a consumer might buy the product under the impression that it is a good product when in fact, the network is up-selling it. Therefore it is a form of false advertising.

6 0
3 years ago
George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2020, George began working
lakkis [162]

Answer:

2020 = $212,086

2021 = $192,400

Explanation:

To determine George's gross income in 2020 and 2021 we need to calculate the amount that george can exclude from the gross income for both years.

George's gross income in 2020

George can exclude amount from his gross income  = $107,600 x 214/366 (Lower of foriegn earned income $275,000 or foriegn earned income exclusion ceiling of $107,600 for 2020)

George can exclude amount from his gross income = $62,914

Therefore

George's gross income in 2020 = $275,000 - $62,914 ($100,000 + $175,000)

George's gross income in 2020 = $212,086

George's gross income in 2021

George can exclude the amount from his gross income  = $107,600 x 365/365 (Lower of foreign earned income of $300,000 or foreign earned income exclusion ceiling of $107,600 for 2021)

George can exclude the amount from his gross income = $107,600

Therefore

george's income in 2021 = $300,000 - $107,600

george's income in 2021 = $192,400

7 0
3 years ago
Daniel has to prepare a report outlining the reasons why his company is going to shut down two factories in the united states. h
timurjin [86]
The inductive method is also sometimes called a scientific method. The method starts off by stating many observations of nature then arriving to the conclusion. The goal is to find a few and powerful ending statement based on the previously stated individual reasons. 
6 0
3 years ago
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