1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bad White [126]
4 years ago
5

Difference between compulsory and non-compulsory insurance

Business
1 answer:
leva [86]4 years ago
7 0
Compulsory insurance is a type of insurance that is required by law before you can engage in specific activities. This kind of insurance is meant to protect you from harm in some way, an example would be the legal requirement to have auto insurance to drive a car or having health insurance in the United States.

Non compulsory insurance is pretty much everything that you are not required to have, insurance such as travel insurance, life insurance, phone insurance, etc. Although it is a good idea to get these, they are not required.

Non compulsory basically means voluntary while compulsory means required.
You might be interested in
Wilton, Inc. had net sales in 2017 of $1,400,000. At December 31, 2017, before adjusting entries, the balances in selected accou
Sergeeva-Olga [200]

Answer:

See explanation section.

Explanation:

December 31, 2017

Bad debt expense                        Debit      = $17,600

Allowance for Doubtful Account Credit     =  $17,600

To record the bad debt expense

Calculation: Bad debt expense = $250,000 × 8% = $20,000. However, we cannot take this amount because Allowance for Doubtful Account is a positive contra entry, which has a $2,400 credit balance. Therefore, we have to deduct $2,400 from $20,000 to get the actual bad debt expense.

5 0
3 years ago
What do students buy when they pay tuition
poizon [28]

Answer: on edge it's B the right to attend classes at a school...

Explanation:

3 0
3 years ago
Read 2 more answers
'13.4. A company ships a particular product to a market located 1500 miles from the plant at a cost of $4.50 per mile. Normally
Vsevolod [243]

Answer: $13.50

Explanation:

The following information can.be deduced from the question:

Distance covered = 1500 miles

Cost per mile = $ 4.50

We need to calculate the total cost of the transportation first. This will be:

= 1500 x $4.50

= $6750

We are further told that it normally ships 500 units at a time.

Therefore, tge line haul cost per unit will be:

= $6750/500 = $13.50

7 0
3 years ago
A financial system or budget in which there is a careful supervision of resources to prevent too much spending or excess is call
notsponge [240]

Answer:

the answer is Economy!

Explanation:

4 0
3 years ago
I am creating a website but I don't know what it should be about. Any ideas? the more the better>
olga2289 [7]

Answer:

maybe a food delivery or clothes type website or a social networking website I don't know if this will help but I do know those 3 options are very common and well used

Explanation:

4 0
2 years ago
Read 2 more answers
Other questions:
  • The banking panic of 1907 and the resulting cash shortage led to the formation of the: A. Federal Reserve System.B. Comptroller
    12·1 answer
  • Although best used as a last resort, many small businesses find it convenient to use __________ as a short-term source of financ
    7·1 answer
  • Continued losses in an industry will cause some firms to reduce output or eventually leave the industry.
    12·1 answer
  • Your company is reviewing a project with estimated labor costs of $14.68 per unit, estimated raw material costs of $43.18 a unit
    14·1 answer
  • Pompeii, Inc., has sales of $53,500, costs of $24,400, depreciation expense of $2,600, and interest expense of $2,350. If the ta
    5·1 answer
  • The Absolute Zero Co. just issued a dividend of $3.40 per share on its common stock. The company is expected to maintain a const
    5·1 answer
  • Seminoles Corporation’s fiscal year-end is December 31, 2021. The following is a partial adjusted trial balance as of December 3
    10·1 answer
  • Assume both portfolios A and B are well diversified, that E(rA) = 13.4% and E(rB) = 15.0%. If the economy has only one factor, a
    12·2 answers
  • common lit capataliasmn-Which phrase best describes the relarionship between workers and bussiness owners in capatalists cociety
    8·1 answer
  • Which of the following would an entrepreneur do first when starting a new venture?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!